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Press Release PEFINDO i-Grade Index for The Perod of January 1, 2025 - June 30, 2025

Press Release PEFINDO i-Grade Index for The Perod of January 1, 2025 - June 30, 2025

30 Dec 2024

PEFINDO 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

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.