Video: IDX Composite Could Return to 9,000 Level, But Conditions Apply!

Until the end of May 2026, the MSCI rebalancing sentiment was identified by Bernadus Wijaya, CEO of PT Sucor Sekuritas, as a factor driving foreign net selling and weighing on the IDX Composite (IHSG), which briefly touched the 6,000 level. Market confidence in MSCI’s decision to maintain Indonesia’s position within the ‘Emerging Market’ category could drive the strengthening of the Indonesian capital market. Furthermore, efforts by the government and stock exchange authorities to strengthen stock exchange governance serve as drivers for investor confidence in Indonesia.

On the other hand, ongoing tensions in the Middle East remain a market concern regarding the direction of central bank interest rate policies, which face the risk of being raised. Reviewing market conditions and developments, Bernadus projects that the IHSG could reach the 9,000 - 10,000 level, provided there is no policy uncertainty, the fiscal deficit remains below 3%, and MSCI policy requirements are met.