Indonesian President Absent from IDX Opening for Second Year

Continuity in Presidential Absence

For the second consecutive year, Indonesian President Prabowo Subianto was absent from the Indonesia Stock Exchange (IDX) opening ceremony on January 2, 2026. The ceremony was conducted at the IDX building in Jakarta and was attended by several high-ranking officials ¹

Government Representation at IDX Opening

The opening ceremony was attended by key government and financial sector representatives, including Finance Minister Purbaya Yudhi Sadewa, DPR RI Commission XI Chairman Mukhamad Misbakhun, OJK Commissioner Mahendra Siregar, Bank Indonesia Governor Perry Warjiyo, and IDX Director Iman Rachman. Their presence underscored the government's continued support for the capital market despite the President's absence ¹

Reason for Presidential Absence

According to Finance Minister Purbaya Yudhi Sadewa, President Prabowo Subianto was absent due to his ongoing visit to disaster areas in Aceh. The Minister emphasized that the President's visit demonstrated his commitment to addressing national issues while maintaining support for economic development through the capital market ¹

Market Performance on Opening Day

Despite the President's absence, the Indonesian capital market showed positive performance on the opening day. The Composite Stock Price Index (IHSG) opened at 8,676 and later rose to 8,684, representing a 0.43% increase. The market saw Rp 522.07 billion in transactions involving 875.61 million shares traded across 94,540 transactions. Of these, 350 stocks rose, 131 declined, and 204 remained unchanged ¹

Market Sentiment and Outlook

The positive market performance on the opening day was maintained throughout the morning session, with the IHSG moving between 8,676 and 8,692. The market's weekly and monthly performances also showed positive trends, with 0.43% weekly growth and 1.57% monthly growth. This performance indicates continued investor confidence in the Indonesian capital market ¹

Official Reactions to Presidential Absence

OJK Executive Head Inarno Djajadi stated that the President's presence was not crucial for the market's opening, emphasizing that the government's support for the capital market was more important than the President's physical presence. IDX Director Iman Rachman mentioned that he had not received specific information about the President's absence ¹