Last week, I discussed the composition of the ten largest Indonesian companies by market capitalization. For this week's column I have decided to zoom in on the performance of Indonesia's main stock index (IHSG), which has been highly volatile in the last week. It seems like its trend for the upcoming short-term has changed from an upward into a sideward trend. While the Dow Jones Index has been setting new records, the IHSG is showing some signs of fatigue.
David Sutyanto is currently a research analyst at First Asia Capital in Jakarta where his main task is to deliver technical and fundamental analyses of Indonesia's capital markets. David holds a Certified Securities Analyst (CSA) certificate, and two licenses: a Broker Dealer Representative (WPPE) and an Investment Manager Representative (WMI). He is also an active member of the Securities Analysts Association of Indonesia (Asosiasi Analis Efek Indonesia). David studied economics at the Gunadarma University, which received the award for best private university in Indonesia.
|Institute|| First Asia Capital
|Position|| Research Analyst
|Expertise|| Stock Market | Technical Analysis | IDR Rupiah
Kolom ditulis David Sutyanto
Last week, I provided a basic introduction to investments in Indonesia's capital markets. Now, I will devote my column to the ten largest Indonesian companies by market capitalization. But first let me explain why I take the ten largest companies? Well, simply because these ten companies account for 43.71 percent of Indonesia's total market capitalization. In other words, they reflect almost half of the current condition of the country's capital markets.
This column is the first in a series of columns about investing in Indonesia, in particular about investing in its capital markets. These columns are written by David Sutyanto, research analyst at First Asia Capital, and - as this column is the starting point - he will provide a short and broad outline of the Indonesian capital markets for now. Later, his columns will contain topics that delve more deeply into the capital markets, such as listed companies, and much more.