February 1, 2026 | 09:56 am
TEMPO.CO, Jakarta - The Indonesian Financial Services Authority (OJK) will continue to monitor market conduct to anticipate “hot stocks”—stocks that move due to manipulation. Acting Chair and Deputy Chair of the Board of Commissioners of the Financial Services Authority (OJK) Friderica Widyasari Dewi said that major cases would be handled with law enforcement measures that would serve as a deterrent.
“As well as strengthening market conduct supervision, including of influencers,” she said at a press conference at Wisma Danantara on Saturday, January 31, 2026.
The statement was made after four high-ranking OJK officials and the President Director of the Indonesia Stock Exchange (IDX) resigned on Friday, January 30, 2026. Their resignations came after the Composite Stock Price Index (IHSG) plummeted on January 28-29, due to sentiment from Morgan Stanley Capital International (MSCI).
Friderica said the OJK would coordinate with other stakeholders for comprehensive reform in the capital market. Going forward, improvements will be made to the quality of issuers and traded shares, financial literacy will be increased, and investors, especially in the retail sector, will be better protected.
“We will also continue to improve liquidity and market depth through a policy of increasing the minimum free float to 15 percent, optimizing the role of liquidity providers, and increasing the role of institutional investors, particularly government-owned pension funds,” she said.
Previously, the government planned to demutualize the IDX to reduce conflicts of interest between exchange management and members. This effort is expected to be completed in the first half of this year.
The improvements also meet the target set by MSCI by May 2026, to avoid downgrading the Indonesian capital market's status from an emerging market to a frontier market. The institution also requested greater transparency in share ownership to minimize the potential for price manipulation.
Read: IDX: Market Capitalization Decreases by Rp1,198 Trillion in a Week
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