FTSE Russell Withdraws DSSA Through HILL as Indonesian Stock Standards Tighten

Jakarta, Kompas.com – The criteria for selecting Indonesian stocks in global indices has tightened further. FTSE Russell, the global stock index provider owned by the London Stock Exchange Group (LSEG), has again excluded a number of domestic issuers in its May 2026 quarterly review. In the latest evaluation, FTSE Russell removed four Indonesian stocks from its index group. The changes will be implemented via rebalancing on 19 June 2026 and will take effect from 22 June 2026. PT Dian Swastatika Sentosa Tbk (DSSA) is the largest name affected. The Sinar Mas Group-listed company was excluded from the FTSE Large Cap group. “Failed High Shareholding Concentration,” FTSE Russell said in its June 2026 Quarterly Review announcement. DSSA operates in mining, new and renewable energy, 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 meet the minimum free float requirement. “Failed Minimum Free Float Requirement,” FTSE Russell wrote. 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, while MLIA is involved in manufacturing, trading and distribution of glass industry products. Both issuers were dropped because they were on the Bursa Efek Indonesia’s (BEI) special surveillance stocks screen. FTSE Russell assessed that shares under market authority surveillance do not meet the eligibility standards to remain in the global index. “Failed Surveillance Stocks Screen,” FTSE Russell said.