The PEFINDO i-Grade Index Constituents Semester 2-2026 Period

The PEFINDO i-Grade Index Constituents Semester 2-2026 Period

PEFINDO, together with the Indonesia Stock Exchange (IDX), has determined the constituents of the PEFINDO i-Grade Index in the major evaluation for the period of July-December 2026. 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 July to December 2026::

PEFINDO i-Grade Index: Maintaining Long-Term Stability Beneath the Turbulence of Indonesia's Capital Market

Throughout the first half of 2026, Indonesia's capital market exhibited highly pressured dynamics, influenced by simultaneous external and domestic factors. Market pressures stemmed primarily from growing global investor concerns about the transparency of share ownership structures on the domestic exchange, which led global index providers to freeze rebalancing and triggered sharp corrections in major indices at the start of the year. This situation was further compounded by negative sentiment stemming from uncertainty about a hawkish global monetary policy, escalating geopolitical tensions, and massive portfolio sell-offs by foreign investors. Entering mid-year, market conditions began to show signs of stabilization as relevant authorities responded aggressively with policy measures, including strengthening share ownership transparency, adjusting free-float requirements, and enhancing investor classification standards. These structural reform measures gradually began to rebuild market participants' confidence, both domestic and foreign. Amid still-elevated index volatility, the fundamentals of the domestic capital market remained intact, reflected in significant growth in the number of investors, maintained daily transaction liquidity, and most listed companies continuing to record positive financial performance. In this context, the PEFINDO i-Grade Index recorded a relatively more stable long-term performance compared to other benchmark indices such as the IHSG, LQ45, SRI-KEHATI, and IDX30, reflecting the resilience of high-credit-rated stocks in navigating market dynamics.

Since the base date (December 28, 2012), the performance of the PEFINDO i-Grade Index has consistently outperformed other benchmark stock indices on the Indonesia Stock Exchange. The return performance of the PEFINDO i-Grade has remained consistently superior to all four other benchmark indices. As of end-June 2026, the PEFINDO i-Grade delivered a cumulative return of 30.62%, while the IHSG, LQ45, IDX30, and SRI-KEHATI recorded returns of 30.73%, -24.75%, -15.58%, and 19.52%, respectively, over the same period.

A Glance About PEFINDO i-Grade Index

The PEFINDO Investment Grade Index (PEFINDO i-Grade Index) is a stock price index comprising listed companies from the Indonesian Stock Exchange (IDX) that have received an investment grade rating from PT Pemeringkat Efek Indonesia (PEFINDO). Investment Grade is a rating given by PEFINDO to companies with a rating of idAAA to idBBB-. The constituents of the PEFINDO i-Grade index are selected based on the investment grade rating by PEFINDO, legal aspects, market capitalization, and liquidity. The base day of the PEFINDO i Grade Index is December 28, 2012, with a base value of 100. The PEFINDO i-Grade Index is calculated by the IDX using the Market Capitalization Weighted Average method. The IDX, together with PEFINDO, consistently reviews the constituents of the PEFINDO i-Grade Index every 6 (six) months, namely in June and December. The PEFINDO i-Grade Index is expected to provide investors with an overview of the stock price performance of companies with investment-grade ratings over a certain period to provide a reference (benchmark) for Indonesian capital market players.