BisnisIndonesia.id, JAKARTA — The widespread sell-off of conglomerate stocks, which have been the backbone of market capitalization on the Indonesia Stock Exchange (IDX), has become a key factor weighing on the IDX composite index (IHSG) in early 2025.
Historia Bisnis: Jumbo-Cap Stocks Hold Back IHSG from Surpassing 300
The decline in the IHSG was primarily driven by a drop in the shares of major companies, including PT Indah Kiat, PT Inco, PT Japfa, and PT Indorayon.
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