Jakarta. Indonesia’s repeated record stock-market highs reflect strong investor confidence in the nation’s economic outlook and expectations of faster growth ahead, Finance Minister Purbaya Yudhi Sadewa said on Wednesday.

The minister’s remarks came after the Indonesia Stock Exchange (IDX) hit a historic all-time high of 8,602.1 points, marking one of the strongest market performances in the region this year.

“Investors fundamentally believe that our economy is improving. Future development programs are clearer, and plans that were previously on paper are now being implemented. They expect economic growth to accelerate,” Purbaya told reporters in Jakarta.

He explained that equity valuations are ultimately rooted in corporate performance, and that performance is closely tied to the strength of the national economy. A rapid ascent in stock prices, he said, signals optimism among businesses and financial markets about Indonesia’s future macroeconomic trajectory.

“Maybe economic growth today is not yet that fast, but capital-market investors are forward-looking. They price in expectations of what lies ahead,” he added.

Purbaya said the government is continuing to drive development programs designed to stimulate stronger growth momentum and reinforce investor confidence in the domestic financial market.

“If investors did not believe in the strength of the national economy, the stock index would not have climbed to 8,600,” he said.

Earlier this month, Purbaya expressed optimism that Indonesia’s economy could expand by around 6 percent next year, saying government intervention will help accelerate growth without compromising fiscal responsibility.

The projection is significantly higher than Bank Indonesia’s official forecast, which targets 5.3 percent growth in 2026.

Purbaya also expected fourth-quarter 2025 growth to come in at 5.6-5.7 percent, compared with 5.04 percent in the third quarter. The minister said the economy is showing signs of recovery after earlier concerns that momentum might weaken.