{"id":2843,"date":"2026-05-13T13:33:33","date_gmt":"2026-05-13T06:33:33","guid":{"rendered":"https:\/\/international.binus.ac.id\/finance\/?p=2843"},"modified":"2026-05-13T13:42:51","modified_gmt":"2026-05-13T06:42:51","slug":"msci-2026-rebalancing-a-deep-dive-into-indonesias-index-purge","status":"publish","type":"post","link":"https:\/\/international.binus.ac.id\/finance\/2026\/05\/13\/msci-2026-rebalancing-a-deep-dive-into-indonesias-index-purge\/","title":{"rendered":"MSCI 2026 Rebalancing: A Deep Dive into Indonesia&#8217;s Index &#8216;Purge&#8217;"},"content":{"rendered":"<p>Global markets were sent a clear signal this week as MSCI Inc. announced the results of its May 2026 Semi-Annual Index Review. In a significant shift for the Jakarta Composite Index (JCI), a total of 19 Indonesian stocks were removed from the Global Standard and Small Cap indices, effective after the market close on May 29, 2026.<\/p>\n<p><strong>Key Insight<\/strong>: The rebalancing is expected to trigger passive outflows estimated between $1.3 billion and $2 billion as global funds tracking these indices adjust their portfolios<\/p>\n<p>The Standard Index ShiftSix prominent names were removed from the MSCI Global Standard Index. This list includes high-profile energy and infrastructure players that have dominated local trading volumes recently.<\/p>\n<ul>\n<li>AMMN (Amman Mineral Internasional): Removed<\/li>\n<li>BREN (Barito Renewables Energy): Removed<\/li>\n<li>TPIA (Chandra Asri Pacific): Removed<\/li>\n<li>DSSA (Dian Swastatika Sentosa): Removed<\/li>\n<li>CUAN (Petrindo Jaya Kreasi): Removed<\/li>\n<li>AMRT (Sumber Alfaria Trijaya): Downgraded to Small Cap<\/li>\n<\/ul>\n<p><strong>Small Cap Index Deletions<\/strong><\/p>\n<p>The Small Cap segment saw 13 deletions, spanning sectors from retail and healthcare to agribusiness. These removals reflect tightening liquidity and free-float requirements. Notable retail and consumer names removed include SIDO, MIDI, and MIKA. Other deletions include ANTM, AALI, BANK, BSDE, DSNG, MSIN, SSMS, TKIM, APIC, and TAPG.<\/p>\n<p><strong>Why Now?<\/strong> <strong>The &#8220;HSC&#8221; Concern<\/strong><\/p>\n<p>The removals are largely attributed to MSCI\u2019s scrutiny of High Shareholding Concentration (HSC). Stocks with low free-float transparency or those where a few majority owners hold the vast majority of shares are increasingly being filtered out to protect global investors from volatility and liquidity risks. This move is seen as a precursor to the MSCI Market Accessibility Review in June, which will evaluate if Indonesia maintains its status as an &#8220;Emerging Market&#8221;.<\/p>\n<p><em>Source: MSCI May 2026 Index Review Data.\u00a0<\/em><\/p>\n<p><em>Disclaimer: The information provided in this article is for general informational and educational purposes only and does not constitute financial, investment, or legal advice.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global markets were sent a clear signal this week as MSCI Inc. announced the results of its May 2026 Semi-Annual Index Review. In a significant shift for the Jakarta Composite Index (JCI), a total of 19 Indonesian stocks were removed from the Global Standard and Small Cap indices, effective after the market close on May [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":2847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,6],"tags":[],"class_list":["post-2843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-slideshow"],"featured":{"small":"https:\/\/international.binus.ac.id\/finance\/files\/2026\/05\/LBO-480x262.png"},"_links":{"self":[{"href":"https:\/\/international.binus.ac.id\/finance\/wp-json\/wp\/v2\/posts\/2843"}],"collection":[{"href":"https:\/\/international.binus.ac.id\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/international.binus.ac.id\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/international.binus.ac.id\/finance\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/international.binus.ac.id\/finance\/wp-json\/wp\/v2\/comments?post=2843"}],"version-history":[{"count":3,"href":"https:\/\/international.binus.ac.id\/finance\/wp-json\/wp\/v2\/posts\/2843\/revisions"}],"predecessor-version":[{"id":2846,"href":"https:\/\/international.binus.ac.id\/finance\/wp-json\/wp\/v2\/posts\/2843\/revisions\/2846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/international.binus.ac.id\/finance\/wp-json\/wp\/v2\/media\/2847"}],"wp:attachment":[{"href":"https:\/\/international.binus.ac.id\/finance\/wp-json\/wp\/v2\/media?parent=2843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/international.binus.ac.id\/finance\/wp-json\/wp\/v2\/categories?post=2843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/international.binus.ac.id\/finance\/wp-json\/wp\/v2\/tags?post=2843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}