Purbaya Predicts IHSG to Rally Strongly Next Week

Finance Minister Purbaya Yudhi Sadewa is optimistic that the Jakarta Composite Index (IHSG) will strengthen again next week, aided by improving fundamentals of the national economy. He said the IHSG could surge next week after previously fluctuating around the 5,900 level.

‘I think, looking at the technicals, next week it will rally,’ Purbaya told reporters at the Presidential Palace complex in Jakarta on Friday, 22 May 2026, as quoted by Antara.

He urged market participants not to worry about current market conditions, as the government will continue to strengthen the national economy going forward.

According to him, the IHSG rebound is simply a matter of time because Indonesia’s economic fundamentals remain sound. ‘So it’s just a matter of time until, if not soon, the IHSG price will rebound again,’ he said.

Purbaya also explained that price movements ultimately depend on company fundamentals and overall economic conditions. He noted that if the economy improves, profitability for companies will also rise, so share prices should follow higher.

‘That will start from the fundamentals of the economy. If the economy is good, profitability also increases. So it should be unlikely that a company earns profits but its shares fall. Then it would be undervalued; buying it would surely bring profits,’ said Purbaya.

IHSG closed higher on Friday afternoon, supported by a rebound in energy and basic materials stocks. The IHSG rose 67.11 points or 1.10 percent to 6,162.05. Meanwhile, the LQ45 index rose 4.04 points or 0.66 percent to 620.44.

The IHSG closed higher after previously slipping to 5,966.86 during trading today, with almost all sectors finishing in the green.