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

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IDX Stock Index Handbook

1.0

25-02-2020

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Currently the Indonesia Stock Exchange has 34 stock indices, as below:

No.

Index Nam

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 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.

6

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.

7

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.

8

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.

9

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.

10

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.

11

Jakarta Islamic Index (JII)

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

12

IDX Small-Mid Cap (SMC) Composite

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

13

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 .

14

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.

15

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).

16

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.

17

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).

18

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).

19

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).

20

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).

21

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.

22

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.

23

IDX Main Board Index

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

24

IDX Development Board Index

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

25

IDX Agriculture Sector Index

An index that measures the performance of all stocks in the Agriculture Sector based on the Jakarta Stock Industrial Classification (JASICA).

26

IDX Mining Sector Index

An index that measures the performance of all stocks in the Mining Sector based on the Jakarta Stock Industrial Classification (JASICA).

27

IDX Basic Industry and Chemicals Sector Index

An index that measures the performance of all stocks in the Basic Industry and Chemicals Sector based on the Jakarta Stock Industrial Classification (JASICA).

28

IDX Miscellaneous Industry Sector Index

An index that measures the performance of all stocks in the Miscellaneous Industry Sector based on the Jakarta Stock Industrial Classification (JASICA).

29

IDX Consumer Goods Industry Sector Index

An index that measures the performance of all stocks in the Consumer Goods Industry Sector based on the Jakarta Stock Industrial Classification (JASICA).

30

IDX Property, Real Estate, and Building Construction Sector Index

An index that measures the performance of all stocks in the Property, Real Estate, and building Construction Sector based on the Jakarta Stock Industrial Classification (JASICA).

31

IDX Infrastructure, Utilities, and Transportation Sector Index

An index that measures the performance of all stocks in the Infrastructure, Utilities, & Transportation Sector based on the Jakarta Stock Industrial Classification (JASICA).

32

IDX Finance Sector Index

An index that measures the performance of all stocks in the Finance Sector based on the Jakarta Stock Industrial Classification (JASICA).

33

IDX Trade, Service, and Investment Sector Index

An index that measures the performance of all stocks in the Trade, Service, and Investment Sector based on the Jakarta Stock Industrial Classification (JASICA).

34

IDX Manufacturing Sector Index

An index that measures the performance of all stocks in three sectors: (1) Basic Industry and Chemicals, (2) Miscellaneous Industry, and (3) Consumer Goods Industry, based on the Jakarta Stock Industrial Classification (JASICA).

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

Sectoral Indices

02-01-1996

28-12-1995

100

3

LQ45

01-02-1997

13-07-1994

100

4

Jakarta Islamic Index (JII)

03-07-2000

02-01-1995

100

5

Board Index
(Main and Development)

08-04-2002

28-12-2001

100

6

KOMPAS100

13-07-2007

02-01-2002

100

7

BISNIS-27

27-01-2009

28-12-2004

100

8

PEFINDO25

18-05-2009

29-12-2005

100

9

SRI-KEHATI

08-06-2009

28-12-2006

100

10

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

12-05-2011

31-12-2007

100

11

IDX30

23-04-2012

28-12-2004

100

12

infobank15

07-11-2012

03-01-2005

100

13

SMinfra18

31-01-2013

30-12-2004

100

14

MNC36

28-08-2013

28-12-2007

100

15

Investor33

21-03-2014

30-12-2008

100

16

IDX SMC Composite

21-12-2017

30-01-2009

100

17

IDX SMC Liquid

21-12-2017

30-01-2009

100

18

PEFINDO i-Grade

21-12-2017

28-12-2012

100

19

IDX High Dividend 20

17-05-2018

30-01-2009

100

20

IDX BUMN20

17-05-2018

30-01-2009

100

21

Jakarta Islamic Index 70 (JII70)

17-05-2018

29-05-2009

100

22

IDX80

01-02-2019

31-01-2012

100

23

IDX Value30

12-08-2019

30-01-2014

100

24

IDX Growth30

12-08-2019

30-01-2014

100

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

No.

Method

Index Name

1

Market Capitalization Weighted Average

 

IDX Composite/ Indeks Harga Saham Gabungan (IHSG)

Sectoral Indices

Jakarta Islamic Index (JII)

Board Index
(Main and Development)

KOMPAS100

BISNIS-27

PEFINDO25

SRI-KEHATI

Indonesia Sharia Stock Index (ISSI)

infobank15

MNC36

Investor33

IDX SMC Composite

IDX SMC Liquid

Jakarta Islamic Index 70 (JII70)

2

Capped Market Capitalization Weighted Average

SMinfra18

IDX BUMN20

PEFINDO i-Grade

3

 

 

 

 

Capped Free Float Adjusted Market Capitalization Weighted Average


 

 

 

 

LQ45

IDX30

IDX80

IDX Value30

IDX Growth30

4

Capped Dividend Yield Adjusted Free-Float Market Capitalization Weighted

IDX High Dividend 20

Index Evaluation Schedule

Major Evaluation 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 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.

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