Indonesia’s stock exchange will meet MSCI this week to present its market reforms, days before the index provider’s November review lands early Thursday Jakarta time. Two big Jakarta names are at risk of dropping out of MSCI’s main index.
MoneyTurkey Foreign Markets Desk | 10 November 2026
Key points
- The Indonesia Stock Exchange (BEI) plans to meet MSCI this week to report on its capital-market reforms, development director Iding Pardi said on Tuesday
- MSCI’s November index review is due on 11 November European time, or 05:00 Jakarta time on Thursday 12 November
- MSCI’s freeze on adding Indonesian stocks stays in place for this review; it can still remove stocks
- Bumi Resources Minerals and Barito Pacific are at risk of leaving the MSCI Standard index, Katadata reported
- MSCI is consulting on moving Indonesia from emerging to standalone market status, with a final decision by 30 June 2027
What happened
“This week, to discuss the reforms we have carried out,” Iding told reporters in Jakarta on Tuesday, CNBC Indonesia reported. He did not give a date. He said the exchange is focused on better disclosure, trading surveillance and enforcement with the financial regulator OJK, adding that the announcement itself “is MSCI’s call.”
BEI last met MSCI online on 19 October, after MSCI said on 16 October it would keep freezing index additions for Indonesia and open a consultation on downgrading the market to standalone status, Katadata reported.
What is at stake
About 43 Indonesian stocks sit in MSCI indexes: nine in the Global Standard index, led by Bank Central Asia, Bank Rakyat Indonesia and Bank Mandiri, and 34 in the Small Cap index, according to CNBC Indonesia and Katadata.
While the freeze runs, MSCI will not raise foreign inclusion factors or share counts for Indonesian stocks, add new names, or move stocks up to a bigger size segment. Local media expect heavy foreign selling if Indonesia is ultimately cut to standalone status, which would take it out of the MSCI Emerging Markets index that many global funds track.
What to watch
- The BEI-MSCI meeting this week and any reform details released after it
- MSCI’s review at 05:00 Jakarta time on Thursday, especially Bumi Resources Minerals and Barito Pacific
- Foreign flows on the Jakarta Composite and moves in the rupiah after the announcement
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For information only. Not investment advice.
