BCA’s Market Cap Surpasses Barito Renewables as BREN Shares Weaken

The market capitalization of PT Bank Central Asia Tbk. (BBCA), a key entity under Djarum Group, has overtaken that of PT Barito Renewables Energy Tbk. (BREN), owned by Prajogo Pangestu. As of now, BBCA’s market cap stands at Rp1.141 trillion, surpassing BREN, which has declined to Rp1.124 trillion.

According to data from the Indonesia Stock Exchange (IDX), BBCA has outpaced BREN’s market capitalization since Monday (February 3, 2025). While BBCA's market cap remains stable at Rp1.141 trillion, BREN’s market cap has dropped from Rp1.207 trillion to Rp1.124 trillion due to a sustained downturn in its share price over the past week.

Over the past week, BREN’s stock has plunged 22.16%, falling to Rp7,025 per share from Rp9,025 per share at the previous week’s close. This decline has also impacted the total market capitalization of the Indonesia Stock Exchange, pushing it below Rp12,000 trillion. Throughout the week, the exchange’s total market capitalization dropped 5.87% to Rp11,595 trillion, down from Rp12,319 trillion in the previous week.

PANI Drops Out of Top 10 Market Cap List, Replaced by Astra International

Shares of PT Pantai Indah Kapuk Dua Tbk. (PANI) have been knocked out of the top 10 companies by market capitalization. Previously, the Aguan-owned company held the 10th position, with a market cap of Rp195 trillion.

However, PT Astra International Tbk. (ASII) has now taken its place, boasting a market capitalization of Rp188 trillion. Over the past week, PANI’s stock declined by 4.32%, closing at Rp11,075 per share, with its market cap shrinking to Rp186.99 trillion, just Rp1 trillion behind ASII.

Meanwhile, the Jakarta Composite Index (IHSG) also faced downward pressure, slipping below the 7,000 level. According to IDX Acting Corporate Secretary I Gusti Alit Nityaryana, IHSG dropped 5.16% this week, closing at 6,752.57, down from 7,109.19 in the previous week.

Despite the market downturn, average daily transaction value rose 7.22%, reaching Rp12.08 trillion, compared to Rp11.27 trillion the previous week.