Referring to Announcement of Indonesia Stock Exchange (IDX) No. Peng-00105/BEI.POP/05-2024 dated 27 May 2024, PT Selamat Sempurna Tbk (SMSM) is pleased to announce the Company is part of the SRI - KEHATI Index in Indonesia Stock Exchange (IDX) for the period of 3 June to 29 November 2024.
Short brief about SRI - KEHATI Index
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).
The SRI-KEHATI Index calculation method uses the Capped Free-Float Adjusted Market Capitalization Weighted Average. This index uses the free float market capitalization as the weight by imposing a capping on a stock in the highest index of 15% at the time of evaluation. IDX sets the base date for the SRI-KEHATI Index on December 28, 2006 with a base value of 100.
IDX will conduct 2 types of periodic evaluations of the SRI-KEHATI Index, which are Major Evaluations which include evaluations of constituents and readjustments to the weight of stocks in the index. Next is the Minor Evaluation which only includes a readjustment of the weight of stocks in the index. Major Evaluation of the SRI-KEHATI Index will be conducted at the end of May and November, which will be effective every first Exchange Day in June and December. Minor evaluations for the index are carried out at the end of February and August, which will then be effective every first Exchange Day in March and September.