JAKARTA (Indonesia Today) – Heavy equipment, mining contractor, and coal producer PT United Tractors (UNTR) Tbk dropped out of Top 10 stocks on Indonesia Stock Exchange (IDX) by market capitalization due to almost 27% fall year-to-date.
UNTR, a subsidiary of bell weather Astra International (ASII), currently has market capitalization of Rp72 trillion, down 26.6% year-to-date, including 3.5% fall this week.
The company’s position has been taken over by Semen Gresik (SMGR), the largest cement producer in Indonesia, with market capitalization of Rp76.2 trillion.
Astra International is still the largest with Rp287.4 trillion or about US$30 billion, followed by HM Sampoerna, Unilever, BCA, Telkom, Bank Mandiri, Bank Rakyat Indonesia, Gudang Garam, and Perusahaan Gas Negara (PGAS).