For three consecutive days, Indonesia's main stock index (IHSG) had to cope with significant losses. On Tuesday (11/06), the index fell 3.50 percent to 4,609.95 points, considerably below its record high level of 5,214 on 20 May 2013. Foreign investors recorded a net sell of IDR 3.98 trillion (USD $406.1 million) as domestic conditions in Indonesia are unstable. Moreover, investors are concerned about governments (USA and Japan) that want to slow down their stimulus programs as various economic data are showing positive outcomes.
Starting from 23 May 2013, foreign investors have mostly been selling their Indonesian stock portfolios. Domestic purchases, however, have remained strong but could not avert a fall of the IHSG. Other emerging Asian countries were also hit by falling stock indices triggered by foreign capital outflows.
Indonesia's big cap companies were the top losers on Tuesday. As foreign investment is particularly centered on the large cap stocks, these companies are hit hardest when foreign confidence wanes. Cement producer Semen Indonesia lost 6.13 percent, telecommunications provider Telekomunikasi Indonesia lost 4.76 percent, and Bank Rakyat Indonesia fell 4.27 percent.
Domestic negative market sentiments are brought on by Indonesia's trade deficit, weak rupiah performance, and uncertainty about the (inflationary) impact - as well as the exact date - of the reduction in subsidized fuel prices.
Last Update: 29 Mar 2021
Indonesia's Top Ten Companies by Largest Market Capitalization
|Company||P: 29 Mar 2021||P: 28 Mar 2021||Gain/Loss||P/E ttm||Yield %||Gain/Loss YTD|
|Bank Central AsiaBBCA||31,800||32,075||-0.86%||N/A||0.00%||-10.36%|
|Bank Rakyat IndonesiaBBRI||4,720||4,720||0.00%||N/A||0.00%||2.16%|
|Perusahaan Gas NegaraPGAS||1,375||1,360||1.10%||N/A||0.00%||-19.35%|
Green colour indicates upward movement
Red colour indicates downward movement
P = price; E = earnings; D = dividend; Yield = D/P
"N/A" indicates P/E < 0 (negative earnings)
"-" indicates E,D,P or YTD is not available