JAKARTA - PT Bank Central Asia Tbk (BBCA) has reclaimed its title as the company with the highest market capitalisation in Indonesia Stock Exchange (IDX) last Friday (31/5), following the sudden drop of stock price of PT Barito Renewables Energy Tbk (BREN). In May 2024, market cap of this bank slipped to the runner-up position of Top Market Cap, defeated by BREN.

Based on the data compiled by IDNFinancials today (3/6), BBCA reported market cap of IDR 1.12 quadrillion as of May 31 after securing price increase of IDR 250 per share to IDR 9,250. It is further driven by BREN’s shrinkage of 36.77% throughout last week (27-31/5). BBCA’s market cap, however, slipped IDR 70 trillion from market cap on April 30, 2024, of IDR 1.19 quadrillion, and down IDR 100 trillion from March 2024.

On the other hand, BREN was seen declining IDR 130 trillion to IDR 1.10 quadrillion as of May 31 from its market cap of IDR 1.23 trillion as of April 30. The price went down IDR 1,000 per share to IDR 8,225 compared to IDR 9,225 per share seen in late April 2024. However, its market cap in May 2024 was still superior to its market cap on March 28 of IDR 719.10 trillion. (LK)