February 2, 2026 | 11:21 pm
TEMPO.CO, Jakarta - Chief Investment Officer of Indonesia's sovereign wealth fund Danantara, Pandu Sjahrir, said he is not worried about the decline in Indonesia’s composite stock price index (IHSG) at the opening and first session of trading on Monday, February 2, 2026.
Despite the decrease, Pandu highlighted positive aspects in the early trading session, particularly noting that foreign investors were buying shares in fundamentally strong companies.
“From a trading perspective, the index has dipped slightly, but the positive aspect can be seen in net foreign purchases in the first half,” Pandu said at the Indonesia Stock Exchange building in Jakarta.
He explained that fundamental stocks have been the main focus of foreign investors, appearing among the top 10 purchases and top 15 sales. For this reason, he said the weakening of these stocks should not be a cause for concern.
“Personally, I don’t see this as something to worry about. We need to focus on fundamentals and valuations. It’s important to buy and look at quality stocks,” he said.
Pandu also compared stocks with high valuations that experienced sharp corrections to fundamental stocks that were actively being bought. According to him, this is an opportune moment to purchase fundamental stocks with strong liquidity and solid performance.
“It’s a good time to buy,” he emphasized.
He added that Danantara, which is currently active in the financial market, will continue to purchase stocks with attractive valuations or companies that show good cash flow.
In the second session of trading on Monday, the IHSG closed at 7,922.73, falling 406 points, or 4.88 percent, from the closing level at the end of last weekend’s trading. This marked the index’s lowest level since September 15, 2025.
Earlier, the IHSG had strengthened at the end of last week’s trading on Friday, following sharp declines over the two preceding trading days.
Read: OJK Shares Results of Today's Meeting with IDX and MSCI
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