Following MSCI Announcement, Investors Collectively Sell Off BREN and DSSA Shares

Shares of Dian Swastatika Sentosa (DSSA) and Barito Renewables Energy (BREN) plunged today due to significant selling pressure from investors following the MSCI announcement. Both stocks were impacted after the latest MSCI announcement projected that BREN and DSSA would be removed from the MSCI Global Standard index.

The shares of these conglomerates-owned companies immediately dropped since yesterday’s announcement and continued to deepen today. DSSA traded at Rp 2,510 per share today, a decline of 23.24% compared to Monday’s trading on 20 April 2026 at Rp 3,270 per share before the MSCI announcement.

Meanwhile, BREN shares, which closed at Rp 5,425 per share, experienced a weakening of 17.8% compared to early this week’s trading at Rp 6,600 per share.

Both issuers are known to have faced significant selling pressure from investors after the MSCI announcement. Foreign investors were recorded as collectively and massively offloading BREN and DSSA shares in yesterday’s trading.

MSCI’s decision to execute the removal of HSC issuer in May will trigger a measured foreign portfolio restructuring. The removal of shares like BREN and DSSA is projected to force the liquidation of around Rp 25.5 trillion in passive funds.

With the IHSG position currently at 7,500, the absence of buyers in the negotiation market could force significant price corrections for both shares to find a new equilibrium point.

In absolute calculations from a base of 7,500, the index is projected to correct by around 160 points to the equilibrium area of around 7,340 during the rebalancing execution period.