IDX ENERGY being the Best Performing Stock Index

IDX Energy rebounded into positive territory in early June, marking a 1.14% increase on Monday (3/6/2024). This surge adds to its cumulative rise of 11.05% throughout the year 2024. The performance of this index contrasts with the Jakarta Composite Index (IHSG), which has weakened by 3.25% (YtD).

Annisa Kurniasari Saumi

4 Jun 2024 - 19.16
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IDX ENERGY being the Best Performing Stock Index

Indonesia Stock Exchange

Bisnis, JAKARTA — Despite the market's volatility in the first five months of 2024, the IDX Sector Energy index has managed to remain in positive territory. Amidst these challenging conditions, several stocks related to coal, renewable energy, and fuel distribution are still deemed interesting for investors to monitor closely.

This index, comprising stocks in the coal and oil sectors, has recorded a 9.79% increase from the beginning of the year until the end of May 2023. Continuing this trend, IDX Energy returned to positive gains in early June, rising by 1.14% on Monday (3/6/2024), accumulating a total increase of 11.05% throughout the year 2024.

The performance of IDX Energy stands in contrast to the IHSG, which has weakened by 3.25% year-to-date (YtD). IDX Energy is one of three sectoral indexes that have turned green YTD, along with the IDX Basic Materials Sector, which rose by 8.34%, and the IDX Healthcare Sector, which experienced a slight growth of 1.32%.

Furthermore, IDX Energy's performance has shifted direction from a decline of 7.48% in 2023. This appreciation in the index is aligned with the increase in share prices of key players, including PT Dian Swastatika Sentosa Tbk. (DSSA) by 163.75%, PT Adaro Energy Indonesia Tbk. (ADRO) by 23.11%, and PT Perusahaan Gas Negara Tbk. (PGAS) by 40.71%. 

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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.