Mandiri Sekuritas Confident that BEI's Proposal to MSCI and FTSE Will Yield Positive Results
Jakarta (ANTARA) - Director of PT Mandiri Sekuritas, Oki Ramadhana, is optimistic that the proposal submitted by PT Indonesia Stock Exchange (BEI) to global index providers, MSCI Inc and FTSE Russell, will yield positive results.
“I don’t think the worst-case scenario will happen, because I believe that our (Indonesian capital market) will continue to advance and grow,” said Oki during a gathering and breaking of the fast with Mandiri Sekuritas in Jakarta, Wednesday.
In line with this, Oki projected that the Composite Stock Price Index (IHSG) will soon return to the psychological level of 9,000, which is just a matter of time, with the IHSG closing up 41.40 points or 0.50 percent to 8,322.23 at the close of trading on Wednesday afternoon.
“It’s just a matter of time (IHSG). I wonder if there are any catalysts that could prevent our (Indonesian capital market) from rising further?” said Oki.
Furthermore, he assessed that the fundamental conditions of the national economy, including growth prospects and macroeconomic conditions, are still relatively strong and should not be viewed pessimistically.
From the capital market side, he believes that the majority of listed companies have solid performance and financial reports, especially when looking at the financial statements of the 100 largest companies (big caps) in the Indonesian capital market.
“Our country has good fundamentals, a good story, and good macro conditions. Take a look at the listed companies on our Exchange, there may be some that are not good, but mostly they are all good. Just look at the balance sheets of the top 100 listed companies, they are all good. So, I am confident that the fundamentals are good, now it’s just a matter of how we recover the growth, which was good last year, and it must be (good) this year,” said Oki.
After holding further discussions with MSCI and FTSE, Acting Director of BEI, Jeffrey Hendrik, revealed that one of the points currently in the final stages is the disclosure of shareholders with ownership of more than 1 percent and the provision of more granular investor data.
In addition, the BEI has ensured that the process of drafting regulations related to the minimum free float requirement of 15 percent has been completed by February 19, 2026.
Currently, the exchange is in the advanced internal stages before the final draft of the regulations is submitted to the Financial Services Authority (OJK).
Regarding the issuance of the shareholders concentration list, the BEI ensures that the preparation process is carried out accountably and in accordance with procedures. The exchange is currently finalizing the methodology and standard operating procedures (SOP) that will be the basis for preparing the list.