OJK States MSCI Rebalancing Also Occurring in Other Asian Countries
The Chair of the Financial Services Authority (OJK) Board of Commissioners, Friderica Widyasari Dewi, stated that the adjustment to the Morgan Stanley Capital International (MSCI) index composition is not only experienced by Indonesian stocks but also occurring in several other Asian countries.
For example, in the MSCI Global Standard Index, Japan recorded 14 issuers exiting, Taiwan seven issuers exiting, Malaysia six issuers exiting, and South Korea three issuers exiting. Meanwhile, China, although adding 22 new issuers, also saw 24 issuers exit the index.
“This reflects global portfolio allocation adjustments and quite broad market dynamics in the region, not merely a specific issue for Indonesia,” said Friderica, who is familiarly known as Kiki, in Jakarta on Wednesday (13/5/2026).
According to her, changes in the MSCI index composition are part of the periodic review mechanism based on several objective parameters, such as market capitalisation, free float, liquidity, and stock price dynamics.
This phenomenon is not only occurring in Indonesia but also in almost all Asia-Pacific markets in this review. Nevertheless, OJK views this situation as an important reminder to continue strengthening the quality and depth of Indonesia’s capital market.
“OJK, together with all stakeholders, will continue to promote strengthening of market integrity, increasing free float and liquidity, expanding the investor base, and enhancing issuer governance so that the competitiveness of Indonesia’s capital market becomes stronger and sustainable,” she stated.
Furthermore, Kiki also assured that the fundamentals of Indonesia’s financial services sector remain resilient and stable.
According to her, short-term volatility or global index changes do not alter OJK’s commitment to continue building a healthy, transparent, and credible market for domestic and global investors.
“Going forward, we will also continue to strengthen coordination with the Indonesia Stock Exchange (BEI), self-regulatory organisations (SRO), and all market participants to ensure that Indonesia’s capital market becomes increasingly attractive, liquid, and investable in the long term,” she added.