From Nikkei Asia · · 40s
Indonesian Exchange Excludes High-Concentration Stocks
Indonesia's stock exchange removes high shareholding concentration stocks from key index as MSCI considers market status downgrade.
In brief
Indonesia's stock exchange removes high shareholding concentration stocks from key index as MSCI considers market status downgrade. Indonesia's stock exchange excludes high shareholding concentration stocks from its benchmark index following MSCI's potential downgrade to standalone market status. Originally reported…
Indonesia Stock Exchange
Indonesia Stock Exchange will exclude all stocks with high shareholding concentration from Jakarta Composite Index.
MSCI Downgrade Consideration
Global index provider MSCI considers downgrading Indonesia from emerging market to standalone market status.
Impact on Stocks
Move affects 80 stocks accounting for 18% of JCI's weighting.
The headline
Indonesia's stock exchange excludes high shareholding concentration stocks from its benchmark index following MSCI's potential downgrade to standalone market status.
