Business · Markets · 2 hrs ago
FTSE Russell Removes 14 Indonesian Stocks from Global Indexes
FTSE Russell is removing 14 Indonesian stocks from its global indexes after a quarterly review.
The affected companies are listed on the Indonesia Stock Exchange, across large-, mid-, small- and micro-cap categories.
The changes are due to take effect on December 21, 2026, after the review results become final on December 7.
Indonesia remains a Secondary Emerging Market and is not on FTSE Russell’s watch list.
The index provider said it needs more time to assess reforms covering ownership transparency, market supervision and consistent enforcement of rules.
Restrictions on Indonesian index changes continue until at least March 2027, with positive changes such as adding stocks or increasing their weights on hold.
The next review will provide a further assessment of the reforms and the restrictions.
FTSE Russell has removed 14 Indonesian stocks from its global indexes in its December 2026 quarterly review.
The removals cover large-cap, mid-cap, small-cap and micro-cap categories.
Indonesia remains classified as a Secondary Emerging Market and is not on FTSE Russell’s watch list.
The review results are provisional until December 4 and are due to become final on December 7, 2026.
The index changes are scheduled to take effect on December 21, while restrictions on positive changes to Indonesian stocks will remain until at least the March 2027 review.
- Who
- FTSE Russell, the global index provider, removed the stocks.
- What
- It removed 14 Indonesian stocks from its global indexes while keeping Indonesia’s Secondary Emerging Market classification.
- When
- The review was announced on November 14, 2026. Changes are scheduled to take effect on December 21.
- Where
- The affected stocks are listed on the Indonesia Stock Exchange and are included in FTSE Russell global indexes.
- Why
- FTSE Russell said it needed more time to assess market reforms, including shareholder data transparency, market supervision and consistent regulatory enforcement.
This story does not have two clearly opposing sides.
FTSE Russell announced the provisional results of its December quarterly review.
The deadline for possible revisions to the review results.
The review changes are scheduled to become final.
Investment managers are expected to adjust portfolios after the market closes.
The index changes are scheduled to take effect in the market.
FTSE Russell’s restrictions on positive changes to Indonesian stocks are set to continue until at least this review.
- Stocks removed
- 14
- Large-cap removal
- PT Bank Syariah Indonesia Tbk (BRIS)
- Mid-cap removals
- PT Dayamitra Telekomunikasi Tbk (MTEL); PT Tower Bersama Infrastructure Tbk (TBIG)
- Small-cap removals
- PT Mitra Adiperkasa Tbk (MAPI); PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM)
- Micro-cap removals
- 9 stocks
- Indonesia classification
- Secondary Emerging Market; not on the FTSE Watch List
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What people are saying
Effective Monday, December 7, 2026, index review changes will be considered final.