6 Removed, Here is the List of Indonesian Stocks Still Holding in MSCI
Jakarta, CNBC Indonesia - Global index provider Morgan Stanley Capital International (MSCI) has decided to remove six large- and mid-cap Indonesian stocks and there will be no addition of new stocks. This is the result of the periodic review for May 2026.
The adjustment to the constituents is scheduled to take effect at the close of trading on 29 May 2026 or will apply from 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, the 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.
This change has historically acted as a catalyst influencing the direction of foreign funds in the domestic market, thus always receiving special attention from capital market players.
The removal of these big and mid-cap stocks will trigger portfolio adjustments by global investment managers. The change will also be followed by index mutual funds and passive Exchange Traded Funds (ETFs) that use MSCI as a benchmark.
So, what are the remaining stocks in the MSCI index? Below is the list of issuers in the MSCI Global Standard Indexes May 2026.
MSCI Global Standard Index - May 2026
PT Astra International Tbk. (ASII)
PT Bank Central Asia Tbk. (BBCA)
PT Bank Negara Indonesia (Persero) Tbk. (BBNI)
PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI)
PT Bank Mandiri (Persero) Tbk. (BMRI)
PT Bumi Resources Minerals Tbk. (BRMS)
PT Barito Pacific Tbk. (BRPT)
PT Charoen Pokphand Indonesia Tbk. (CPIN)
PT GoTo Gojek Tokopedia Tbk. (GOTO)
PT Telkom Indonesia (Persero) Tbk. (TLKM)
PT United Tractors Tbk. (UNTR)
MSCI Small Cap Index - May 2026
PT Alamtri Resources Indonesia Tbk. (ADRO)
PT Adaro Andalan Indonesia Tbk. (AADI)
PT AKR Corporindo Tbk. (AKRA)
PT Sumber Alfaria Trijaya Tbk. (AMRT)
PT Bank Jago Tbk. (ARTO)
PT Avia Avian Tbk. (AVIA)
PT Bank Tabungan Negara (Persero) Tbk. (BBTN)
PT BFI Finance Indonesia Tbk. (BFIN)
PT Bukalapak.com Tbk. (BUKA)
PT Bumi Resources Tbk. (BUMI)
PT Cimory Group Tbk. (CMRY)
PT Ciputra Development Tbk. (CTRA)
PT Elang Mahkota Teknologi Tbk. (EMTK)
PT ESSA Industries Indonesia Tbk. (ESSA)
PT Energi Mega Persada Tbk. (ENRG)
PT XLSMART Telecom Sejahtera Tbk. (EXCL)
PT MD Entertainment Tbk. (FILM)
PT Gudang Garam Tbk. (GGRM)
PT Medikaloka Hermina Tbk. (HEAL)
PT Vale Indonesia Tbk. (INCO)
PT Indofood Sukses Makmur Tbk. (INDF)
PT Indah Kiat Pulp & Paper Tbk. (INKP)
PT Indocement Tunggal Prakarsa Tbk. (INTP)
PT Indo Tambangraya Megah Tbk. (ITMG)
PT Japfa Comfeed Indonesia Tbk. (JPFA)
PT Jasa Marga (Persero) Tbk. (JSMR)
PT Kalbe Farma Tbk. (KLBF)
PT MNC Land Tbk. (KPIG)
PT MAP Aktif Adiperkasa Tbk. (MAPA)
PT Mitra Adiperkasa Tbk. (MAPI)
PT Merdeka Copper Gold Tbk. (MDKA)
PT Medco Energi Internasional Tbk. (MEDC)
PT Dayamitra Telekomunikasi Tbk. (MTEL)
PT Perusahaan Gas Negara Tbk. (PGAS)
PT Bukit Asam Tbk. (PTBA)
PT Petrosea Tbk. (PTRO)
PT Pakuwon Jati Tbk. (PWON)
PT Raharja Energi Cepu Tbk. (RATU)
PT Rukun Raharja Tbk. (RAJA)
PT Semen Indonesia (Persero) Tbk. (SMGR)
PT Transcoal Pacific Tbk. (TCPI)
PT Sarana Menara Nusantara Tbk. (TOWR)
PT Solusi Sinergi Digital Tbk. (WIFI)