Purbaya: Indonesian Composite Index Can Still Reach 10,000

The Indonesian Composite Index (IHSG) has continued to decline since early 2026. At the close of trading on Monday, 16 March 2026, the IHSG fell 114.92 points or 1.61% to 7,022.29.

Despite the ongoing correction, Finance Minister Purbaya Yudhi Sadewa remains optimistic that Indonesia’s stock market will strengthen. He is even confident that the index has the potential to reach the 10,000 level.

“We can still reach 10,000 because the economy is genuinely performing well,” said Purbaya when met at the Office of the Coordinating Ministry for Economic Affairs on Monday, 16 March 2026.

Purbaya emphasised this optimism is based on the strength of national economic fundamentals. He even stated that Indonesia’s economic performance currently outperforms several neighbouring countries.

“Our economy will be different from our neighbouring countries – we are number one in the G20, do you still not believe it?” Purbaya told journalists.

Beyond this, the state treasurer noted that with a controlled fiscal deficit, Indonesia still has room to drive faster economic growth.

“With the same resources and a controlled deficit, we can create faster growth – that’s quite remarkable,” he said.

The finance minister also reminded investors to remain selective when choosing stocks, specifically those with sound fundamentals rather than speculative stocks.

“Choose stocks with good fundamentals because our economic foundation is strong. We have experienced high oil prices multiple times before, and that knowledge remains with us, so we should be able to survive,” he said.