ASIATODAY.ID, JAKARTA — President Director of the Indonesia Stock Exchange (IDX), Iman Rachman, announced his resignation on Friday, January 30, 2026 taking responsibility for the recent turbulence in Indonesia’s capital market.
Speaking at the IDX Media Center in Jakarta, Iman said his decision was a form of accountability following sharp market volatility over the past two days, which included a steep decline in the benchmark Jakarta Composite Index (IHSG) and temporary trading halts.
“Although market conditions showed signs of improvement this morning, I would like to formally state—without a question-and-answer session—that as President Director of the Indonesia Stock Exchange, and as a form of responsibility for what occurred over the past two days, I hereby resign from my position,” Iman told reporters.
Despite stepping down, Iman expressed optimism about the future of Indonesia’s capital market.
He said he hoped his resignation would help restore confidence and stability.
“I sincerely hope this decision will be the best outcome for the capital market, and that following my resignation, the market will move in a better direction,” he said.
Iman also voiced hope that the rebound seen in Friday’s trading would continue in the coming days.
“Hopefully, the index, which opened stronger this morning, will continue to improve in the days ahead,” he added.
Regarding the leadership transition, Iman said all administrative procedures would follow the provisions set out in the company’s Articles of Association. An acting president director will be appointed in accordance with IDX regulations until a definitive successor is named.
“All administrative matters will proceed in line with our Articles of Association. An interim acting president director will be appointed under existing rules until a new president director is officially selected,” he explained.
In Friday morning’s trading session, the Jakarta Composite Index (IHSG) opened higher by 88.88 points, or 1.08 percent, reaching 8,321.08, after experiencing heavy losses earlier in the week.
The recent market turmoil has drawn attention from policymakers and regulators, with calls for broader evaluation and reform to strengthen the resilience and credibility of Indonesia’s capital market. (AT Network)
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