JAKARTA – The market capitalization (market cap) in Indonesia’s capital market dropped by 11.68% in February 2025 compared to January 2025. However, the number of listed shares slightly increased during the same period.

According to data from the Indonesia Stock Exchange (IDX) compiled on Wednesday (5/3), the total market cap as of February 2025 was recorded at IDR 10.87 quadrillion, down from IDR 12.31 quadrillion in January 2025. Conversely, the number of listed shares rose by 0.2%, reaching 12 trillion from 11.98 trillion shares.

Meanwhile, the top 50 large-cap stocks posted a total market cap of IDR 8.01 quadrillion, declining by 15.34% from IDR 9.24 quadrillion. The number of listed shares in this group also decreased by 10.66% to 3.35 trillion shares, from 3.75 trillion shares.

Throughout February 2025, the top 10 companies by market cap and their capitalization were as follows:

• PT Bank Central Asia Tbk (BBCA) IDR 1.02 quadrillion
• PT Barito Renewables Energy Tbk (BREN) IDR 819.44 trillion
• PT Bayan Resources Tbk (BYAN) IDR 642.50 trillion
• PT Chandra Asri Pacific Tbk (TPIA) IDR 579.62 trillion
• PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) IDR 504.14 trillion
• PT Amman Mineral Internasional Tbk (AMMN) IDR 474.99 trillion
• PT Bank Mandiri (Persero) Tbk (BMRI) IDR 425.04 trillion
• PT DC Indonesia Tbk (DCII) IDR 276.81 trillion
• PT Dian Swastatika Sentosa Tbk (DSSA) IDR 237.90 trillion. dan
• PT Telkom Indonesia (Persero) Tbk (TLKM) IDR 232.79 trillion.

In contrast, the number of investors in the capital market reached 15 million single investor identifications (SIDs) by the end of January 2025.

Previously, in a press release on Wednesday (5/3), IDX Director of Development Jeffrey Hendrik stated that the potential for investor growth remains large compared to Indonesia's total population.

"IDX will continue to expand the reach of financial education across all segments of society, increase capital market inclusion through strategic collaboration with various stakeholders, and optimize innovative educational programs so that more people can invest safely and sustainably," he said. (LK/ZH)