IDX Affirms Indonesian Stocks Must Enter MSCI Through Proper Channels

Jakarta, CNBC Indonesia - Indonesia Stock Exchange (IDX) President Director Jeffrey Hendrik has responded to the potential reduction of Indonesian stocks in the MSCI index constituents. He views this as a rational short-term consequence, but remains optimistic for the long term.

He affirmed that while MSCI continues to freeze Indonesian stocks, the exchange maintains ongoing communication with MSCI while implementing various improvements to win back the trust of foreign investors.

“I think we agree that we must jointly maintain market transparency and integrity, those are the two main topics we discussed with the index provider and global investors,” Jeffrey stated during the CNBC Indonesia Investment Forum 2026 at the IDX Main Hall, Wednesday (15/7/2026).

Jeffrey did not deny that in the process of comprehensively and systemically improving the capital market, several issuers have been and will be removed from the prestigious global index. However, he believes this will serve as a positive catalyst in the medium and long term.

“Of course, the short-term consequence is that some stocks will be removed by the index provider, but in the medium term, many will certainly enter MSCI, FTSE, and others,” Jeffrey explained.

He also expressed that the exchange authority is pleased if more Indonesian stocks are included in global indices, but stressed that this must be achieved through the proper channels. This represents the response of the exchange, financial market regulators, and other stakeholders to MSCI’s criticism regarding capital market transparency, shareholder concentration, and stock manipulation practices in the market.