Business · Markets · 2 hrs ago
OJK Urges Investors to Separate MSCI Sentiment From Indonesia’s Fundamentals
Indonesia’s financial regulator urged businesses to separate MSCI-related sentiment from economic fundamentals as the stock market faced volatility.
OJK chair Friderica Widyasari Dewi made the case at a business meeting in Jakarta.
She said 72% of listed companies reported higher revenue in the second quarter of 2026, with net profit up 16%.
She also cited bank credit growth of 13.2%, while total loans exceeded 9,200 trillion rupiah and deposits reached 10,492 trillion rupiah.
Bank capital stood at 24.3% and bad loans at 2.07%, according to the figures she presented.
Despite oil prices above $100 a barrel and social tensions in parts of the world, the IMF, World Bank and OECD raised their growth forecasts for Indonesia for 2026 and 2027.
OJK said the figures support confidence in Indonesia’s outlook, but did not announce a specific next step.
OJK chief Friderica Widyasari Dewi urged businesses to separate sentiment related to MSCI from Indonesian companies’ and the economy’s fundamentals.
She cited second-quarter 2026 reports showing that 72% of listed companies recorded revenue growth of about 15%, while net profit rose 16%.
She also pointed to banking indicators, including credit growth of 13.2% and total loans exceeding Rp9,200 trillion.
Friderica said the IMF, World Bank and OECD had raised their forecasts for Indonesia’s economic growth in 2026 and 2027.
- Who
- OJK chief Friderica Widyasari Dewi urged businesses and investors to distinguish MSCI-related sentiment from fundamentals.
- What
- She cited company and banking data to argue that Indonesia’s fundamentals remained strong.
- When
- October 30, 2026. The company figures were for the second quarter of 2026.
- Where
- At a Kadin national leadership meeting in Jakarta, Indonesia.
- Why
- To encourage confidence in Indonesia’s capital market amid volatility and MSCI-related sentiment.
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- Listed companies
- 72% reported revenue growth of about 15% in second-quarter 2026
- Net profit
- Rose 16% among the companies cited
- Credit growth
- 13.2%, after reaching 13.6% the previous month
- Total loans
- More than Rp9,200 trillion
- Economic forecasts
- IMF, World Bank and OECD raised projections for Indonesia’s 2026 and 2027 growth
What people are saying
So distinguish between current sentiment and the fundamentals of those companies and the Indonesian economy.
So actually, the fundamentals of the companies are quite good.