MSCI drops battered GoTo from stock indexes
MSCI’s move to remove and downgrade Indonesian stocks from its indexes may trigger outflows of Rp 500 billion to Rp 1 trillion, mainly affecting stocks directly impacted by the rebalancing.
In a recent review by MSCI, Indonesian technology and ride-hailing firm GoTo will be removed from its MSCI Indonesia Investable Market Index. The decision stems from concerns over the company's low liquidity, as its shares trade at the minimum price on the Indonesia Stock Exchange since May 13, 2026. Additionally, PT Charoen Pokphand Indonesia, a poultry producer, will be downgraded from the MSCI Global Standard Index to the MSCI Global Small Cap Index.
Nine other Indonesian companies, including Bank Jago, Bukalapak, and Medikaloka Hermina, will also be removed from the MSCI Global Small Cap Index. The changes, part of MSCI's August 2026 Index Review, will take effect from September 1, following the close of trading on August 31. The Indonesian market has been under scrutiny from MSCI since the start of the year due to concerns over market accessibility and transparency.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
