IHSG Crashes Ahead of the Announcement of Andantara Management

The Composite Stock Price Index (IHSG) has been moving in the red zone since the opening of trading today, Monday (24/3). The IHSG briefly broke through the level of 5,967 during the first session of trading today.

The weakening of the IHSG is indicated to occur due to several conditions both domestically and internationally. Domestically, the collapse of the IHSG happened just before the announcement of the management structure of the Investment Management Agency (BPI) Daya Anagata Nusantara (Danantara).

The Director of Research & Investment of Pilarmas Investindo Securities, Maximilianus Nico Demus, stated that Danantara also influenced the movement of the IHSG today, which has been accumulated since its approval.

"Regarding Danantara, it is also one of the factors influencing the current situation and conditions of the movement until today, because what happens today is an accumulation since the beginning of the year," said Nico when contacted by detikcom, Monday (24/3).

"He said that the shift of investors to safer investment instruments occurs alongside increasing concerns about fiscal risks in Indonesia. As a result, the Indonesian stock market is no longer attractive."

"Fiscal risk is increasingly rising in Indonesia, causing many market players and investors to ultimately decide to switch to other investments that are much safer or to seek other countries that provide certainty of returns," he explained.

Nico also does not deny the global geopolitical sentiment, such as the tariff war between the United States (US) and the European Union, as well as concerns about a US recession affecting the movement of the IDX today. Meanwhile, other domestic sentiments are impacted by a 30% decline in state budget revenue.

"This is what has the potential to cause the Bank Indonesia (BI) interest rates to also be more difficult to decrease," he stated.

"When contacted separately, Senior Investment Information of Mirae Asset Sekuritas Indonesia Nafan Aji Gusta Utama stated that the decline of the IHSG is also influenced by the complex and unfavorable dynamics of domestic politics and security."

"Whether it is related to Danantara dynamics, or whether it is related to the Military Law Bill that was passed in the DPR," said Nafan to detikcom.

He said that market participants hope Danantara can be managed with good governance. In addition, Nafan assesses that market participants are looking forward to policies that favor the stock market.

Meanwhile, Nafan also assesses that the IDX Composite still has the opportunity to strengthen again if it can hold at the support level of up to 5,961. In fact, there is a positive scenario for the IDX Composite to strengthen to the level of around 6,800.

"As long as the IHSG can hold at the support level up to 5961, then the positive scenario at 6808 and the optimistic scenario at 7709 are still valid," he stated.

Meanwhile, Senior Technical Analyst of Sucor Sekuritas Reyhan Pratama stated that the announcement of the management structure of Danantara has not significantly impacted the IHSG. Currently, he assesses that investors are still focused on foreign capital movements and the domestic economic conditions.

According to him, the weakening of the IHSG this morning is still influenced by foreign flow that continues to exit from big cap stocks. In addition, the decline in conglomerate stocks also puts pressure on the IHSG this morning.

"Meanwhile, from a technical perspective, Reyhan said that the IHSG is still in a bearish trend and has not yet reached its bottom."

"The announcement of the Danantara management structure has not significantly impacted the IHSG. The main focus of investors is still on foreign capital movements and the domestic economic conditions," he said to detikcom.

The government will announce the complete structure of Danantara this afternoon, Monday, March 24, 2025. This was confirmed directly by Danantara CEO Rosan Roeslani.

"In addition to Rosan on the Board of Directors, Danantara is reportedly going to have a Supervisory Board, Advisory Board, and Monitoring Board. A series of oversight committees are also being prepared, ranging from the audit committee to the ethics committee."

"Okay, Monday at 12 noon," Rosan firmly answered the question about when the Danantara structure would be announced to the public, encountered at the Presidential Palace Complex, Central Jakarta, Friday (March 21, 2025).

#hargasaham #IHSGambruk #danantara #OLIV #oscarliving #sahamoliv #IHSGmerah #ekonomiindonesia #menujuindonesiaemas2045