July 2024 saw IDX market cap grew 2.02% mtm to IDR 12.33 quadrillion
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JAKARTA – Indonesia Stock Exchange (IDX) reported market capitalisation growth of 2.02% month-to-month (mtm) to IDR 12.33 quadrillion at the end of July 2024 from IDR 12.09 quadrillion seen on June 30, 2024.
PT Bank Central Asia Tbk (BBCA) and PT Barito Renewables Energy Tbk (BREN) frequently swapped the top market cap position in the stock market.
Based on IDX data compiled by IDNFinancials today (5/8), BBCA reported market cap of IDR 1.25 quadrillion in July 2024, equal to 10.16% of total market cap in IDX as of July 31, 2024. This number brought BBCA to the top position, reigning over 934 issuers listed in the stock exchange.
At the runner-up spot, loomed BREN with total market cap of IDR 1.24 quadrillion, equal to 9.38% of total market cap of July 2024. This market cap shift pushed down BREN from the top spot in June 2024 with total market cap of IDR 1.34 quadrillion or 11.15% of total market cap.
Then, PT Amman Mineral Internasional Tbk (AMMN) arrived at the third spot with market cap of IDR 857.52 trillion, pushing down PT Chandra Asri Petrochemical Tbk (TPIA) to the fourth spot with market cap of IDR 834.83 billion. Both’s market cap represent 9.38% and 6.95% of total market cap in July 2024
Lastly, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) managed to stay at the fifth spot, with market cap of IDR 700.70 trillion or 5.68% of total market cap in the stock exchange. In June 2024, this Indeks52 constituent reported market cap of IDR 690.19 trillion. (LK/ZH)