{
    "success": true,
    "data": {
        "id": 1694979,
        "msgid": "6-issuers-at-risk-of-exiting-lq45-index-if-they-fail-to-meet-these-rules-1776905462",
        "date": "2026-04-23 07:30:44",
        "title": "6 Issuers at Risk of Exiting LQ45 Index If They Fail to Meet These Rules",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesia Stock Exchange (IDX) is set to adjust the criteria for stocks in the LQ45 index by introducing three new aspects: minimum free float, number of trading days, and provisions for high shareholding concentration (HSC). Currently, two issuers, BREN and DSSA, fall under HSC, while five others\u2014BREN, PGEO, ADMR, NCKL, and UNVR\u2014have free float levels below 15%, potentially pressuring their inclusion if the threshold is raised from 10%. These changes will take effect on 4 May 2026, allowing issuers time to comply and maintain their positions in this key benchmark index.",
        "content": "<p>Jakarta, CNBC Indonesia - The Indonesia Stock Exchange (IDX) will\nadjust the criteria for stocks included in the LQ45 index. At least\nthree new aspects will be considered for the index constituents.<\/p>\n<p>The adjustment involves adding three main aspects: minimum free\nfloat, number of trading days, and provisions for stocks with High\nShareholding Concentration (HSC). Apart from these additions, the\nselection criteria for LQ45 index constituents remain unchanged.<\/p>\n<p>Of the total 45 stocks in the LQ45 index, there are two issuers\ncurrently in the HSC category, namely PT Barito Renewables Energy Tbk\n(BREN) and PT Dian Swastatika Sentosa Tbk (DSSA). The presence of stocks\nwith high concentrated ownership is one of the concerns in future index\nevaluations.<\/p>\n<p>Meanwhile, in terms of free float definition and requirements, all\nissuers in the LQ45 index currently meet the minimum 10% threshold.\nHowever, there are five issuers whose positions could be pressured if\nthe free float threshold is raised to 15%.<\/p>\n<p>\u201cThe IDX80 universe must meet a minimum free float ratio of 10% or\nfollow the provisions in the latest IDX Regulation Number I-A and\nCircular Letter Number SE-00004\/BEI\/03-2026, whichever is higher,\u201d as\nquoted from the official announcement on Wednesday (22\/4\/2026).<\/p>\n<p>Referring to data on LQ45 index constituents as of 30 January 2026,\nthe five issuers with free float below 15% include PT Barito Renewables\nEnergy Tbk (BREN) at 11.63%, PT Pertamina Geothermal Energy Tbk (PGEO)\nat 10.24%.<\/p>\n<p>In addition, PT Alamtri Minerals Indonesia Tbk (ADMR) at 12.53%, PT\nTrimegah Bangun Persada Tbk (NCKL) at 14.35%, and PT Unilever Indonesia\nTbk (UNVR) at 14.49%.<\/p>\n<p>Nevertheless, this adjustment will take effect starting 4 May 2026.\nThus, changes in composition or increases in free float by issuers are\nstill possible before the rules are fully implemented.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/6-issuers-at-risk-of-exiting-lq45-index-if-they-fail-to-meet-these-rules-1776905462",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}