Rancak Media — JAKARTA — Finance Minister Purbaya Yudhi Sadewa has expressed strong optimism that the Jakarta Composite Index (JCI) will rebound and reach the 8,000 level, driven by strengthening national economic fundamentals and robust corporate performance.
Purbaya shared this positive outlook following a limited meeting with President Prabowo Subianto at the Presidential Palace in Jakarta on Friday, May 22, 2026.
Addressing questions regarding the JCI’s potential to rise from its current position in the 5,900 range, Purbaya emphasized that stock market movements are ultimately tethered to the underlying health of the economy and the profitability of publicly listed companies.
Market Fundamentals as the Key Driver
“It is certainly possible. At the end of the day, stock price movements depend on the company’s own fundamentals,” Purbaya stated. He explained that these fundamentals are heavily influenced by the national economic climate. When the economy grows, corporate profits typically rise, which should naturally bolster stock prices.
“It starts with the economic fundamentals. If the economy performs well, profitability will increase accordingly,” he added.
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According to Purbaya, when stock prices decline despite companies maintaining profitability, it indicates that those shares are currently undervalued. “It is illogical for a profitable company to see its stock price collapse. It simply means the stock is undervalued, and buying it now should result in future gains,” he advised.
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Government Commitment to Economic Stability
Purbaya urged market participants not to panic over current market volatility. He reiterated that the government remains committed to strengthening the national economy to accelerate the market recovery process.
“There is no need to be afraid. For those playing the stock market, know that we are consistently working to improve the economy moving forward. We are pushing for that growth to happen as quickly as possible,” he noted.
Purbaya believes that the JCI’s recovery is only a matter of time and expects a rebound in the near future. Drawing from technical analysis, he anticipates that this upward momentum could begin as early as next week.
“Looking at the technical indicators, I believe the market is poised for a significant rally by next week,” Purbaya concluded.
Summary
Finance Minister Purbaya Yudhi Sadewa expressed strong optimism that the Jakarta Composite Index (JCI) will rebound and reach the 8,000 level. This rebound is expected to be driven by strengthening national economic fundamentals and robust corporate performance. He emphasized that stock market movements are tethered to the underlying health of the economy and the profitability of publicly listed companies.
Purbaya stated that when profitable companies see stock declines, it indicates they are undervalued, suggesting future gains. He urged market participants not to panic, reiterating the government’s commitment to strengthening the economy for rapid market recovery. Based on technical analysis, Purbaya anticipates this upward momentum and JCI’s recovery could begin as early as next week.
