The benchmark index dropped 1.98 percent to 6,723.32 when the market closed on Wednesday. It has declined by more than 20 percent since the beginning of the year.
An electronic display board inside the main hall of the Indonesia Stock Exchange (IDX) in South Jakarta shows an overall downward movement across most stocks during the lunch break on Jan. 29, 2026, when the IDX Composite index fell 6.3 percent after global investment firm MSCI raised concerns about free float and trading transparency. (TJP/Deni Ghifari)
The Indonesia Stock Exchange (IDX) Composite index slid at the market closing on Wednesday, after global index compiler MSCI axed major Indonesian stocks in its latest rebalancing review.The benchmark index had dropped 1.98 percent to 6,723.32 by the market’s close on May 13. It has declined by more than 20 percent since the beginning of the year.
MSCI announced the review on Tuesday evening, with changes in constituents for its Global Standard Indexes set to take place after the stock market closes on May 29, and become effective on June 1.
its latest review, MSCI added no Indonesian stocks but removed PT Barito Renewables Energy, PT Chandra Asri Pacific and PT Petrindo Jaya Kreasi, all affiliated with local conglomerate Barito Pacific, as well as PT Amman Mineral International and PT Dian Swastika Sentosa, the mining arm of Sinar Mas Group.
