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MSCI drops two Indonesian stocks from flagship Global Standard Index | Caixin Society
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MSCI drops two Indonesian stocks from flagship Global Standard Index

Jakarta (ANTARA) – Global index provider MSCI Inc. announced the results of its August 2026 index review on Wednesday (August 12), removing two Indonesian stocks from its flagship MSCI Global Standard Index.According to the announcement, poultry firm PT Charoen Pokphand Indonesia Tbk (CPIN) and tech conglomerate PT GoTo Gojek Tokopedia Tbk (GOTO) were dropped from the main index. No new Indonesian equities were added to replace them.Following the rebalance, nine Indonesian stocks remain in the MSCI Global Standard Index. They are PT Astra International Tbk (ASII), PT Bank Central Asia Tbk (BBCA), PT Bank Negara Indonesia (Persero) Tbk (BBNI), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Mandiri (Persero) Tbk (BMRI), PT Bumi Resources Minerals Tbk (BRMS), PT Barito Pacific Tbk (BRPT), PT Telkom Indonesia (Persero) Tbk (TLKM), and PT United Tractors Tbk (UNTR).In the MSCI Global Small Cap Index, the provider added CPIN — downgraded from the standard index — while removing other Indonesian equities.The nine stocks removed from the Small Cap list are PT Bank Jago Tbk (ARTO), PT Bukalapak Tbk (BUKA), PT Surya Esa Perkasa Tbk (ESSA), PT MD Entertainment Tbk (FILM), PT Medikaloka Hermina Tbk (HEAL), PT MNC Tourism Indonesia Tbk (KPIG), PT Raharja Energi Cepu Tbk (RATU), PT Semen Indonesia Tbk (SMGR), and PT Transcoal Pacific Tbk (TCPI).Another 33 Indonesian stocks maintained their positions within the MSCI Global Small Cap Index. Furthermore, Indonesia saw no additions or deletions in the MSCI Micro Cap Index.All index adjustments will be implemented at market close on August 31, 2026, and will become effective on September 1, 2026. MSCI will announce its next index review on November 11, 2026, with an effective date of December 1, 2026.Previously, during its Market Classification Review on June 24, MSCI formally recognized transparency reforms introduced by Indonesia's Financial Services Authority (OJK), the Indonesia Stock Exchange (IDX), and the Indonesian Central Securities Depository (KSEI).The recognition highlighted improved disclosures for shareholders with ownership above 1 percent, more detailed investor classification, the introduction of the High Shareholders Concentration (HSC) framework, and a roadmap to raise the minimum free-float requirement to 15 percent.