Danantara Called The Cause Of The Decline Of The JCI This Week, Erick Thohir: It Takes Time To Become A Positive Sentiment

SOE Minister Erick Thohir commented on the JCI which came down after the launch of Danantara (Theresia Agatha/VOI).

JAKARTA - The Minister of SOEs, Erick Thohir, opened his voice regarding the weakening trend of the combined stock price index (JCI) after the launch of the Danantara on Monday, February 24, 2025. The chairman of the Danantara Supervisory Board believes that Danantara can be a positive sentiment for the JCI going forward.

"It should be possible (to be a positive sentiment), but it takes time. We can't fight the perception (public) of these days, which seems to be benchmarking Danantara with a bad sovereign wealth," said Erick when met at Soekarno-Hatta Airport, Tangerang, Saturday, March 1, 2025.

As for the close of trading Friday, February 28, 2025, the JCI closed lower by 214.85 points or 3.31 percent to 6,270.60. Erick assessed that the current decline in share prices could not be separated from the policy of the President of the United States (US), Donald Trump.

The problem is, Trump is strategic so that the US remains the country with the largest economy in the world without being followed by China.

"President Donald Trump is taking very bullish economic policies for America," he said.

Previously, the President Director of the Indonesia Stock Exchange (IDX), Iman Rachman, said that he would prepare several steps related to the decline in the JCI in recent times.

Iman said that his party will continue to coordinate with various parties, including the Financial Services Authority (OJK) and other market players to find solutions that can be applied in an effort to stabilize the market.

"We are not silent. We will see steps that can be taken. Next Monday, we will gather market participants."

"As SRO, we have a role in this ecosystem and we will discuss with the perpetrators what can be done," he told the media crew, Friday, February 28, 2025.