Finance Minister Purbaya Yudhi Sadewa expressed confidence that the Jakarta Composite Index will strengthen next week.
Purbaya made the remarks at the Presidential Palace complex in Jakarta on Friday. He said the index movement could accelerate after hovering around the 5,900 level.
"I think, looking at the technicals, next week it will run fast," he said. Purbaya stressed that the rebound is only a matter of time because national economic fundamentals remain solid.
On Friday afternoon, the index closed up 67.11 points or 1.10 percent at 6,162.05. It had weakened to 5,966.86 before rebounding, supported by energy and basic materials stocks.