FTSE Russell Drops Four Indonesian Issuers From June 2026 Review

JAKARTA, KOMPAS.com - Global index provider FTSE Russell has delisted four Indonesian issuers from its index list. The decision was taken as several issuers were deemed to have share ownership that was too concentrated, to fail to meet the minimum free float requirement, or to be placed under special surveillance. The decision is included in the June 2026 Quarterly Review announcement released on Saturday (23 May 2026). FTSE Russell removed PT Dian Swastatika Sentosa Tbk (DSSA) from the list of large-cap issuers. DSSA is a company under the Sinar Mas Group that operates in mining, renewable energy, technology, and chemicals. FTSE regards the majority of DSSA’s shares as controlled by a small number of shareholders or falls into the high shareholding concentration (HSC) category. “Failed High Shareholding Concentration,” read the announcement. The nickel and coal trading company was deemed to have failed to meet the minimum free float requirement that must be publicly held and tradable in the market. “Failed Minimum Free Float Requirement,” the announcement read. The other two issuers delisted were PT Hillcon Tbk (HILL) and PT Mulia Industrindo Tbk (MLIA). HILL is a parent company and contractor in the fields of nickel and coal mining. MLIA is a manufacturer, trader, and distributor of glass industry products. FTSE Russell removed HILL and MLIA because both issuers were listed under special surveillance/monitoring by the Indonesian exchange authorities. Both are suspected of abnormal trading activity.