Purbaya Confident IHSG Could Hit 8,000, Set to Rally Next Week!

The Jakarta Composite Index (IHSG) briefly touched its lowest level in the 5,900s during trading on Friday, 22 June 2026, according to data from the Indonesia Stock Exchange (BEI). It closed up 1.10% or 67.11 points to 6,162.05. Despite the IHSG’s weakness, Finance Minister Purbaya Yudhi Sadewa remains confident that Indonesia’s stock market can return to around 8,000 as at the start of 2026, arguing that the economy’s fundamentals are in good shape. ‘It can (return to the 8,000 level) because, at the end of the day, stock price movement depends on the fundamentals of the individual companies, which will be influenced by the economy’s fundamentals. If the economy is strong, profitability also improves,’ Purbaya said at the Presidential Palace Complex, Jakarta, on Friday (22 May 2026). Instead, Purbaya suggested buying stocks now, especially those of profitable companies. Moving forward, the IHSG is expected to rally as Indonesia’s economy improves. ‘So it should be, if the companies are profitable, and the stock falls, it means undervalued; buy anyway, you will surely profit,’ Purbaya said. ‘So there’s no need to fear market participants; we will continue to improve the economy going forward, the faster, the better,’ he asserted. He is confident the IHSG will rebound soon. Looking at technical analysis, the IHSG should already be moving fast next week. ‘So it’s simply a matter of waiting, not long. If you look at the technicals, next week it will rally,’ he added.