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View all search resultsFTSE Russell removes four Indonesian stocks from global indexes
The benchmark indexes removed PT Dian Swastatika Sentosa from its large-cap index and dropped PT Daaz Bara Lestari, PT Hillcon and PT Mulia Industrindo from the small-cap index.
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Momentous shot: A group of visitors takes a picture on Jan. 29, 2026 in front of a stock ticker display at the Indonesia Stock Exchange (IDX) in South Jakarta. (AFP/Yasuyoshi Chiba)
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lobal index provider FTSE Russell has removed four Indonesian stocks from its FTSE Global Equity Index Series (GEIS) in the latest setback for Southeast Asia’s largest economy, amid concerns over stock ownership concentration and market quality.
The move, announced in the firm’s June 2026 quarterly review released on Saturday, follows a broader reassessment of Indonesian equities after regulators intensified scrutiny over share ownership transparency and unusual trading activities.
The index changes are scheduled to be implemented after the market closes on June 19 and take effect on June 22.
Read also: MSCI extends final call on RI equities to June review
FTSE Russell removed coal and energy firm PT Dian Swastatika Sentosa from its large-cap index after determining the company failed its “high shareholding concentration” test, meaning ownership was overly concentrated among a small number of shareholders.
The company, which is part of local conglomerate Sinar Mas Group, operates across the mining, renewable energy, technology and chemicals sector.
Nickel and coal trading company PT Daaz Bara Lestari, nickel and coal mining contractor PT Hillcon, as well as glass manufacturer and distributor PT Mulia Industrindo, were also removed from the small-cap index.
