FTSE Russell Tightens Indonesian Stock Selection as DSSA, DAAZ, HILL and MLIA Exit

Jakarta – The screening standards for Indonesian stocks in global indices are getting stricter. FTSE Russell, the global stock index provider owned by the London Stock Exchange Group (LSEG), has again expelled several domestic issuers in its May 2026 quarterly review. In the latest evaluation, FTSE Russell removed four Indonesian stocks from its index groups. The changes will be implemented through the rebalancing on 19 June 2026 and will take effect from 22 June 2026. PT Dian Swastatika Sentosa Tbk (DSSA) was the largest name affected. The Sinar Mas Group company was removed from the FTSE Large Cap group. “Failed High Shareholding Concentration,” according to FTSE Russell in its June 2026 Quarterly Review announcement. DSSA operates in mining, renewable energy and power, technology, and chemicals. In addition to DSSA, FTSE Russell also removed PT Daaz Bara Lestari Tbk (DAAZ) from the micro cap group. The coal and nickel trading company was deemed not to satisfy the minimum free float requirement. “Failed Minimum Free Float Requirement,” wrote FTSE Russell. FTSE Russell also removed PT Hillcon Tbk (HILL) and PT Mulia Industrindo Tbk (MLIA) from the index. HILL is a parent company and contractor in nickel and coal mining. MLIA is involved in manufacturing, trading, and distribution of industrial glass products. Both issuers were excluded because they were on the Indonesia Stock Exchange (BEI) surveillance stocks screen. FTSE Russell said stocks under stock exchange surveillance do not meet the eligibility standards to remain in the global index. “Failed Surveillance Stocks Screen,” according to FTSE Russell.