JAKARTA – Market capitalisation of PT Barito Renewable Energy Tbk (BREN) is slipping to the third position out of the top 10 market cap in January 2024 from the runner-up title it secured in December 2023. Its market capitalisation shrank 33.8% from the previous month.

Based on the data compiled by IDNFinancials today (5/2),  PT Bank Central Asia Tbk (BBCA) scored market cap of IDR 1.16 quadrillion in January 2024. It was equal to 10.21% of total market cap of all issuers listed on the capital market of IDR 11.41 quadrillion.

The new runner-up is PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), recording market capitalisation of IDR 855.24 trillion or 7.49% of total market cap in the stock exchange. It shifted positively from December 2023 position of market cap of IDR 858.99 trillion.

BREN, who in December 2023 booked market cap of IDR 1 quadrillion, slid to the third position with market cap of IDR 662.24 trillion recorded in January 2024.

PT Bayan Resources Tbk (BYAN) was stable at the fourth out of top 10 market cap, scoring IDR 656.66 trillion in January 2024. In December 2023, the market cap of this coal mining company was recorded at IDR 663.33 trillion.

The fifth spot belongs to PT Bank Mandiri (Persero) Tbk (BMRI), a state-owned bank with market cap of IDR 614.46 trillion recorded in January 2024, which, in terms of size, had shifted from IDR 559.02 trillion in December 2023. (LK/ZH)