BEI Pushes for Indonesian Stocks to Rejoin MSCI and FTSE Indexes

Indonesia Stock Exchange (BEI) has confirmed it will push for Indonesian stocks to rejoin global MSCI and FTSE Russell indexes. Acting CEO Jeffrey Hendrik said the exchange will engage with potential listed companies to get their shares included in the global indexes, stating, “We will discuss how we can collectively increase the number of listed companies eligible for global indexes, following the rules and providing support.”

He added that BEI is preparing schedules for these discussions with potential issuers, expected to happen soon. “It will be soon, but the exact timing is still being finalised internally,” Hendrik said.

The potential issuers are those meeting global index providers’ market capitalisation criteria and having sufficient liquidity. “We’ll look at companies with market capitalisations in the range that should qualify and good liquidity. Those will be the ones we engage with,” he added.

Hendrik also stated BEI will adhere to the criteria set by global index providers. “We will follow the publicly stated criteria by global index providers regarding eligible companies,” he said.

Notably, on 13 May 2026, MSCI announced the rebalancing of Indonesian stocks, removing five from the MSCI Global Standard Indexes and 13 from the MSCI Small Cap Indexes, effective 29 May 2026. On 23 May 2026, FTSE Russell excluded four Indonesian shares from the FTSE Global Equity Index Series (GEIS), effective 22 June 2026.