Kuya Food Express JAKARTA. The Indonesia Stock Exchange (BEI) has confirmed it has not received any specific directives from President Prabowo Subianto concerning the current state of the capital market.
Jeffrey Hendrik, the Acting President Director of BEI, reiterated the long-standing message that investment in the capital market is inherently a long-term endeavor. Speaking at the BEI Building on Thursday (May 21, 2026), he confidently stated, “We are equally convinced that Indonesia’s economic fundamentals will continue to improve in the future.”
Hendrik also highlighted President Prabowo’s emphasis on streamlining business permits. This initiative is expected to generate positive effects across the economy, consequently benefiting the capital market.
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Furthermore, Jeffrey Hendrik disclosed that the Exchange is scheduled to meet with an issuer from its list of companies with High Shareholding Concentration (HSC) this week. He did not, however, reveal the identity of the specific issuer. It was clarified that these discussions are not related to MSCI methodology, as such matters remain private between BEI and the global rating agencies.
The core objective of this upcoming meeting, Hendrik explained, is to explore potential strategies for distributing a larger portion of the issuer’s shares to the public. This move aims to enhance market liquidity and broaden public participation.
Providing a snapshot of the market’s performance, the Jakarta Composite Index (IHSG) experienced a significant correction during today’s (May 21, 2026) first trading session, dropping 2.76% to 6,144.35. This recent decline has further exacerbated the IHSG’s performance, marking a 19.09% decrease over the past month and a substantial 28.94% fall since the beginning of the year, or year-to-date (YTD).
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Summary
The Indonesia Stock Exchange (IDX) has clarified that it has received no specific directives from President Prabowo Subianto regarding the capital market. IDX Acting President Director Jeffrey Hendrik emphasized that the exchange remains focused on long-term investment strategies and expects Indonesia’s economic fundamentals to improve. While there are no direct mandates, the government’s push to streamline business permits is expected to provide broader economic benefits that will eventually support the market.
Additionally, the IDX is set to meet with an issuer identified as having high shareholding concentration to discuss strategies for increasing public share distribution and market liquidity. This announcement coincides with a challenging period for the Jakarta Composite Index (IHSG), which recorded a 2.76% decline in recent trading, contributing to a year-to-date loss of 28.94%. The exchange maintains that these discussions are independent of global rating agency methodologies.