74% of Indonesia’s listed companies post profits amid market pressure
The financial regulator reported 15.9 per cent revenue growth and Rp1.5 trillion in sanctions over coordinated trading.
Indonesia’s Financial Services Authority (OJK) said 74 per cent of the country’s 962 listed companies recorded profits in the second quarter of 2026, despite stock-market pressure linked to concerns over a possible MSCI downgrade.
OJK chair Friderica Widyasari Dewi told a cabinet meeting at the State Palace in Jakarta that listed-company revenue increased 15.9 per cent, accompanied by growth in net profit. She said those results demonstrated strong economic and corporate fundamentals, arguing that share-market weakness did not reflect companies’ operating performance.
The market turbulence comes amid concerns that MSCI could move Indonesia from emerging-market status to standalone status. Friderica said the regulator was working to strengthen market integrity alongside the contrast between corporate results and pressure on stocks.
OJK’s reforms, under way since January 2026, cover transparency, liquidity, enforcement and cooperation between institutions. Friderica acknowledged concerns that enforcement had not been sufficiently tough.
She said OJK had imposed Rp1.5 trillion in sanctions on parties involved in coordinated trading, describing the penalty as among the largest in Indonesia’s capital-market history. The regulator also suspects two other companies of engaging in market manipulation.
