10 Most Profitable Stocks in a Week, Media and Banks are Targeted

JAKARTA – During the trading week of 19-23 August 2024, the Composite Stock Price Index ( IHSG ) experienced an increase of 1.51 percent to 7,544 from 7,432 at the close of last week.

In contrast to the IHSG, the Indonesia Stock Exchange (IDX) recorded 10 stocks that rose quite significantly throughout the week of the stock exchange, with PT Tempo Inti Media Tbk (TMPO) soaring up to 125.68 percent.

For sectoral indices that strengthened this week were the energy sector 1.07 percent, industry 3.92 percent, non-cyclical consumer 0.94 percent, cyclical consumer 4.72 percent, health 1.10 percent, financial 2.50 percent, property & real estate 1.56 percent, transportation & logistics 1.73 percent. While those that weakened were the raw materials sector 0.21 percent, technology 0.88 percent, infrastructure 0.55 percent.

Based on IDX data, Saturday (8/24/2024), the first rank of top gainers this week was achieved by PT Tempo Inti Media Tbk (TMPO) which rose 125.68 percent to Rp167 per share. In addition to TMPO, there are 301 stocks that rose above 2 percent this week with a market capitalization reaching Rp5,047 trillion.

Following TMPO, there are 9 other issuers that experienced similar strengthening. Here are the 10 most profitable stocks / top gainers of the week:

1. PT Tempo Inti Media Tbk (TMPO) rose 125.68 percent to Rp167 from Rp74.

2. PT Green Power Group Tbk (LABA) rose 75.32 percent to IDR 540 from IDR 308.

3. PT Trimuda Nuansa Citra Tbk (TNCA) strengthened 74.10 percent to IDR 242 from IDR 139.