IDX Confident MSCI Rebalancing Will Have Positive Long-Term Impact

PT Bursa Efek Indonesia (IDX) is optimistic that the rebalancing or adjustment of Indonesia’s weight and shares by Morgan Stanley Capital International (MSCI) will have a positive impact in the long term. On Wednesday morning, 13 May 2026, MSCI announced that 18 Indonesian shares were removed from the index.

Acting CEO of IDX Jeffrey Hendrik stated that this adjustment is a short-term consequence of the reform efforts undertaken by the Self Regulatory Organisation (SRO) and capital market regulators. “We are optimistic that in the long term it will have a positive impact,” he said when contacted on Wednesday, 13 May 2026.

The reform steps taken include increasing ownership transparency, more granular investor classification, the High Shareholding Concentration (HSC) framework, and an increase in the minimum free float.

Based on MSCI’s announcement on its official website, six Indonesian shares were removed from the Global Standard Index. Those six shares are PT Amman Mineral Internasional Tbk (AMMN), PT Barito Renewables Energy Tbk (BREN), PT Chandra Asri Pacific Tbk (TPIA), PT Dian Swastatika Sentosa Tbk (DSSA), PT Petrindo Jaya Kreasi Tbk (CUAN), and PT Sumber Alfaria Trijaya Tbk (AMRT). Meanwhile, AMRT or Alfamart was downgraded to the Global Small Cap Index.

MSCI also removed 13 Indonesian shares from the Global Small Cap Index. Some of those shares include PT Aneka Tambang Tbk (ANTM), PT Astra Agro Lestari Tbk (AALI), PT Bank Aladin Syariah Tbk (BANK), PT Bumi Serpong Damai Tbk (BSDE), PT Dharma Satya Nusantara Tbk (DSNG), and PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO).

There are also shares of PT Midi Utama Indonesia Tbk (MIDI), PT Mitra Keluarga Karyasehat Tbk (MIKA), PT MNC Digital Entertainment Tbk (MSIN), PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM), PT Pacific Strategic Financial Tbk (APIC), PT Sawit Sumbermas Sarana Tbk (SSMS), and PT Triputra Agro Persada Tbk (TAPG). This adjustment to the MSCI index constituents will take effect after the close of trading on 29 May 2026.