6 Indonesian Stocks Booted from MSCI, Exchange Boss Gives Unexpected Response
Jakarta, CNBC Indonesia - The Indonesia Stock Exchange (BEI) has welcomed the results of the periodic review by Morgan Stanley Capital International (MSCI) for May 2026. BEI’s Acting President Director, Jeffrey Hendrik, stated that the MSCI rebalancing announcement is a positive development for the Indonesian capital market.
This is because the market has been facing very high uncertainty stemming from various factors, including global and regional volatility, and anticipation of the MSCI decision.
“And one of those uncertainty factors is the market awaiting the MSCI decision. Therefore, we certainly see that what MSCI announced today reduces one element of uncertainty. That is undoubtedly something positive for the market,” Jeffrey said during a press conference at the BEI Building on Wednesday (12/5/2026).
According to him, MSCI’s assessment of the Indonesian stock market also serves as a foundation for growing together with all market participants.
“And that was also mentioned earlier as the basis for our future growth. Certainly together with MSCI and all market participants,” he added.
Jeffrey assessed that the correction in the Composite Stock Price Index (IHSG) during the morning trading session today, following the MSCI announcement, is a consequence of the capital market improvement efforts. Nevertheless, he views that one source of uncertainty has now been resolved.
“We may already understand together that what was announced earlier is a short-term consequence of the reform actions we have undertaken,” Jeffrey emphasised.
The global index provider, Morgan Stanley Capital International (MSCI), has decided to remove six large and mid-cap Indonesian stocks and add no new stocks. This is the result of the periodic review for May 2026.
These constituent adjustments are scheduled to take effect from the close of trading on 29 May 2026 or will apply on 1 June 2026.
The six stocks include PT Amman Mineral Internasional Tbk. (AMMN), PT Barito Renewables Energy Tbk. (BREN), PT Chandra Asri Pacific Tbk. (TPIA), PT Dian Swastatika Sentosa Tbk. (DSSA), PT Petrindo Jaya Kreasi Tbk. (CUAN), and PT Sumber Alfaria Trijaya Tbk. (AMRT).
However, AMRT stock has been included in the MSCI Global Small Cap Indexes. Meanwhile, 13 Indonesian stocks have been removed from the MSCI small cap index.
These changes have historically acted as a catalyst influencing the direction of foreign funds in the domestic market, thus always receiving special attention from capital market participants.