Technology Stock Index Awaits New Collaborations and Investments

As 2023 approaches its end, the index encompassing shares of companies in the technology sector has yet to exhibit strength. This performance contrasts with the rebound trend observed in global technology stocks.

Annisa Kurniasari Saumi & Ana Noviani

12 Des 2023 - 20.59
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Technology Stock Index Awaits New Collaborations and Investments

Reflection of an employee's face on a computer screen showing stock movements at a securities company in Jakarta. Photo/JIBI-Arief Hermawan P

Bisnis, JAKARTA — As 2023 approaches its end, the index encompassing shares of companies in the technology sector has yet to exhibit strength. This performance contrasts with the rebound trend observed in global technology stocks.

According to data from the Indonesia Stock Exchange (IDX), the IDX Technology Sector has experienced a decline of 16.31% throughout the current year 2023. This correction aligns with the drop in share prices of technology issuers with significant market capitalization.

In the same period, shares of PT GoTo Gojek Tokopedia Tbk. (GOTO) declined by 5.49%, PT Elang Mahkota Teknologi Tbk. (EMTK) fell by 46.6%, and PT Bukalapak Tbk. (BUKA) decreased by 25.57%.

In contrast, PT Indointernet Tbk. (EDGE) saw an impressive increase of 53.75% year-to-date (YtD) in its share price. Additionally, PT Solusi Sinergi Digital Tbk. (WIFI), PT Sat Nusapersada Tbk. (PTSN), and PT DCI Indonesia Tbk. (DCII) experienced share price appreciation, rising by 23.08%, 22.92%, and 19.01%, respectively, compared to the end of 2022.

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Editor: Aprilian Hermawan
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Technology Stock Index Awaits New Collaborations and Investments

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