MSCI Maintains Indonesian Stock Curbs, $120bn Loss

MSCI will keep restrictions on Indonesian equities in its global indexes for the May 2026 review.
The January warning erased roughly $120 billion in market value from Jakarta’s stock market, reflecting transparency concerns.
Indonesia introduced shareholder‑disclosure updates and plans to raise minimum free‑float requirements, but MSCI will still freeze foreign‑inclusion factors.
MSCI will not add Indonesian stocks to investable indexes nor allow upgrades across size segments, with further review in June.