JAKARTA – Stocks owned by Prajogo Pangestu’s Barito Group have demonstrated promising prospects in the capital market. Three out of five of the group's companies have recorded positive stock growth year-to-date (ytd) from the beginning of the year to Friday (6/12).

According to data compiled by IDN Financials on Friday (6/12), the three companies in question are PT Barito Renewables Energy Tbk (BREN), PT Chandra Asri Pacific Tbk (TPIA), and PT Petrosea Tbk (PTRO). The other two companies, on the other hand, PT Barito Pacific Tbk (BRPT) and PT Petrindo Jaya Kreasi Tbk (CUAN), experienced stock declines.

Additionally, the five Barito Group companies collectively account for a market capitalization of IDR 1.91 quadrillion, which represents 15.96% of the total market cap of approximately IDR 12 quadrillion. This is a significant portion, shared alongside other prominent tycoons such as Salim Group, Low Tuck Kwong, Sinar Mas Group, the Sariaatmadja family, and others.

At the top of the stock performance list is PTRO, whose stock surged 342.73% to IDR 25,125 from IDR 5,675 per share, with a market cap of IDR 24 trillion. In second place, TPIA saw its shares rise by 41.66% to IDR 8,825 from IDR 5,700 per share, with a market cap of IDR 724.23 trillion. Third, BREN's stock increased by 8.55% to IDR 8,250 from IDR 7,600 per share, with a market cap of IDR 1 quadrillion.

Meanwhile, BRPT's stock dropped 29.81% to IDR 970 from IDR 1,382 per share, with a market cap of IDR 87.18 trillion, and CUAN shares fell by 38.01% to IDR 7,500 from IDR 12,100 per share, with a market cap of IDR 80.66 trillion.