Analysts Urge Prabowo Administration to Boost Market Communication Amid Stock Market Volatility
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JAKARTA, investortrust.id – Stock analysts and investment managers have called on Indonesia’s new administration under President Prabowo Subianto to strengthen and maintain regular communication with capital market participants and economists, as market volatility intensifies and investor confidence faces renewed pressure.
Their call came during a high-level meeting at the Presidential Palace complex on Monday, March 24, 2025, involving representatives from the Presidential Communication Office and the Fiscal Policy Agency at the Ministry of Finance.
“They’re asking for continuous and clear communication with market players and economists,” said Deputy for Dissemination and Media at the Presidential Communication Office, Noudhy Valdryno, following the meeting.
Noudhy affirmed that the Presidential Communication Office, or PCO, would act swiftly on the recommendations. He said the PCO is committed to building intensive, direct dialogue with investors and market stakeholders to maintain trust and transparency.
“Our team across ministries and government agencies will ensure sustained engagement with market actors and economists,” he added.
Alongside Noudhy, Head of the Fiscal Policy Agency Febrio Kacaribu also took part in discussions on Indonesia’s economic outlook and key government policies. Noudhy conveyed that President Prabowo is committed to elevating both the quality and consistency of public communication from the government.
“Market participants play an incredibly strategic role in this country. We’ve received a flood of suggestions and recommendations on how to improve. There’s widespread optimism among them, and they’re eager to help build this nation in partnership with the government,” he said.
Despite recent turbulence in the Jakarta Composite Index, or JCI, Noudhy noted that analysts remain confident about the nation’s economic direction under Prabowo’s leadership. According to him, market participants have begun to detect the impact of the administration’s policies.
“They’ve urged us to maintain consistent and clear communication. That directly shapes how market participants and economists interpret our policies. During last Friday’s cabinet meeting, President Prabowo reiterated his commitment to improved communication across all government levels,” Noudhy stated.
Among those attending the meeting were prominent market figures including President Director of Trimegah Asset Management Anthony Dirga and President Director of PT Samuel Asset Management Agus Basuki Yanuar, along with several other equity analysts and economists.
Foreign Net Sell Hits Rp 160.61 Billion as Major Stocks Fall
On the same day, foreign investors recorded a net sell of Rp 160.61 billion (approximately $10.2 million), as the JCI plunged 96.96 points or 1.55% to 6,161.22.
The sell-off was dominated by large-cap stocks such as: PT Bank Rakyat Indonesia Tbk (BBRI): Rp 238.54 billion, PT Mitra Adiperkasa Tbk (MAPI): Rp 96.06 billion, PT Indofood CBP Sukses Makmur Tbk (ICBP): Rp 51.15 billion, PT Barito Renewables Energy Tbk (BREN): Rp 38.88 billion, and PT Amman Mineral Internasional Tbk (AMMN): Rp 33.86 billion.
The sell-off also hit conglomerate-owned stocks, particularly those linked to tycoon Prajogo Pangestu, including BREN, TPIA, CUAN, BRPT, and PTRO. Other major names such as AMMN, BBRI, and BBNI also declined.