Finance Minister Purbaya Yudhi Sadewa predicts the Composite Stock Price Index (IHSG) will break 9,000 by the end of 2025, based on a 25-year historical trend. The projection was made at the Sarasehan 100 Ekonom Indonesia in Jakarta on October 28, 2025. However, the IHSG closed lower that day amid global market concerns.
At the Sarasehan 100 Ekonom Indonesia event in Jakarta on Tuesday (October 28, 2025), Finance Minister Purbaya Yudhi Sadewa expressed confidence that the IHSG would reach 9,000 by the end of 2025. "End of this year (IHSG) how much? 9,000. Ten years from now how much? 32,000," he said. The projection is based on a 25-year historical trend, where the stock index can grow four to five times in one business cycle.
Purbaya emphasized that his calculation is not mere speculation. "So, I'm not guessing guava, not meditating. That's economic calculation with mathematical equations," he stated. He also highlighted the IHSG's current level at 8,000, despite earlier predictions of weakening. Investors, he noted, actively analyze government policies to determine stock portfolios. To instill optimism, Purbaya often says, "Indeks to the moon, I say. That creates optimism too."
On the same day, the IHSG closed down 24.52 points or 0.30 percent at 8,092.63. The LQ45 index fell 1.92 points or 0.23 percent to 822.61. This movement was influenced by external factors such as the meeting between US President Donald Trump and Japanese PM Sanae Takaichi, which resulted in a framework agreement for rare earth mineral supplies and a US investment package worth $550 billion. Domestically, gold price corrections drove profit-taking in gold-based commodity stocks, along with weakening blue-chip and conglomerate shares.
Based on the IDX-IC Sectoral Index, the property sector rose 3.28 percent, followed by health at 2.65 percent and technology at 1.65 percent. Conversely, the industrial sector fell 1.00 percent, primary consumer goods 0.89 percent, and finance 0.69 percent. Trading volume reached 2,308,793 transactions with 30.21 billion shares worth Rp19.83 trillion; 341 stocks rose, 309 fell, and 159 were unchanged.
