Jakarta, CNBC Indonesia – Domestic investors can be proud, because since the beginning of the year The Composite Stock Price Index (JCI) recorded an appreciation of 1.96% to the level of 6,096.54
Even so, you may find it strange because portfolio share bluechip you feel it does not increase or even decrease not in line with the movement of the JCI.
Apparently this happened because the increase in the JCI since the beginning of the year was not supported by high-end stocks. Even stocks bluechip tend to be severely corrected and become a weighting JCI.
This can be seen from the LQ45 reference index which contains stocks with high liquidity and good business prospects where the majority of the constituents are stocks. bluechip. Since the beginning of the year, the LQ45 index has corrected 13.40%.
The following are the weighting stocks of the LQ45 index whose market capitalization has lost the most due to the massive correction of their shares since the beginning of the year.
The top 5 LQ45 shares, whose market capitalization has been eroded by the most this year, have made investors lose Rp 297.4 trillion.
Decrease market cap The most massive was recorded by PT Unilever Indonesia Tbk (UNVR) which has collapsed badly this year 40.1% and has made UNVR’s market capitalization collapse by Rp 112.5 trillion since the beginning of the year. Currently, the market capitalization of UNVR is ‘only’ remaining Rp. 167.8 trillion.
Then in the second position came the name of the state-owned bank PT Bank Rakyat Indonesia Tbk (BBRI) which although ‘only’ corrected 10.3% but took second place because its market capitalization fell by Rp. 53 trillion.
Despite the decline, BBRI still ranks second in stock with the largest market capitalization on the Indonesian stock exchange with a total of market cap IDR 461.3 trillion.
In the second position, another consumer issuer operating in the cigarette sector emerged, namely PT HM Sampoerna Tbk (HMSP). Three-quarters of the same amount as UNVR, which fell due to the decline in people’s purchasing power, which affected consumer stocks, HMSP has also corrected 30.2% this year and caused its market capitalization to fall by Rp 52.9 trillion. Currently, HMSP has market cap amounting to Rp 122 trillion.
In the fourth position came the name of the issuer of the automotive magnate PT Astra International Tbk (ASII) whose shares have fallen 20% since the beginning of the year. This caused ASII’s market capitalization to fall by Rp 48.7 trillion and only Rp 195.1 trillion remained.
Finally, another name for the Red Plate Banking emerged, namely PT Bank Mandiri Tbk (BMRI) which, although it only fell by 10.3%, its market capitalization plunged to Rp. 30.3 trillion and the remaining Rp. 264 trillion and became the stock with the 4th largest market capitalization in the country. .
CNBC INDONESIA RESEARCH TEAM
(trp/trp)
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