Danantara’s Optimism: IHSG Ready to Rebound Amid Capital Market Reforms
New optimism is sweeping through the Indonesian capital market as the trading week prepares to open. The CEO of the Danantara Investment Management Agency, Rosan Perkasa Roeslani, has issued a strong signal that the Jakarta Composite Index (IHSG) is positioned for a significant rebound.
This confidence from the investment authority is well-founded, rooted in the positive response from global investors toward a series of structural reforms currently being rolled out. This comprehensive capital market reform is viewed as the primary key to restoring international investor confidence in domestic economic stability.
A central pillar of this initiative is the policy adjustment increasing the minimum free float to 15%. This move is strategically designed to significantly boost market liquidity, ensuring more shares are available for public trading, which in turn will minimize unnatural market volatility.
Beyond liquidity, transparency has become a focal point through the strengthening of Ultimate Beneficial Ownership (UBO) regulations. Global investors now hold high expectations for more granular data disclosure, even suggesting a reduction in the ownership reporting threshold from 5% to 1-2% to align with global market standards like those in India.
The Financial Services Authority (OJK) has also formulated eight strategic steps, including exchange demutualization and the strengthening of sanctions against market manipulation. These systematic efforts aim to create an investment ecosystem that is clean, credible, and internationally competitive.
The integrity of listed issuers is being further elevated through mandatory professional certification for financial report preparers. With synergy between Danantara, OJK, and the Indonesia Stock Exchange, the national capital market is transforming into a more attractive platform for foreign capital inflows.