JCI Opens Lower, Shares Removed from MSCI Under Pressure

The Composite Stock Price Index (JCI) of the Indonesia Stock Exchange (BEI) opened weaker on Wednesday morning (13/5/2026), declining 94.96 points or around 1.38% to the level of 6,763.94. Meanwhile, the index of 45 leading stocks or LQ45 opened weaker by 5.90 points or around 0.88% to 663.94.

Shares of six issuers removed from the MSCI Global Standard Index also experienced weakening. PT Sumber Alfaria Trijaya Tbk (AMRT) weakened 5.3% to the level of 1,340. Meanwhile, PT Amman Mineral Internasional Tbk (AMMN) fell 9.83% to the level of 3,670.

Morgan Stanley Capital International (MSCI), the global index provider, announced the results of the Indonesian market index review in the MSCI May 2026 Index Review.

In the review results, six Indonesian stocks were officially removed from the MSCI Global Standard Index list. The six issuers 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)

• PT Sumber Alfaria Trijaya Tbk (AMRT)

“The MSCI May 2026 rebalancing tends to be below market expectations, because the number of Indonesian stocks removed is more than the initial estimate, namely AMMN, BREN, TPIA, DSSA, CUAN, and AMRT. This condition reflects a decline in the representation of Indonesian stocks in the MSCI Global Standard Index,” said the Head of Research at Phintraco Sekuritas, Ratna Lim, in her study in Jakarta on Wednesday.