Prices Continue to Fall After MSCI Announcement, Exchange Monitors DSSA Shares

The Indonesia Stock Exchange (BEI) is closely monitoring the pattern of Unusual Market Activity (UMA) in shares of PT Dian Swastatika Sentosa Tbk (DSSA) starting from Monday, 4 May 2026. The issuer is under observation due to an unwarranted rise in its share price. Citing BEI’s disclosure of information, the shares are exhibiting movement outside the norm (Unusual Market Activity). This step is taken to protect investors, particularly minority shareholders of the issuer. “The announcement of Unusual Market Activity (UMA) does not necessarily indicate any violation of capital market regulations,” BEI management stated, as quoted from its official website. The latest information regarding DSSA, an issuer within the Sinarmas Group, dates to 31 March 2026, published on the PT Indonesia Stock Exchange website concerning the submission of the annual financial report (correction). “In connection with the occurrence of UMA in DSSA shares, we wish to state that the Exchange is currently observing developments in the transaction patterns of these shares,” it added. According to market data, DSSA shares fell 5.57% to Rp1,525 per share in yesterday’s trading. Meanwhile, DSSA shares have declined 40.24% over the past month, and 61.27% year-to-date. With this announcement, investors are urged to pay attention to the issuer’s response to the Exchange’s confirmation request, monitor the issuer’s performance and information disclosures, review any planned corporate actions that have not yet received shareholder approval, and consider various potential future developments before making investment decisions. The correction in DSSA shares coincides with the announcement from Morgan Stanley Capital International (MSCI), which stated it would remove shares listed under High Concentration Shareholder (HSC) from its index. Consequently, shares of Sinarmas Group company PT Dian Swastatika Sentosa Tbk (DSSA) and those of tycoon Prajogo Pangestu’s PT Barito Renewables Energy Tbk (BREN) are at risk of being deleted from the MSCI index. Both shares are among the nine HSC shares listed by BEI and KSEI. BREN has an ownership concentration level of 97.31%, while DSSA stands at 95.76%. “We estimate that BREN and DSSA will be removed based on the HSC provisions at the earliest during the May rebalancing, although the exact timing is not explicitly stated,” said Senior Analyst at Investment Information Mirae Asset Sekuritas, Nafan Aji Gusta, to CNBC Indonesia on Tuesday, 21 April 2026.