JAKARTA - Market capitalization (market cap) of PT KMI Wire and Cable Tbk (KBLI) has replaced the position of PT Supreme Cable Manufacturing and Commerce Tbk (SCCO) as the company with the highest market cap in cable manufacture sector, as compared from June 27, 2023, to June 28, 2024.

Based on IDNFinancials data today (16/7), KBLI recorded stock price of IDR 374 per share, up 20.64% from IDR 310. Market capitalisation soared to IDR 1.49 trillion from IDR 1.24 trillion. 

Then, PT Sumi Indo Kabel Tbk (IKBI) reported stock price of IDR 432 per share, shifting 101.86% from IDR 214 per share. With this surge, its market cap shot up to IDR 857.54 billion from IDR 261.93 billion.

Meanwhile, former champion amongst the peers, SCCO saw 78.41% decline in its stock price, from IDR 9,175 to IDR 1,980 per share seen on June 28, 2024. Its market cap then slid down significantly from IDR 1.88 trillion to IDR 407.05 billion.

PT Jembo Cable Company Tbk (JECC) also saw a negative shift by 82.125% to IDR 715 per share from IDR 4,000 per share. Its market cap also plummeted to IDR 540.54 billion from IDR 3.02 trillion.

Lastly, PT Comunication Cable Systems Indonesia Tbk (CCSI) reported closing price at IDR 372 per share on June 28, down 42.32% from IDR 645 per share seen last year, bringing down the market cap to IDR 446.39 billion from IDR 773.99 billion. (LK/ZH)