MSCI Rebalancing: 19 Indonesian Stocks Removed and 1 Added, Here Are the Details
JAKARTA, KOMPAS.com - Morgan Stanley Capital International (MSCI) has officially announced the results of the adjustment or rebalancing of its index constituents, which will apply after the close of trading on 29 May 2026 and become effective on 1 June 2026.
In this latest rebalancing, the US-based global index provider has removed a total of 19 Indonesian stocks from the MSCI indices.
Only one Indonesian issuer has been added, namely PT Sumber Alfaria Trijaya Tbk (AMRT), which becomes the sole Indonesian company entering the MSCI Global Small Cap Indexes.
Here are the details of the six stocks exiting the MSCI Global Standard index, based on MSCI’s official announcement quoted from MSCI.com on Wednesday (13/5/2026):
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 list of 13 Indonesian stocks removed from the MSCI Global Small Cap Indexes:
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)
Globally, MSCI recorded 246 additions to the MSCI Global Small Cap Indexes in the May 2026 rebalancing. Meanwhile, 195 stocks were removed from the index.
MSCI stated that the results of these index changes will apply after the close of trading on 29 May 2026 and become effective from 1 June 2026.
MSCI also announced that the next index review results will be announced on 12 August 2026, with the changes taking effect on 1 September 2026.
The Financial Services Authority (OJK) is optimistic that Indonesia’s capital market will remain in the emerging market category despite the removal of many Indonesian stocks from the MSCI indices.
OJK Commissioner Chairman, Friderica Widyasari Dewi, said that MSCI’s evaluation regarding the possibility of Indonesia downgrading from the emerging market category will take place in June 2026.
Nevertheless, she hopes that the Indonesian stock exchange will be able to maintain its status.
“That will be in June. Hopefully not (downgraded),” said the woman, familiarly known as Kiki, when met at the Indonesia Stock Exchange (BEI) building on Monday (11/5/2026).
According to her, in terms of data granularity, information transparency, and market integrity, Indonesia is assessed to have very good quality.
This is expected to be one of the considerations for MSCI in maintaining Indonesia’s position as part of the emerging market.
“Because if we look at data granularity and information transparency, we might be one of the best in terms of the transparency and integrity we provide. So hopefully this will also be a consideration so that Indonesia remains in the emerging market,” she explained.