MSCI removes two Indonesian stocks from global standard index

MSCI will remove Barito Pacific from its global standard indexes and move Bumi Resources Minerals down to its small cap indexes after the close on November 30, with no Indonesian additions to the standard index in the November review.

Why it matters: The changes cut Indonesia's standard index membership from nine stocks to seven and force index tracking funds to sell both names, a month after MSCI warned the market could lose its emerging market status.

Data as of Antara report of November 12, 2026 (Jakarta time), in Indonesian, read in full via the estate browser route; the standard index changes corroborated by Reuters reporting of MSCI's November 2026 index review announcement on November 11, 2026. Developing item.

MSCI’s November 2026 index review removes PT Barito Pacific Tbk (BRPT) from the MSCI Global Standard Indexes and moves PT Bumi Resources Minerals Tbk (BRMS) from the standard index to the MSCI Global Small Cap Indexes, Antara reported, and no Indonesian stock joins the standard index. Seven stocks leave the small cap index: PT Avia Avian Tbk (AVIA), PT Ciputra Development Tbk (CTRA), PT Dayamitra Telekomunikasi Tbk (MTEL), PT Elang Mahkota Teknologi Tbk (EMTK), PT Jasa Marga Tbk (JSMR), PT Rukun Raharja Tbk (RAJA) and PT Solusi Sinergi Digital Tbk (WIFI).

All changes take effect after the close of trading on November 30, 2026. Reuters reported the deletions will force funds that track the indexes to sell the shares, and that the MSCI Indonesia index currently has nine firms after the provider removed six companies in May and two more in August.

MSCI removes two Indonesian stocks from global standard index

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