MSCI and OJK Meeting Draws Nearer: Watch These 10 Stocks!

Jakarta, CNBC Indonesia - Ahead of April 2026, market participants are once again on guard regarding technical risks from MSCI, as there will be another meeting with the regulators (BEI and OJK). As is known, the Financial Services Authority (OJK) along with the Indonesia Stock Exchange (BEI) is currently completing various market reforms that are the main concern of MSCI. These efforts follow several intensive meetings that have taken place since February 2026, including discussions on market dynamics that occurred earlier in the year. One of the main focuses of these reforms is improving the transparency of share ownership data. OJK targets the implementation of a more detailed reporting system regarding investor composition, including the disclosure of shareholders with ownership above 1%. The goal is for all improvements related to the granularity of investor data and beneficial owner transparency to begin being reported routinely to MSCI from March and fully completed by the end of April 2026. Currently, MSCI is also conducting simulations on more transparent share ownership data provided by the Indonesian Central Securities Depository (KSEI). The results of these simulations will be an important factor in determining whether MSCI will lift the freeze policy on adding new Indonesian stocks to their global indices. If these reforms are deemed adequate, the opportunity for Indonesian stocks to re-enter the list of MSCI index candidates in the next review, which usually takes place from May to June, will reopen. MSCI’s main focus in this evaluation process is to ensure that the calculation of share free float truly reflects actual public ownership, so that there are no more stocks with high ownership concentration entering the global indices inaccurately. Therefore, we also need to pay special attention to at least 10 stocks that have the largest portions in the MSCI Indonesia index. Why is this important? Because the risk of outflows still looms until May 2026, that is, the second quarterly MSCI rebalancing.