A Lawmaker's Remedy to Calm the Stock Market
June 19, 2026 | 04:27 pmHouse of Representatives Speaker Sufmi Dasco Ahmad (third left) delivers a press statement after a meeting with executives of state-owned banks at the House of Representatives complex,. . .
June 19, 2026 | 04:27 pmHouse of Representatives Speaker Sufmi Dasco Ahmad (third left) delivers a press statement after a meeting with executives of state-owned banks at the House of Representatives complex, Jakarta, June 9, 2026. Tempo/Anastasya LaveniaTEMPO. CO, Jakarta- The remedy for the stock market's malaise did not come from the stock exchange authority or the trading floor, but from the parliamentary complex in Senayan, Central Jakarta. Amid pressure on theJakarta Composite Index(IHSG) from late May through the first week of June 2026, a closed-door meeting held on the morning of Tuesday, June 9, shifted market sentiment. Inside the office of DeputyHouse of Representatives(DPR) SpeakerSufmi Dasco Ahmad—whose portfolio typically covers political and security affairs—several executives fromstate-owned banksand government investment institutions gathered. Among them were Bank Negara Indonesia (BNI) Chief Executive Officer (CEO) Putrama Wahju Setyawan, Bank Mandiri CEO Riduan, Bank Rakyat Indonesia (BRI) CEO Hery Gunardi, Indonesia Investment Authority Board Chair Oki Ramadhana, as well as executives from Taspen and the Health Care and Social Security Agency (BPJS Kesehatan). Accompanied by State SecretaryPrasetyo Hadiand Daya Anagata Nusantara Investment Management Agency (Danantara) Chief Operating Officer Dony Oskaria, Dasco sent what appeared to be a "market rescue" signal. "Perhaps shares that currently have strong fundamentals can be bought back," he said, hinting at a plan for share buybacks by members of theAssociation of State-Owned Banks(Himbara). Several analysts and market participants said the meeting was prompted by growing complaints from major investors trading through state-owned securities firms. The decline in the IHSG had reduced the value of their investments. Those concerns reportedly reached the Presidential Palace. The meeting and the buyback appeal were intended to ease investor anxiety. Asked for confirmation via text message on Friday, June 12, Dasco declined to comment. Read the Complete Story in Tempo English MagazineRecommendedRupiah Falls to Rp17,845 per US Dollar at Friday's Open5 jam laluRupiah Falls to Rp17,845 per US Dollar at Friday's OpenThe rupiah fell 51 points, or 0. 29 percent, to Rp17,845 per U. S. dollar in Friday morning trading, compared with its previous close of Rp17,794. New IDX President Director Vows to Continue Capital Market Reforms6 jam laluNew IDX President Director Vows to Continue Capital Market ReformsJeffrey Hendrik and six other executives were selected as IDX directors for the 2026-2030 term after completing a fit-and-proper test conducted by OJKMSCI Downgrades Indonesia's Information Flow Rating to Negative7 jam laluMSCI Downgrades Indonesia's Information Flow Rating to NegativeRecent MSCI review sees Indonesia's information flow rating plummet from positive to negative. Indonesia's JCI Tumbles, Rupiah Weakens at Market Close10 hari laluIndonesia's JCI Tumbles, Rupiah Weakens at Market CloseThe Jakarta Composite Index (JCI) plunged 4. 52 percent to close at 5,342 on Monday, while the rupiah weakened to Rp18,187 against the U. S. dollar. Rupiah Weakens to 18,129 per US Dollar, JCI Drops 4%11 hari laluRupiah Weakens to 18,129 per US Dollar, JCI Drops 4%The exchange rate of the rupiah weakened in the morning of Monday, June 8, 2026. The domestic stock market index also opened in the red zone. JCI Stays Under Pressure, Falls 2. 5% in Friday's First Session14 hari laluJCI Stays Under Pressure, Falls 2. 5% in Friday's First SessionThe JCI's decline underscores heightened market uncertainty, prompting investors to reduce exposure to riskier assets. JCI Slumps 5% as Rupiah Approaches Rp18,000 per US Dollar16 hari laluJCI Slumps 5% as Rupiah Approaches Rp18,000 per US DollarThe JCI fell by as much as 5 percent in the first trading session on Wednesday, while the rupiah weakened to Rp17,930 per U. S. dollar. JCI Seen Volatile Amid High Oil Prices, Interest Rates16 hari laluJCI Seen Volatile Amid High Oil Prices, Interest RatesIndonesia's JCI may see volatile trading as high oil prices and elevated global interest rates weigh on sentiment. Indonesia's JCI Drops 6. 63 Percent Over the Week26 hari laluIndonesia's JCI Drops 6. 63 Percent Over the WeekDespite the weakening of the JCI this week, Finance Minister Purbaya Yudhi Sadewa remains optimistic that the index will strengthen next week. JCI Opens Lower at 6,065. 63, Volatility Expected to Persist28 hari laluJCI Opens Lower at 6,065. 63, Volatility Expected to PersistInvestor sentiment remains pressured by rupiah movements, foreign outflows, US-Iran tensions, and domestic policy uncertainty.