BlackRock’s Buying Spree in Prajogo-Linked Stocks
BlackRock increased its stakes in Prajogo Pangestu-linked stocks amid a JCI slump, becoming a major shareholder in several companies, while Prajogo's wealth declined.
(Bisnis.Com) 01/01/70 07:00 123745
Bisnis.com, JAKARTA — BlackRock Inc., the world’s largest asset manager, aggressively accumulated shares affiliated with Prajogo Pangestu throughout January 2026, even as the Jakarta Composite Index (JCI) suffered massive sell-offs last week.
The benchmark index closed 4.88% lower at 7,922.73 on Monday (2/2/2026), bringing its year-to-date (YtD) decline to 8.38%. The slump also weighed on stocks linked to Indonesia’s wealthiest conglomerate, Prajogo Pangestu, several of which fall into the large-cap category.
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