RRI.CO.ID, Jakarta - Acting President Director of the Indonesia Stock Exchange (IDX), Jeffrey Hendrik, has urged investors to remain rational, focusing on market fundamentals and their individual risk profiles, as the Jakarta Composite Index (JCI) continues to decline.

Jeffrey noted that the JCI has been correcting for nearly a week, even hitting its lowest level -- down almost 5 percent -- on Wednesday, June 3, 2026.

Despite the correction, Jeffrey emphasized that the fundamentals of the Indonesian capital market remain strong, as reflected in the financial reports of all listed companies at the end of 2025. “All listed companies recorded profit growth of over 21 percent,” he said at the IDX Building on Thursday, June 4.

Net profit growth was also evident in the first quarter of 2026 compared to Q1‑2025. “Specifically for stocks in the LQ45 group, there was net profit growth of nearly 30 percent, or 29.9 percent,” Jeffrey added.

The LQ45 is the IDX’s main stock index, comprising 45 issuers with the highest trading liquidity, large market capitalization, and sound financial fundamentals. It is widely used as a benchmark for assessing the performance of blue‑chip stocks in Indonesia.

Jeffrey further noted that, as of Q1‑2026, 80 percent of all listed companies reported net profits, the highest percentage in the past five years. In 2020, only 63 percent of listed companies reported net profits, while from 2021 to 2025 the figure rose to between 73 and 76 percent.

“This increase indicates that the fundamentals of companies listed on the IDX are in good condition,” Jeffrey stressed, adding that these factors should serve as the basis for investors’ decision‑making.

On the policy side, the IDX continues to implement measures to maintain healthy trading and market movements. “The buyback policy without a general meeting of shareholders remains in effect to this day,” Jeffrey said.

He also clarified that market rumors suggesting Morgan Stanley Capital International (MSCI) had downgraded Indonesia to the frontier market category were false. “That information is incorrect,” he stated firmly, urging investors to cross‑check market information before making decisions.

“We certainly expect investors to decide based on accurate information,” Jeffrey said, emphasizing that the IDX has taken concrete steps to ensure Indonesia remains in the emerging market category. (Gusti Panji)