JCI Session 1 Closes Down 0.59%, DSSA and BREN Plummet
Jakarta, CNBC Indonesia — The Jakarta Composite Index (JCI) closed the morning session at 7,549.41 on Tuesday (21 April 2026). The index fell 44.7 points or 0.59%.
The JCI experienced a correction, despite more stocks in the green zone. A total of 373 stocks rose, 315 fell, and 271 remained unchanged.
Trading value reached Rp9.79 trillion. A total of 22.83 billion shares changed hands in 1.55 million transactions.
Up to the lunch break, BBRI and BRPT were the stocks with the largest transaction values, at Rp1.75 trillion and Rp1.35 trillion respectively.
Citing Refinitiv, four stocks were the main drags on the JCI this morning. Dian Swastatika Sentosa (DSSA), which fell 13.15% to 2,840, contributed -37.92 points. Similarly, Barito Renewables Energy (BREN) contributed -17.52 points.
Both stocks plunged amid the potential for removal from the Morgan Stanley Capital International (MSCI) index.
MSCI has stated that stocks in the High Shareholding Concentration (HSC) category risk being excluded from the index, in line with applicable global policies.
In this context, BREN and DSSA are included in the list of nine HSC stocks released by the Indonesia Stock Exchange (BEI) and the Indonesian Central Securities Depository (KSEI).
Notably, BBRI also featured among the top laggards this morning. BBRI dragged the JCI by 26.66 points. The jumbo bank issuer corrected 4.94% as it entered the ex-dividend period today.
As is known, MSCI has announced an update regarding the evaluation of Indonesian securities’ free float as of 20 April 2026, as a follow-up to the index rebalancing freeze policy previously announced in January 2026.
In its statement, MSCI highlighted the capital market transparency reform policy implemented by the Financial Services Authority (OJK), BEI, and KSEI.
In the May 2026 index review, MSCI decided to maintain the interim policy, namely continuing to freeze increases in the Foreign Inclusion Factor (FIF) and Number of Shares (NOS), not adding new stocks to the MSCI Investable Market Indexes (IMI), and not upgrading stocks between market capitalisation segments.
Additionally, MSCI may use 1% shareholder disclosure data to adjust free float estimates if necessary. However, other new data will not be incorporated into index calculations until the evaluation process is complete and input from market participants has been considered.
Looking ahead, MSCI is open to input from market participants regarding the effectiveness of the new policy. Further updates are expected to be provided in the Market Accessibility Review scheduled for June 2026.