The president of IDX resigns after two days of strong pressure on the IDX composite IHSG

Jakarta, Thekabarnews.com—The president director of the Indonesia Stock Exchange (BEI/IDX), Iman Rachman, officially announced his resignation. He said that he was to blame for the severe strain that the capital market has been under for the previous two days. The announcement came after the Jakarta Composite Index (JCI) plunged dramatically. Iman announced Friday, January 30. 

He said he made the choice because he felt responsible for how the market has been going lately. 

“I am officially resigning as president director of the BEI. This is my way of taking responsibility for what happened over the last two days,” Iman said.

The resignation comes after the JCI lost a lot of money during a time of severe volatility. This made investors and market workers apprehensive. 

The downturn has put a lot of stress on the domestic capital market. As a result, there have been calls for leaders to be held accountable and for rapid repairs to be made. Iman said he thought his choice would be beneficial for Indonesia’s capital market. Moreover, it would make investors feel more at ease. 

“I hope that with my stepping down, our capital market can become better and move in a better direction,” he said.

Iman stated that the decision aims to enhance long-term recovery efforts and maintain stability in Indonesia’s stock market. This is important even while the economy is still having problems at home and around the world. 

IDX’s management would choose an Acting President Director (Plt.) according to its rules. This is to make sure that the leadership remains the same. Until a new president director is officially chosen through the right means, the interim leader will be in control of day-to-day operations. 

IDX’s management has made it clear that they will continue providing trading and regulatory services during the transition phase. 

“We anticipate that market regulators will closely monitor the situation to prevent further deterioration and safeguard investors’ trust,” the official stated.

Iman’s resignation is an uncommon change in leadership at the IDX during a time of market upheaval. It is certain to get a lot of attention from investors both at home and abroad. 

The event highlights how decisions made by CEOs at major financial institutions may directly affect how individuals feel about the market. This is especially true when the indexes are moving swiftly and the economy is unstable. 

Investors are closely monitoring the progress of this shift. Many are watching whether it could help Indonesia’s stock market stabilize in the next few days.