BYAN saw 13.80% jump in market cap in November 2024
JAKARTA - PT Bayan Resources Tbk (BYAN) booked market capitalisation increase of 13.80% within the past month. However, PT Bank Central Asia Tbk (BBCA) steadily reigns over Top 10 Market Cap with IDR 1.22 quadrillion.
Based on IDNFinancials data today (2/12), BYAN recorded market cap of IDR 652.50 trillion as of November 29, 2024, up from IDR 573.33 trillion in October 31, 2024. This then drove its position to the fourth place of Top 10 Market Cap from the initial seventh, forcing PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) down to the fifth place.
BYAN showed positive stock performance amongst the other nine blue-chip stocks in the list, namely BBCA, PT Barito Renewable Energy Tbk (BREN), PT Chandra Asri Pacific Tbk (TPIA), BBRI, PT Amman Mineral Internasional Tbk (AMMN), PT Bank Mandiri (Persero) Tbk (BMRI), PT Dian Swastatika Sentosa Tbk (DSSA), PT Telkom Indonesia (Persero) Tbk (TLKM), and PT Pantai Indah Kapuk Dua Tbk (PANI).
BREN remained steady at the second place although its market cap shrank to IDR 886.33 trillion from IDR 909.74 trillion.
AMMN’s position, however, shifted upward to the third place despite its declining market cap to IDR 652.66 trillion from IDR 665.34 trillion.
Meanwhile, BBRI saw decreases in position as well as market cap, from IDR 720.20 trillion to IDR 637.58 trillion.
At the sixth place, TPIA posted market cap of IDR 601.25 trillion, down from IDR 756.97 trillion, followed by BMRI’s market cap that slipped to IDR 568.25 trillion from IDR 619.08 trillion.
DSSA sat at the eighth place, scoring market cap of IDR 279.90 trillion, also down from IDR 343.66 trillion. TLKM followed at the ninth place, also reporting a decrease in market cap from IDR 279.35 trillion to IDR 268.45 trillion.
Lastly, at the tenth, PANI’s market cap stood at IDR 262.53 trillion, down from IDR 271.82 trillion in the previous month. (LK/ZH)