Jakarta, November 12, 2026 — The Indonesian government on Thursday said the domestic stock market remained resilient amid ongoing political developments, particularly Vice President Gibran Rakabuming Raka’s resignation, pointing to gains in the Indonesia Stock Exchange (IDX) Composite Index during the day’s trading session.
At Thursday’s close, the IDX Composite stood at 5,250.89, up 2.66 percent from the previous day’s closing level. A total of 496 stocks advanced, while transaction value reached Rp12 trillion (approximately USD 657.68 million).
Acting Deputy I of the Government Communications Agency (GCA) Fithra Faisal Hastiadi said the index’s gains reflected resilient domestic market activity, supported by the government’s commitment to ensuring a healthy democratic environment and protecting investor interests.
“The government ensures that political dynamics proceed through constitutional mechanisms so that institutional stability, the continuity of governance and the sustainability of economic development programs remain safeguarded,” Fithra said in a statement.
He added that the index’s gains could also reflect growing investor confidence in the government, as Gibran’s resignation announcement had helped ease uncertainty surrounding recent political developments.
Gibran submitted his resignation letter to President Prabowo Subianto at 10:15 a.m. on Thursday, shortly before submitting it to the People’s Consultative Assembly (MPR), following intensified questions over his eligibility for office earlier this week.
Following the resignation announcement, the government said it would focus on consultations with the MPR to determine the process for selecting Gibran’s successor as vice president, in accordance with Article 8 paragraph (2) of the 1945 Constitution.
The provision stipulates that, in the event of a vacancy in the office of vice president, the MPR must convene a session within 60 days to elect a successor from two candidates nominated by the president.
“The market has confidence in the government, seeing that the situation has become clearer and more stable without any gray areas—and what the market favors most in this case is clarity,” Fithra said.
He added that positive sentiment surrounding Gibran’s resignation had offset investor concerns over an announcement earlier that day by global index provider Morgan Stanley Capital International (MSCI) regarding its index rebalancing.
Fithra said the government was committed to sustaining the domestic stock market’s upward momentum through governance reforms and consistent policy coordination.
“This momentum needs to be followed by strengthening transparency, governance and capital market integrity to maintain investor confidence,” he said.
