REPUBLIKA.CO.ID, JAKARTA — Indonesia Stock Exchange President Director Iman Rachman said that he will hold a meeting with market participants to discuss the current conditions of capital market performance that continues to move red. The meeting is planned to be held on Monday (3/3/2025).
It is known that the movement of the Composite Stock Price Index (IHSG) is sluggish throughout 2025. IHSG, which from its first trade in 2025 amounted to 7,164, has now touched 6,300 positions. The BEI noted that until February 27, foreign sell-offs or net sales had broken through Rp 19 trillion.
In the last week, from February 21 to February 27, 2025, IHSG has fallen by 4.7 percent on a week on week (WoW) basis. This makes the BEI want to take action, so in the near future there will be a meeting with market participants, plus together with the Financial Services Authority (FSA).
“Tomorrow Monday we will collect the perpetrators. We are an SRO (self regulatory organization), our hands are on the perpetrators, we will discuss with the perpetrators about what we can do,” Iman told reporters at the BEI Building, Jakarta, Friday (28/2/2025).
Faith reveals that one of the options that the BEI has already thought about is a short selling policy. It is hoped that with a meeting at the beginning of next week, there will be a decision on the right steps to take.
“An example of the discussion is whether, for example, short selling under current conditions is suitable,” he said.
Iman stressed that the BEI would not stay silent on current market conditions. But he said he remains optimistic that investors are not actually disbelieving in Indonesia's capital market situation, but are just waiting and seeing.
“We're going to do some things that we can support, so that the market confidence goes up. We see the input of friends, the perpetrators, and discussions with OJK,” he said.