Danantara says it kept buying Indonesian shares after MSCI warning
The state fund reported more purchases after a sell-off, continuing share investments it said began in late 2025. It has not named the stocks or scale.
Indonesia’s state investment fund Danantara says it had bought more listed shares by 22 October after an MSCI warning put the country’s equity market under pressure. Chief investment officer Pandu Sjahrir described the purchases at a 22 October media event, as reported across multiple media outlets. This is continued buying during a fresh sell-off: Sjahrir had already said in February that Danantara had invested in domestic shares since December 2025. That earlier account matters because an October purchase announcement, without a disclosed change in mandate or investment size, is narrower than a new allocation programme.
Sjahrir said Danantara was looking for shares it considered attractive on valuation and growth prospects. He discussed state-owned companies as one area of interest, but did not name the securities the fund had purchased. Readers therefore cannot identify which listed companies’ shares it bought.
Buying after the MSCI warning
MSCI warned that Indonesian equities could be moved to standalone-market status, prompting an equity sell-off. Danantara’s investment chief framed lower share prices as an opportunity to assess risk and potential return. His October comments concern purchases during that market pressure, rather than Danantara’s first entry into listed shares.
For investors, the unanswered question is whether those additional purchases are large enough to affect demand for any company’s shares. The reports do not establish that Danantara bought state-owned shares or that its activity supported the market’s overall price level.
The scale is still undisclosed
Danantara did not identify the tickers, purchase amounts or total spending behind Sjahrir’s account. Public transaction details would show which shares entered its portfolio and whether the October buying was a limited addition or a substantial increase in its equity exposure.
The next decision-useful disclosure is the names and size of the October purchases. Those details would let investors and corporate-finance teams assess whether the buying materially changes demand for particular Indonesian shares.
Source: As reported across multiple media outlets.
