The Jakarta Composite Index (IHSG) closed down 0.25% at 6,101.33 on\nTuesday (23\/6). The index was supported by gains in BBRI, which rose\n1.39%, BRPT up 5.35%, and SRAJ surging 8.85%. Conversely, BYAN fell\n9.85%, BBCA corrected 1.61%, and BMRI weakened 2.37%, exerting the most\npressure. Foreign investors recorded a net sell of Rp348.13 billion in\nthe regular market and Rp311.60 billion across all markets. Four of the\neleven sectors closed in the red, with the technology sector suffering\nthe steepest decline of 1.05%, while the healthcare sector posted the\nhighest gain of 3.97%.<\/p>\n
Market sentiment was influenced by the results of MSCI\u2019s annual\nmarket classification review. Amid investor attention on the status of\nIndonesia\u2019s capital market, MSCI decided to maintain Indonesia in the\nEmerging Market category, although certain investability aspects remain\nunder observation. In global markets, major US indices also closed\nlower, with the Dow Jones down 0.09%, the S&P 500 correcting 1.44%,\nand the Nasdaq falling 2.22%. Meanwhile, the EIDO ETF rose 0.41% and the\nMSCI Indonesia index declined 0.44%.<\/p>\n
In its 2026 Market Classification Review, MSCI acknowledged steps\ntaken by regulators and market infrastructure, including enhanced\ntransparency for shareholdings above 1%, implementation of a High\nShareholding Concentration policy, and plans to raise the minimum free\nfloat requirement to 15%. However, MSCI stressed it will continue to\nmonitor the effectiveness of these policies. Should progress be deemed\ninsufficient by November 2026, MSCI may consider initiating a\nconsultation on a potential reclassification of the Indonesian\nmarket.<\/p>\n
On the corporate front, PT Rans Entertainment Indonesia is conducting\nits book building from 23 to 25 June 2026 ahead of its planned listing\non the Indonesia Stock Exchange on 10 July 2026. The media,\nentertainment, and intellectual property management company, which\nboasts over 155 million followers across various social media platforms,\nis offering up to 2.52 billion new shares, representing 20.02% of its\nissued and fully paid capital post-IPO. With an offering price range of\nRp135\u2013Rp170 per share, the company could raise up to Rp429.25 billion.\nThe estimated market capitalisation after the IPO ranges from Rp1.70\ntrillion to Rp2.14 trillion. Proceeds will be used for partial repayment\nof a BNI loan facility (6.98%), construction of the Cipungland project\n(18.64%), operational costs for local and international artist concerts\n(37.60%), establishment of a new AI-based entity with Feedloop Global\nTeknologi (8.15%), acquisition of shares in Rans Kosmetika\nIndonesia\/Slavina (19.80%), and equity participation in subsidiary RNS\nfor business expansion (8.82%).<\/p>\n
Separately, PT ESSA announced a cash dividend of Rp52 per share for\nthe 2025 fiscal year, totalling Rp895.83 billion. This distribution\nexceeds the net profit attributable to owners of the parent entity for\n2025, which was recorded at US$40.29 million (approximately Rp713.93\nbillion), with the shortfall of around Rp181.87 billion to be covered by\nretained earnings. ESSA\u2019s 2025 revenue was US$295.01 million, a 2.12%\ndecline from the previous year\u2019s US$301.40 million, while attributable\nnet profit fell 10.83% to US$40.29 million from US$45.18 million in\n2024. At the closing price of Rp660 per share on 23 June 2026, the\ndividend yield is approximately 7.88%. The cum dividend date in the\nregular and negotiation markets is set for 26 June 2026, with payment\nscheduled for 15 July 2026.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/msci-retains-indonesias-emerging-market-status-key-stocks-to-watch-1782269516", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }