Press Release PEFINDO i-Grade Index for The Perod of January 1, 2025 - June 30, 2025
30 Dec 2024PEFINDO together with the Indonesia Stock Exchange (IDX) have determined the constituents of the PEFINDO i-Grade Index in the major evaluation for the period of January to June 2025. Based on the results of the analysis using the PEFINDO rating data as well as stock trading data from companies rated by PEFINDO, the following are the companies that are constituents of the PEFINDO i-Grade Index from January to June 2025:
Figure 1. Constituents of PEFINDO i-Grade for January - June 2025 |
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No. |
Ticker |
Company Name |
Corporate Rating |
1 |
BBCA |
Bank Central Asia Tbk. |
idAAA |
2 |
BBNI |
Bank Negara Indonesia (Persero) Tbk. |
idAAA |
3 |
BBRI |
Bank Rakyat Indonesia (Persero) Tbk. |
idAAA |
4 |
BMRI |
Bank Mandiri (Persero) Tbk. |
idAAA |
5 |
BNGA |
Bank CIMB Niaga Tbk. |
idAAA |
6 |
BNII* |
Bank Maybank Indonesia Tbk. |
idAAA |
7 |
BRIS |
Bank Syariah Indonesia Tbk. |
idAAA |
8 |
BRPT |
Barito Pacific Tbk. |
idA+ |
9 |
BSDE |
Bumi Serpong Damai Tbk. |
idAA |
10 |
DSNG |
Dharma Satya Nusantara Tbk. |
idA |
11 |
DSSA* |
Dian Swastatika Sentosa Tbk. |
idAA |
12 |
HEAL |
Medikaloka Hermina Tbk. |
idAA |
13 |
INKP |
Indah Kiat Pulp and Paper Tbk. |
idA+ |
14 |
ISAT |
Indosat Tbk. |
idAAA |
15 |
JSMR |
Jasa Marga (Persero) Tbk. |
idAA |
16 |
MAYA* |
Bank Mayapada Internasional Tbk. |
idBBB+ |
17 |
MBMA |
Merdeka Battery Materials Tbk. |
idA |
18 |
MDKA |
Merdeka Copper Gold Tbk. |
idA+ |
19 |
MEDC |
Medco Energi Internasional Tbk. |
idAA- |
20 |
MFIN |
Mandala Multifinance Tbk. |
idAAA |
21 |
MTEL* |
Dayamitra Telekomunikasi Tbk. |
idAAA |
22 |
MYOR |
Mayora Indah Tbk. |
idAA |
23 |
PNBN |
Bank Pan Indonesia Tbk. |
idAA |
24 |
PTPP |
Pembangunan Perumahan (Persero) Tbk. |
idA |
25 |
PTRO* |
Petrosea Tbk. |
idA+ |
26 |
SMDR |
Samudera Indonesia Tbk. |
idA+ |
27 |
SMGR |
Semen Indonesia (Persero) Tbk. |
idAAA |
28 |
SMRA |
Summarecon Agung Tbk. |
idA+ |
29 |
TLKM |
Telkom Indonesia (Persero) Tbk. |
idAAA |
30 |
TPIA |
Chandra Asri Pacific Tbk. |
idAA- |
(*) New member of PEFINDO i-Grade for January 2025 – June 2025. |
PEFINDO i-Grade Index Maintains Resilience Amid External Pressures
Throughout 2024, the Indonesian capital market experienced significant pressure due to less conducive external sentiment. The tension of geopolitical conflicts in several regions of the world that is still high, the uncertainty of economic policies in developed countries arising from the Super-Election year phenomenon, and the tight monetary policy that was still maintained until the end of the third quarter have put pressure on the Indonesian capital market. Even until the end of 2024, the "strong dollar" phenomenon that emerged due to the policies of the President-elect of the United States (US), Donald Trump, who is more inward-looking, still hurts the domestic capital market. Despite facing this pressure, the PEFINDO i-Grade index, which is a rating-based index from PEFINDO, was still able to show good resilience by being able to maintain its performance compared to the IHSG, LQ45, SRI-KEHATI, and IDX30 which are also broad-based indices.
Since the base date period (December 28, 2012), the performance of the PEFINDO i-Grade Index has consistently outperformed other benchmark stock indices on the Indonesia Stock Exchange. It is recorded that the return performance of PEFINDO i-Grade is still consistently outperforming the other four indices. PEFINDO i-Grade was able to provide a return of 105.66%, while the return levels of IHSG, LQ45, IDX30, and SRI-KEHATI were 64.01%, 12.46%, 13.75%, and 62.39% respectively during the same period.