Check 20 Indonesian Stocks Entering the FTSE Index, Which Are Worth Buying?

Jakarta, CNBC Indonesia – Starting next Monday or September 20, 2021 to be exact, the FTSE Global Equity Index Asia Pacific ex Japan ex China Regional will have 20 new shares from Indonesia.

Of the 20 stocks, actually there are those that have gone up, some have fallen, and indeed some have just entered. An example that has been promoted is PT Bank Syariah Indonesia Tbk (BRIS) from small cap Becomes large cap. Meanwhile, the caste down is PT Semen Indonesia Tbk (SMGR) from large cap Becomes mid cap.

The inclusion of these 20 stocks into the calculation of the FTSE index is clearly a positive catalyst. This is because the shares that are included in the index will be purchased while those issued tend to be sold off.

New stocks that enter this FTSE index in the short term are likely to earninflowfunds frompassive fundswho use this index as a reference for their investment.

So are the 20 stocks that are included in the calculation of this bona fide index still worthy of collection? Let’s review!

Of the 20 stocks, 3 entered the agriculture sector, 2 banking, 2 cement, 2 manufacturing, 2 multi-finance, 2 restaurant and food industry sectors, 2 pharmaceuticals, 3 real estate, 1 media and 1 utility.

If you look at the prices of most of these new constituents, year to date (ytd) still experienced a sharp decline. Only 8 experienced an increase in market capitalization value.

Of the 8 that are still positive, the price performance is three giving money bagger. These three stocks are PT BRI Agroniaga Tbk (AGRO) in third position, PT MNC Studios International Tbk (MSIN) as runner up and as the winner, PT Damai Sejahtera Abadi Tbk (UFOE) has recently been listed on the stock exchange.

Most of the other stocks experienced a decline in price of more than 10% at the same time. Here, the CNBC Indonesia Research Team summarizes the performance of stock prices that are included in the calculation of the new FTSE index.

NEXT: What are the Entry Considerations?

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