Press Release IDX-PEFINDO Prime Bank for The Period of January 1, 2025 - June 30, 2025

IDX-PEFINDO Prime Bank Index Constituents for the Period January to June 2025

PEFINDO and the Indonesian Stock Exchange (IDX) have conducted a major review, which takes place every six months in December and June. The results of this review will be valid for the next six months. The analysis used PEFINDO rating data and stock trading data from banking sector companies owned by the IDX. The following companies are constituents of the IDX-PEFINDO Prime Bank Index for the period of January to June 2025:

          (*) New member of IDX-PEFINDO Prime Bank for January 2025 – June 2025.

IDX-PEFINDO Prime Bank Maintains Solid Performance

The Indonesian stock market throughout 2024 faces pressure due to relatively slower domestic economic growth and less conducive external conditions. The latest economic data releases show a continued slowdown in the Indonesian economy, along with the achievement of third-quarter growth in 2024 which only reached 4.95% YoY after growing 5.05% YoY in the previous quarter. On the other hand, Trump's victory raised concerns about the trade war and more inward-looking policies from the United States, which have driven uncertainty in international financial markets and contributed to a stronger dollar. This external sentiment, combined with profit-taking by foreign investors, has driven foreign capital outflows from developing countries, including from the Indonesian capital market.

IDX-PEFINDO Prime Bank, which is one of the benchmark indices of the banking sector in Indonesia and consists of major banks as its constituents, is also not immune from the pressure. However, IDX-PEFINDO Prime Bank is still able to maintain a relatively solid performance compared to other similar indices.

Looking at performance since the base date (January 3, 2017), the IDX-PEFINDO Prime Bank Index has displayed stronger performance compared to other reference indexes on the IDX, as well as indexes focused on the financial and banking sector, such as the Jakarta Composite Index (JCI), LQ45 index, IDX30 index, IDX Financial Sector index, and Infobank15 index. The rate of return of the IDX-PEFINDO Prime Bank Index as of December 30, 2024, when compared to the value on its base date (January 3, 2017) has reached 111.16%. This return value outperforms the IHSG, LQ45, IDX30, IDX Sector Financial, and Infobank15, which each performed 34.19%, -6.41%, -11.06%, 76.60%, and 84.00%. From this comparison, it can be seen that the IDX-PEFINDO Prime Bank Index is very good at generating alpha compared to other benchmark indices on the IDX.