JAKARTA - PT Amman Mineral Internasional Tbk (AMMN)'s market capitalization (market cap) climbed to the top three in Top Market Capitalization as of May 2024. Since March 2024, this issuer's market cap has consistently grown from fifth to fourth position in April 2024.

Data compiled by IDN Financials, Thursday (6/6), AMMN posted a market cap of IDR 875.65 trillion as of May 2024, up 24.48% from the market cap of IDR 703.42 trillion as of April 2024. In March 2023, this issuer recorded a market cap IDR 634.53 billion. From March to May 2024, this issuer's market cap grew 38%.

The issuer’s movement to the top three positions shifted state-owned bank issuers (BUMN). Apart from PT Bank Central Asia Tbk (BBCA), the market cap of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) IDR 651.18 trillion and PT Bank Mandiri (Persero) Tbk (BMRI) IDR 545.16 trillion fell to fifth and sixth position at top market cap. Meanwhile PT Chandra Asri Pasific Tbk (TPIA) rose to fourth place with a market cap of IDR 793.74 trillion, replacing AMMN which rose to the top three market cap positions.

Previously, PT Barito Renewables Energy Tbk (BREN), a business line of the Prajogo Pangestu Group, was at the top of the market cap in April 2024. BREN was replaced by BCA after its share price dropped in a week (27-31/5). BREN's market cap dropped to IDR 400 trillion, bringing its position to second place in the top market cap. (LK/LM)