January 31, 2026 | 09:39 am
TEMPO.CO, Jakarta - Finance Minister Purbaya Yudhi Sadewa described the resignation of Indonesia Stock Exchange (IDX) President Director Iman Rachman as a potential opportunity for investors to buy shares, following a recent plunge in the Composite Stock Price Index (IHSG) triggered by Morgan Stanley Capital International (MSCI) concerns.
“This is positive for those who understand the market. If you understand, buy, grab,” Purbaya said at Wisma Danantara on Friday, January 30, 2026.
The minister emphasized that the resignation does not represent a fiscal loss for the state. On the contrary, he sees it as a signal that regulators are responding swiftly and seriously to market issues, which could boost investor confidence in both the capital market and real sectors.
“For those hesitant to invest, this should increase confidence in the market’s future direction. Investors will return to both the stock market and the real economy,” he added.
Purbaya also framed Iman Rachman’s resignation as a responsible response to the market turbulence. He said the recent capital market correction was triggered by the failure to address MSCI’s input regarding transparency, free float, and share ownership.
“If not handled quickly, it could destabilize broader economic conditions,” he warned.
The IHSG fell from 8,975.33 on January 26, 2026, to 8,320.56 on January 28 and further to 8,232.20 on January 29, following MSCI’s freeze of index rebalancing over concerns about free float and market transparency. On Friday, the index rebounded by 97.41 points to 8,329.61.
The government is pursuing structural reforms at the IDX, including demutualization to reduce conflicts of interest between exchange executives and members.
Free float will also increase from 7.5 percent to 15 percent, while investment limits for pension funds and insurance companies in the capital market will rise from 8 percent to 20 percent.
Read: Indonesia to Fast-Track Stock Exchange Demutualization After IHSG Drop
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