Purbaya Says IHSG Will 'Soar' Next Week: Just Wait for the Moment

Jakarta, VIVA – Finance Minister Purbaya Yudhi Sadewa is optimistic that the IHSG will strengthen again next week in line with improvements in the national economy’s fundamentals. He said the IHSG movement could surge next week after briefly hovering around the 5,900 level.

‘I think, looking at the technicals, next week it will be running fast,’ Purbaya said at the Presidential Palace Complex in Jakarta on Friday, 22 May 2026. He urged market participants not to worry about current market conditions, as the government will continue to strengthen the national economy going forward.

Moreover, Purbaya said the IHSG rebound is only a matter of time because Indonesia’s economic fundamentals are still sound. ‘So it’s just a matter of time, not long if I’m not mistaken, until the IHSG price rebounds again,’ he said.

Purbaya also explained that price movements in stocks ultimately depend on corporate fundamentals and the overall economy. He assessed that if the economy improves, corporate profitability will rise, so stock prices should strengthen. ‘That will be driven by the economy’s fundamentals. If the economy is good, profitability also increases. So it should be unlikely that a profitable company’s stock falls. It would be undervalued; buy and you’ll surely profit,’ he said.

The IHSG on Friday afternoon closed up, buoyed by a rebound in energy and basic materials stocks. The IHSG rose 67.11 points, or 1.10%, to 6,162.05. Meanwhile, the LQ45 index of 45 leading stocks rose 4.04 points, or 0.66%, to 620.44. The IHSG closed higher after earlier dipping to 5,966.86 during the trading day, with nearly all sectors finishing in the green.