Conglomerate Shares at Risk of Exclusion from MSCI

JAKARTA, KOMPAS.com - A number of large-cap Indonesian shares are at risk of being removed from the Morgan Stanley Capital International (MSCI) index during the May 2026 rebalancing.

Morgan Stanley Capital International (MSCI) is scheduled to announce the results of its global stock index rebalancing on Tuesday (12 May 2026) New York time, or Wednesday (13 May 2026) Indonesian time.

In its latest evaluation, MSCI will also apply special treatment to shares deemed to have high shareholding concentration (HSC).

DSSA and BREN are potential candidates for removal from the Morgan Stanley Capital International (MSCI) index. Both fall into the category of high shareholding concentration, which has now become a major issue in the global index evaluation.

“Shares of BREN and DSSA could be excluded from the MSCI index as early as the May 2026 rebalancing,” said Nafan when contacted by Kompas.com on Tuesday morning.

Not only that, several other shares are also at risk of exclusion from the index due to a decline in the free float Foreign Inclusion Factor (FIF) based on disclosures of share ownership above 1 per cent according to PT Kustodian Sentral Efek Indonesia (KSEI). These shares include PT Amman Mineral Internasional Tbk (AMMN), PT Petrindo Jaya Kreasi Tbk (CUAN), and PT Charoen Pokphand Indonesia Tbk (CPIN).

“Shares that could be removed from the MSCI index due to low FIF based on disclosures of shareholders above 1 per cent according to KSEI are AMMN, CUAN, and CPIN,” he explained.