Purbaya: Stock Market Movements Align with Economic Fundamentals

The government assesses that the future movement of Indonesia’s stock market will increasingly reflect the improving economic fundamentals. Finance Minister Purbaya Yudhi Sadewa stated that this optimism arises alongside projections of strong economic growth amid global uncertainties. “Usually, the movement of the stock exchange or shares depends on the movement of its economic fundamentals,” Purbaya explained in his presentation at the Indonesia Stock Exchange building in Jakarta on Monday (27/4/2026). Purbaya said that Indonesia’s future economic growth is estimated to be higher than the previous range of 5% to 5.5%. He noted that this trend indicates a sustainable strengthening of the domestic economy. Purbaya revealed that in the previous quarter, Indonesia’s economy grew by around 5.39%, while for the first and second quarters of the current year, it is projected to reach above 5.5%. According to him, this achievement is considered solid amid ongoing global economic turbulence full of uncertainties. Furthermore, he stated that under relatively similar conditions or ceteris paribus, Indonesia’s economy has the potential to grow up to 6% relying solely on the private sector and government. This potential does not yet account for gradual structural economic changes. Purbaya is also optimistic that the 8% economic growth target is not impossible to achieve in the coming years. He assessed that in two to three years ahead, that figure will begin to appear and drive increasingly positive stock market prospects. “In 2-3 years, you’ll see the 8% figure starting to push upwards. That means our stock market prospects will also rise significantly,” he said.