MSCI Rebalancing as Turning Point, OJK Pledges to Strengthen Stock Quality on IDX
JAKARTA, KOMPAS.com - The Financial Services Authority (OJK) has confirmed that Indonesia’s capital market will be filled with more high-quality stocks following the rebalancing of the global Morgan Stanley Capital International (MSCI) index on Wednesday (13/5/2026).
OJK’s Executive Head of Capital Market Supervision, Financial Derivatives, and Carbon Exchange, Hasan Fawzi, stated that the global index rebalancing serves as the initial point for establishing a new foundation for Indonesia’s capital market.
This step is aimed at introducing more high-quality stocks to the Indonesia Stock Exchange (BEI).
“OJK and the Self-Regulatory Organisation (SRO) continue to encourage listed stocks to become viable investment options for both domestic and foreign investors,” Hasan said during a press conference at the BEI building in Jakarta.
“So, this is the new basis where our starting point will progressively bring more quality to the listed stocks on the exchange. And of course, we hope that in the future, we will promote more of these stocks as investment choices for investors,” Hasan added.
OJK and the SRO are also continuing to monitor several stocks deemed to have potential for inclusion in global indices such as MSCI and FTSE Russell.
This initiative forms part of the capital market regulator’s long-term strategy.
“Including in the future, we will monitor several stocks that have proven potential, so that at the next opportunity, they can be included as members of global indices. We will plan to promote these stocks when the time comes, ensuring they meet the expected criteria and are entered into the aforementioned global index providers,” he explained.
Hasan emphasised that the overhaul of the capital market is not focused solely on specific groups of issuers.
The capital market reforms involve all industry participants, including domestic investors, foreign investors, and global index providers.
“And of course, this is not exclusive to any one segment of investors; we are also continuously engaging with various representations from investors, both individual domestic investors, domestic institutional investors, as well as foreign investors and even global index providers like FTSE Russell, MSCI, and others,” Hasan stated.
This is evident from Indonesia’s position, which remains in the emerging market category without any downgrade in market classification.
Hasan assessed that this situation indicates that the capital market integrity reforms are beginning to yield positive results.
“And we can also refer to similar experiences in other countries that have received attention and notes from global investors; often, this requires a phase of adjustment,” Hasan continued.
“Yes, in the form of first adjusting to the latest decisions on whether stocks are included in the global index groups mentioned, and then gradually implementing the agenda for growth enhancement,” he added.