Index

Stock Index

The Indonesia Stock Exchange (IDX) actively continues to innovate in the development through providing stock indices that can be used by all participants in Indonesia capital market. The index book "IDX Stock Index Handbook" contains a concise overview of the indices provided by the IDX.

Document Name

Version

Publish Date

Download

IDX Stock Index Handbook

1.2

05-04-2021

(Click Here)

Currently the Indonesia Stock Exchange has 38 stock indices, as below:

No.

Index Name

Description

1

IDX Composite/ Indeks Harga Saham Gabungan (IHSG)

An index that measures the stock price performance of all listed companies in Main Board and Development Board of the Indonesia Stock Exchange.

2

IDX80

An index that measures the stock price performance of 80 stocks with relatively large market capitalization, high liquidity, and good fundamentals.

3

LQ45

An index that measures the stock price performance of 45 stocks with relatively large market capitalization, high liquidity, and good fundamentals.

4

IDX30

An index that measures the stock price performance of 30 stocks with relatively large market capitalization, high liquidity, and good fundamentals.

5

IDX Quality30

An index that measures the stock price performance of 30 stocks that historically have relatively high profitability, good solvency, and stable profit growth with high trading liquidity and good financial performance.

6

IDX Value30

An index that measures the stock price performance of 30 stocks that have relatively low price valuations with high trading liquidity and good fundamentals.

7

IDX Growth30

An index that measures the stock price performance of 30 stocks that have a growth trend in stock prices relative to net profit and revenue with high trading liquidity and good fundamentals.

8

IDX ESG Leaders

An index that measures price performance of stocks that become leaders in ESG rating and do not have significant controversies selected from stocks with high trading liquidity and good financial performance. The ESG rating and controversy analysis is developed by Sustainalytics.

9

IDX High Dividend 20

An index that measures the stock price performance of 20 stocks that have distributed cash dividends every year over the past 3 years and have relatively high dividend yields.

10

IDX BUMN20

An index that measures the stock price performance of 20 stocks of BUMNs (State-Owned Enterprises), BUMDs (Municipal-Owned Enterprises) and their affiliates with relatively large market capitalization and high liquidity.

11

Indonesia Sharia Stock Index (ISSI)

An index that measures the stock price performance of all listed stocks in Main Board and Development Board of the IDX that included on Sharia Securities List issued by the Financial Services Authority.

12

Jakarta Islamic Index 70 (JII70)

An index that measures the stock price performance of 70 sharia stocks with relatively large market capitalization and high liquidity.

13

Jakarta Islamic Index (JII)

An index that measures the stock price performance of 30 sharia stocks with relatively large market capitalization and high liquidity.

14

IDX-MES BUMN 17

Index that measures the stock price performance of 17 sharia stocks of State-Owned Enterprises of Indonesia (SOEs) and their affiliates with high liquidity and large market capitalization. IDX-MES BUMN 17 is joint collaboration between Indonesia Stock Exchange (IDX) and The Islamic Economic Society / Masyarakat Ekonomi Syariah (MES).

15

IDX Small-Mid Cap (SMC) Composite

An index that measures the stock price performance of listed stocks that have small and medium market capitalization.

16

IDX Small-Mid Cap (SMC) Liquid

An index that measures the stock price performance of stocks that have small and medium market capitalization and selected through certain criteria including liquidity and fundamentals .

17

KOMPAS100

An index that measures the stock price performance of 100 stocks with relatively large market capitalization, high liquidity, and good fundamentals.
KOMPAS100 is a jointly developed index with Kompas Gramedia Group, an Indonesia media corporation.

18

BISNIS-27

An index that measures the stock price performance of 27 stocks selected by the Index Committee of Bisnis Indonesia based on fundamental and technical criteria.
BISNIS-27 is a jointly developed index with PT Jurnalindo Aksara Grafika, an Indonesia media company (publisher of Bisnis Indonesia daily newspaper).

19

MNC36

An index that measures the stock price performance of 36 stocks selected by MNC Group that have large market capitalization and good fundamental performance.
MNC36 is a jointly developed index with Media Nusantara Citra (MNC) Group, an Indonesia media corporation.

20

Investor33

An index that measures the stock price performance of 33 stocks, selected by PT Media Investor Indonesia, through the technical and fundamental analysis and meet certain criteria.
Investor33 is a jointly developed index with PT Media Investor Indonesia, an Indonesia media company (publisher of Bisnis Indonesia daily newspaper).

21

infobank15

An index that measures the stock price performance of 15 leading banks with relatively good fundamentals, large market capitalization and high liquidity.
infobank15 is a jointly developed index with PT Info Artha Pratama, an Indonesia media company (publisher of infobank magazine).

22

SMinfra18

An index that measures the stock price performance of 18 stocks selected from the infrastructure main sector, infrastructure supporting sector, and infrastructure financing sector (from the banking sector) selected based on certain criteria.
SMinfra18 is a jointly developed index with PT Sarana Multi Infrastruktur (Persero) (SMI).

23

SRI-KEHATI

An index that measures the stock price performance of 25 listed companies, selected by KEHATI Foundation, that have good performance in encouraging sustainable businesses, as well as having an awareness of the environment, social, and good corporate governance or called Sustainable and Responsible Investment (SRI).
SRI-KEHATI is a jointly developed index with the Indonesian Biodiversity Foundation (KEHATI Foundation).

24

PEFINDO25

An index that measures the stock price performance of 25 stocks of small and medium enterprises (SME) that have relatively good growth potential selected by PEFINDO based on financial performance and stock trading liquidity.
PEFINDO25 is a jointly developed index with PT Pemeringkat Efek Indonesia (PEFINDO), an Indonesia credit rating agency.

25

PEFINDO i-Grade

An index that measures the stock price performance of 30 stocks that received an investment grade rating (idAAA to idBBB-) from PEFINDO and selected by PEFINDO through certain criteria.
PEFINDO i-Grade is a jointly developed index with PT Pemeringkat Efek Indonesia (PEFINDO), an Indonesia credit rating agency.

26

IDX Main Board Index

An index that measures the stock price performance of all stocks listed in the Main Board of Indonesia Stock Exchange.

27

IDX Development Board Index

An index that measures the stock price performance of all stocks listed in the Development Board of Indonesia Stock Exchange.

28

IDX Sector Energy (IDXENERGY)

Each sector index measures the price performance of all stocks in each sector which refers to the classification of  IDX Industrial Classification (IDX-IC).

Please click the following links for more information:

29

IDX Sector Basic Materials (IDXBASIC)

30

IDX Sector Industrials (IDXINDUST)

31

IDX Sector Consumer Non-Cyclicals (IDXNONCYC)

32

IDX Sector Consumer Cyclicals (IDXCYCLIC)

33

IDX Sector Healthcare (IDXHEALTH)

34

IDX Sector Financials (IDXFINANCE)

35

IDX Sector Properties & Real Estate (IDXPROPERT)

36

IDX Sector Technology (IDXTECHNO)

37

IDX Sector Infrastructures (IDXINFRA)

38

IDX Sector Transportation & Logistic (IDXTRANS)

 

Fact Sheet of All Stock Indices


List of IDX’ Indices with the Index Name, Launch Date, Base Date and Base Value

No.

Index Name

Launch Date

Base Date

Base Value

1

IDX Composite/ Indeks Harga Saham Gabungan (IHSG)

04-04-1983

01-04-1983

100

2

LQ45

01-02-1997

13-07-1994

100

3

Jakarta Islamic Index (JII)

03-07-2000

02-01-1995

100

4

Board Index
(Main and Development)

08-04-2002

28-12-2001

100

5

KOMPAS100

13-07-2007

02-01-2002

100

6

BISNIS-27

27-01-2009

28-12-2004

100

7

PEFINDO25

18-05-2009

29-12-2005

100

8

SRI-KEHATI

08-06-2009

28-12-2006

100

9

Indeks Saham Syariah Indonesia/ Indonesia Sharia Stock Index (ISSI)

12-05-2011

31-12-2007

100

10

IDX30

23-04-2012

28-12-2004

100

11

infobank15

07-11-2012

03-01-2005

100

12

SMinfra18

31-01-2013

30-12-2004

100

13

MNC36

28-08-2013

28-12-2007

100

14

Investor33

21-03-2014

30-12-2008

100

15

IDX SMC Composite

21-12-2017

30-01-2009

100

16

IDX SMC Liquid

21-12-2017

30-01-2009

100

17

PEFINDO i-Grade

21-12-2017

28-12-2012

100

18

IDX High Dividend 20

17-05-2018

30-01-2009

100

19

IDX BUMN20

17-05-2018

30-01-2009

100

20

Jakarta Islamic Index 70 (JII70)

17-05-2018

29-05-2009

100

21

IDX80

01-02-2019

31-01-2012

100

22

IDX Value30

12-08-2019

30-01-2014

100

23

IDX Growth30

12-08-2019

30-01-2014

100

24

IDX Quality30

10-08-2020

04-02-2014

100

25

IDX ESG Leaders

14-12-2020

04-02-2014

100

26

IDX Sector Energy

25-01-2021

13-07-2018

1.000

27

IDX Sector Basic Materials

25-01-2021

13-07-2018

1.000

28

IDX Sector Industrials

25-01-2021

13-07-2018

1.000

29

IDX Sector Consumer Non-Cyclicals

25-01-2021

13-07-2018

1.000

30

IDX Sector Consumer Cyclicals

25-01-2021

13-07-2018

1.000

31

IDX Sector Healthcare

25-01-2021

13-07-2018

1.000

32

IDX Sector Financials

25-01-2021

13-07-2018

1.000

33

IDX Sector Properties & Real Estate

25-01-2021

13-07-2018

1.000

34

IDX Sector Technology

25-01-2021

13-07-2018

1.000

35

IDX Sector Infrastructures

25-01-2021

13-07-2018

1.000

36

IDX Sector Transportation & Logistic

25-01-2021

13-07-2018

1.000

37

IDX-MES BUMN 17

29-04-2021

30-12-2015

100


List of IDX’s Indices based on The Method of Calculation

No. Method Index Name
1 Market Capitalization Weighted Indeks Harga Saham Gabungan (IHSG)
Indeks Papan Pencatatan (Utama & Pengembangan)
Indeks Saham Syariah Indonesia (ISSI)
Indeks Sektoral (IDX-IC)
IDX SMC Composite
2 Capped Free Float Adjusted Market Capitalization Weighted Average Jakarta Islamic Index (JII)
KOMPAS100
BISNIS-27
PEFINDO25
SRI-KEHATI
infobank15
MNC36
Investor33
IDX SMC Liquid
Jakarta Islamic Index 70 (JII70)
SMinfra18
IDX BUMN20
PEFINDO i-Grade
LQ45
IDX30
IDX80
IDX Value30
IDX Growth30
IDX-MES BUMN 17
3 Capped Dividend Yield Adjusted Free-Float Market Capitalization Weighted IDX High Dividend 20
4 Capped Free Float Adjusted Market Capitalization Weighted + Quality Factored IDX Quality30
5 Capped Free Float Adjusted Market Capitalization Weighted + ESG Tilt factor IDX ESG leaders

 

Index Evaluation Schedule

No

Index Name

Evaluation Month Cap

Counterpart

J

F

M

A

M

J

J

A

S

O

N

D

1.

IDX80

M 1   m 1   M 1   m 1   9%

 

2.

LQ45

M 1   m 1   M 1   m 1   15%

 

3.

IDX30

M 1   m 1   M 1   m 1   15%

 

4.

IDX Quality30

M 3   m 3   M 3   m 3   15%

 

5.

IDX Value30

M 3   m 3   M 3   m 3   15%

 

6.

IDX Growth30

M 3   m 3   M 3   m 3   15%

 

7.

IDX ESG Leaders

  M w3   m w3   M w3   m w3 15%

Sustainalytics

8.

IDX BUMN20

M 3   m 3   M 3   m 3   15%

 

9.

KOMPAS100

M 1   m 1   M 1   m 1   9%

Kompas Gramedia Group

10.

IDX SMC Composite

M 3         M 3         -

 

11.

IDX SMC Liquid

M 3   m 3   M 3   m 3   9%

 

12.

PEFINDO25

M 1   m 1   M 1   m 1   15%

PT PEFINDO

13.

IDX High Dividend 20

M 3   m 3   M 3   m 3   15%

 

14.

SMinfra18

m 1   M 1   m 1   M 1   15%

PT SMI (Persero)

15.

BISNIS-27

m 1   M 1   m 1   M 1   15%

PT Jurnalindo Aksara Grafika

16.

MNC36

m 1   M 1   m 1   M 1   15%

MNC Group

17.

SRI-KEHATI

  m 1   M 1   m 1   M 1 15%

Yayasan KEHATI

18.

Indeks Saham Syariah Indonesia (ISSI)

        M 1         M 1 -

 

19.

Jakarta Islamic Index 70 (JII70)

  m 1   M 1   m 1   M 1 9%

 

20.

Jakarta Islamic Index (JII)

  m 1   M 1   m 1   M 1 15%

 

21.

IDX -MES BUMN 17

  m 1   M 1   m 1   M 1 20%

Masyarakat Ekonomi Syariah (MES)

22.

Investor33

  m 1   M 1   m 1   M 1 15%

PT Media Investor Indonesia

23.

PEFINDO i-Grade

1   m 1   M 1   m 1   M 20%

PT PEFINDO

24.

infobank15

1   m 1   M 1   m 1   M 20%

PT Info Artha Pratama

Description:

Major Evaluation (M): aims to select stock index constituents for the next period and adjusting the number of shares for the index and / or the weight of the constituents.
Minor evaluation (m): aims to adjust the number of shares for the index and / or the weight of the constituents without selecting the index constituents for the next period.
Effective at first exchange day (1)
Effective at third exchange day (3)

Effective at third wednesday exchange day (w3)
Effective at last exchange day of the period (t)


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