Indonesia’s capital market remains positive heading into 2026, despite ongoing global uncertainty that continues to weigh on financial markets worldwide. According to the Financial Services Authority (OJK), Indonesia’s capital market demonstrated strong resilience throughout 2025, even as investors faced monetary policy uncertainty, geopolitical tensions, and trade-related pressures. This performance reinforces confidence that Indonesia enters 2026 with a solid foundation, supported by stable economic fundamentals, regulatory consistency, and growing domestic participation.
Throughout 2025, market strength reflected not only external confidence but also greater structural improvements. OJK emphasized that integrity, resilience, and sustainability shaped the capital market’s progress. As a result, Indonesia’s capital market closed the year in a position that allows it to navigate global risks while continuing to grow in a measured and disciplined manner.
Indonesia Capital Market Outlook in 2025 Shows Resilience
Indonesia’s capital market delivered a solid performance across multiple indicators during 2025. OJK recorded a stronger Composite Stock Price Index, rising market capitalization, and higher trading activity throughout the year. Fundraising activity also increased, showing that issuers and investors maintained confidence despite global headwinds.
In addition, domestic investor participation continued to expand at a rapid pace. Younger investors played a significant role in driving transaction growth and broadening the market base. This trend strengthened market depth and reduced reliance on external capital flows.
Speaking at the Indonesia Stock Exchange’s 2025 trading closure, OJK’s Chief Executive for Capital Market, Derivative Finance, and Carbon Exchange Supervision, Inarno Djajadi highlighted the market’s ability to withstand pressure. “Indonesia’s capital market has demonstrated increasing resilience and competitiveness,” he said. This resilience, according to OJK, reflects consistent supervision and steady market development rather than short-term momentum.
OJK Capital Market Strategy Strengthens Investor Confidence
OJK attributed the positive market performance to close coordination between regulators, Self-Regulatory Organizations, industry participants, and other stakeholders. This cooperation helped maintain market integrity while encouraging sustainable growth.
Inarno emphasized that the year’s achievements did not occur by chance. “These achievements did not occur by chance, but are the result of hard work, synergy, and collaboration among all stakeholders in the capital market industry,” he said. OJK believes that clear rules, strong oversight, and transparent processes have improved investor trust across market segments.
Moreover, OJK continues to position the capital market as a key pillar of Indonesia’s financial system. By aligning regulatory priorities with market needs, the authority aims to ensure stability while allowing innovation to develop responsibly.
Indonesia Capital Market Supported by Strong Fundamentals
Looking ahead, the Indonesian Capital Market Outlook benefits from stable and well-maintained economic fundamentals. According to OJK, this stability provides sufficient room for the market to strengthen its performance sustainably. Domestic consumption, growing investor literacy, and expanding participation continue to support long-term growth.
Addressing the outlook for 2026, Inarno stated, “Indonesia’s economic fundamentals remain strong and well maintained, giving the country sufficient room to continue strengthening capital market performance in a sustainable manner.” This confidence reflects OJK’s assessment that domestic drivers remain resilient even as global conditions fluctuate.
As a result, Indonesia enters 2026 with a balanced outlook that combines growth opportunities with prudent risk management.
Global Market Volatility Remains a Key Challenge in 2026
Despite the positive outlook, OJK acknowledged that global market volatility will remain a major challenge in 2026. Developments in global interest rates, commodity price movements, and geopolitical conditions continue to influence investor sentiment across emerging markets.
Inarno noted that international factors will still shape market dynamics. However, he emphasized that Indonesia’s capital market now shows greater capacity to absorb external shocks. Strong domestic participation and regulatory readiness help cushion the impact of sudden global shifts.
Rather than viewing volatility as a threat alone, OJK considers it a factor that requires anticipation and disciplined policy responses.
OJK Priorities Focus on Sustainable and Secure Market Growth
To support future growth, OJK and Self-Regulatory Organizations have set clear priorities for 2026. These include stronger collaboration with institutions such as the Ministry of Finance and Bank Indonesia, as well as enhanced cybersecurity and market integrity measures.
OJK also plans to strengthen financial institutions and accelerate the development of sustainable finance. According to Inarno, “These priority programs certainly cannot be achieved without the support of all stakeholders in Indonesia’s capital market.”
He concluded by calling for continued cooperation across the industry. “Let us work together to build an inclusive, sustainable, and resilient Indonesian capital market,” he said, reinforcing OJK’s commitment to long-term stability and growth.
Source: cnbcindonesia.com, baliportalnews.com
Image: Bayu Pratama S/ANTARA FOTO
