Complete List of Stocks to be Removed from the FTSE Index
Global index provider FTSE Russell has announced the removal of three Indonesian issuers from the FTSE Global Equity Index Series (GEIS). This adjustment is part of the quarterly review effective from 22 June 2026.
In the latest announcement, PT GoTo Gojek Tokopedia Tbk (GOTO) and PT Trimegah Bangun Persada Tbk (NCKL) have been removed from the Equity Index Series Mid Cap Index. Additionally, PT BUMA Internasional Grup Tbk (DOID) and PT Nusantara Sejahtera Raya Tbk (CNMA) have been removed from the FTSE Global Equity Index Series Micro Cap Index.
According to the announcement released on 1 June 2026, the removals were conducted because these stocks have entered the Development Board of the Indonesia Stock Exchange (IDX), which does not meet the market segment criteria required for inclusion in the GEIS based on the June 2026 Indonesia market review. “Because these securities are listed on the Indonesia Stock Exchange Development Board, which is a market segment that does not qualify for GEIS,” FTSE stated in its announcement on Tuesday (2/6/2026).
FTSE also emphasised that the list of changes remains subject to revision until the close of trading on 5 June 2026. After 8 June 2026, index changes will be considered final, unless extraordinary circumstances necessitate further adjustments during the quarterly review effective 22 June 2026.
Previously, FTSE Russell announced the results of the quarterly review for the June 2026 edition of the FTSE Global Equity Index Series (GEIS). Four Indonesian stocks were removed from the index, with no new issuers added. These changes will take effect on Monday, 22 June 2026, following the close of trading on Friday, 19 June 2026.
According to the FTSE Russell announcement, PT Dian Swastatika Sentosa Tbk (DSSA) was removed from the Large Cap category. Meanwhile, there were no changes to the Mid Cap or Small Cap categories. DSSA was removed from the Large Cap GEIS category due to high shareholding concentration (HSC).
In the Micro Cap category, FTSE removed three issuers simultaneously: PT Diastika Biotekindo Tbk (DAAZ), PT Hillcon Tbk (HILL), and PT Mulia Industrindo Tbk (MLIA).
FTSE Russell has previously stated that if a company becomes subject to a shareholding concentration warning from stock and financial authorities—where the floating shares are controlled by only a few parties—the stock will be removed from the index in the following review. “To ensure the integrity and replicability of the index, FTSE Russell will remove securities affected by zero pricing in the June 2026 review, effective from the market opening on Monday, 22 June 2026,” the official announcement stated. This “zero pricing” policy is typically applied by FTSE to stocks of bankrupt companies still in the index, or stocks that have been suspended for a long time or are subject to sanctions, making them difficult to trade.