OJK Values the JCI to Reach 10,000 is Not Impossible This Year

JAKARTA - The Financial Services Authority (OJK) responded positively to the statement of Minister of Finance Purbaya Yudhi Sadewa who predicted that the Composite Stock Price Index (JCI) has the potential to break through the 10,000 level this year.

The Head of the Capital Market, Derivatives Finance, and Carbon Exchange Supervisory Board of OJK, Inarno Djajadi, assessed that the target was not unrealistic.

According to him, this achievement can be realized if supported by strong national economic fundamentals and increased participation of domestic investors.

"Of course, if the fundamentals of the Indonesian economy are solid and the role of domestic investors increases, it feels like this level is not impossible to achieve," he said in a press conference on the results of the December 2025 Monthly Board of Commissioners (RDK) Meeting, Friday, January 9.

However, Inarno emphasized that strengthening the JCI must be based on a solid economic foundation.

He also highlighted the importance of the role of domestic investors, both retail and institutional, so that the national capital market has better resilience.

He explained that the movement of the JCI was not only influenced by the performance of issuers, but also by various other factors, including domestic economic dynamics and global conditions, so investors were urged not to focus solely on target numbers, but also to pay attention to the underlying situation.

"Of course, we are never tired of always reminding that decisions in investing still need to be accompanied by vigilance and good risk management," he said.

As a regulator, Inarno conveyed that OJK is committed to maintaining the capital market so that it continues to run regularly, reasonably, and efficiently.

According to him, this effort is carried out by building a healthy and integrated market ecosystem, so that the growth of the index and other investment instruments can take place sustainably, not solely due to short-term momentum factors.

Inarno also quoted the direction of the Chairman of the OJK Board of Commissioners, Mahendra Siregar, at the opening of the 2026 stock exchange trade, namely there were three main policy focuses that were of concern in strengthening the national stock market.

"Among others, it is the improvement of the quality of issuers, free float, and also the increase in the role of institutional investors both globally and domestically," he explained.

Previously, Minister of Finance Purbaya Yudhi Sadewa expressed his confidence that the JCI has the opportunity to reach the level of 10,000 this year and this optimism is based on the prospects for economic growth which is considered better than the previous year.

"Market participants are ready, this year (JCI) 10,000 is not an impossible figure to achieve. (Basically) from good economic growth, better than last year," said Purbaya at the Indonesia Stock Exchange (IDX) Building, Friday, January 2.