What is the Market Capitalization of Indonesian Conglomerates?

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05/04/2017 18:23 WIB

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Market Capitalization of Indonesian Conglomerate Groups

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Market Capitalization of Indonesian Conglomerate Groups

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The Indonesian Composite Stock Price Index (IHSG) surge to 5,650 has boosted the market capitalization of shares owned by Indonesian conglomerates. The market capitalization of Bank Central Asia Tbk (BBCA) and Sarana Menara Nusantara Tbk (TOWR), majority-owned by the Hartono brothers, owners of the Djarum Group, soared 21.54 percent to Rp 205.59 trillion. Robert Budi Hartono and Michael Bambang Hartono are Indonesia's richest individuals according to Forbes, each with a net worth of US$9 billion, or approximately Rp 119 trillion.

Besides the Hartonos, other conglomerates also profited from the increase in the share prices of their companies listed on the Jakarta Stock Exchange. This includes the Saratoga Group owned by Sandiaga Uno and Edwin Soeryajaya, and the MNC Group owned by Hari Tanoe, which also experienced an increase in their market capitalization. In the last week, the IHSG has risen 0.8 percent to 5,651.82, a record high in the history of the Indonesia Stock Exchange (BEI).

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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What is the Market Capitalization of Indonesian Conglomerates?

What is the Market Capitalization of Indonesian Conglomerates?

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What is the Market Capitalization of Indonesian Conglomerates?

What is the Market Capitalization of Indonesian Conglomerates?

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Related Data

Despite Weakening, IDX Composite Remains at the 8,600 Level (Friday, December 5, 2025)

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