Top 10 Largest Listed Companies in Indonesia: New Dominance from Energy & Petrochemical Sectors

🌟 BBCA Still Unshaken at the Top

PT Bank Central Asia Tbk (BBCA) remains the market leader with a capitalization of Rp 1,056 trillion, representing 8.75% of the total market cap on the Indonesia Stock Exchange. Despite rising competition, BBCA continues to be the primary benchmark for index movement.

🏭 Prajogo Pangestu’s Companies Take 2nd and 3rd Place

Strong contenders are emerging from the energy and petrochemical sectors:

• PT Chandra Asri Pacific Tbk (TPIA) ranks second with a market cap of Rp 848 trillion,

• Followed by PT Barito Renewables Energy Tbk (BREN) in third place at Rp 763 trillion.
  Both companies are affiliated with Indonesian energy tycoon Prajogo Pangestu.
  

🏦 Banking Sector Still Holds On, but No Longer in Full Control

Although displaced from the top, two major banks remain in the top 10:

• PT Bank Rakyat Indonesia Tbk (BBRI) with Rp 551 trillion, and

• PT Bank Mandiri Tbk (BMRI) at Rp 438 trillion.
  

📊 Sector Diversification Brings Index Stability

Market analysts agree this trend is a positive sign. A more diversified composition of big-cap stocks is expected to enhance the Jakarta Composite Index (IHSG)'s resilience.
“The more sectors that dominate the top list, the stronger the index will be against market pressure,” stated a senior analyst from a leading securities firm.

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Contact SSA’s research team for data-driven investment strategies tailored to your long-term goals.

This shift in the top 10 largest listed companies indicates that Indonesia's stock market is entering a new phase—more mature and dynamic. For investors, now is the time to reassess portfolios and tap into sectors that may have once been overlooked.

Satra Sinar Abadi Group

In recent years, Indonesia’s capital market has seen a significant shift. While the banking sector previously held uncontested dominance, investors are now witnessing the rise of other sectors—particularly energy and petrochemicals—beginning to claim strategic positions among the largest publicly listed companies.