List of 18 Indonesian Stocks Removed from MSCI Index

Eighteen Indonesian stocks have been removed from the Morgan Stanley Capital International (MSCI) indices. According to the MSCI rebalancing results announcement on Wednesday, 13 May 2026, six stocks were removed from the Global Standard Index.

One of those six stocks, PT Sumber Alfaria Trijaya Tbk (AMRT) or Alfamart, has been included in the Global Small Cap Index. Meanwhile, 13 stocks were removed from the Global Small Cap Index. These adjustments will take effect after the close of trading on 29 May 2026.

Acting Director of the Indonesia Stock Exchange (BEI), Jeffrey Hendrik, stated that the adjustments are a short-term consequence of 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 following is the list of 18 stocks removed from MSCI:

Global Standard Index

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)

Global Small Cap Index

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)

PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO)

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)

PT Triputra Agro Persada Tbk (TAPG)