BCA Reclaims Top Spot as Indonesia’s Most Valuable Listed Company
Jakarta. Bank Central Asia has regained its position as the most valuable listed company on the Indonesia Stock Exchange (IDX), overtaking Barito Renewables Energy in market capitalization rankings.
Data from the exchange as of March 17 showed BCA’s market capitalization reached Rp 827 trillion (about $48.7 billion), surpassing BREN, whose valuation declined to Rp 776 trillion (around $45.7 billion).
The shift in rankings comes as BREN’s shares have dropped 40.21% year to date to Rp 5,800 per share. Shares of BCA have also declined, though less sharply, falling 16.10% over the same period to Rp 6,775.
Following the two companies, Bank Rakyat Indonesia ranked third with a market capitalization of Rp 522 trillion, followed by DCI Indonesia at Rp 498 trillion and Dian Swastatika Sentosa at Rp 474 trillion.
Other major firms in the top 10 include Chandra Asri Pacific (Rp 443 trillion), Bank Mandiri (Rp 437 trillion), Bayan Resources (Rp 422 trillion), Amman Mineral International (Rp 336 trillion), and Telkom Indonesia (Rp 302 trillion).
Overall, total market capitalization on the IDX stood at around Rp 12,500 trillion ($735.8 billion).
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