MSCI released the results of its November 2026 index review on Wednesday (11/11/2026), or Thursday (12/11/2026) Indonesian time. Several Indonesian issuers' stocks changed position in the MSCI indexes.

Stocks removed and added

PT Barito Pacific Tbk (BRPT) and PT Bumi Resources Minerals Tbk (BRMS) exited the MSCI Global Standard Indexes, while seven other stocks were removed from MSCI Small Cap. According to the MSCI document, no Indonesian stocks were added to the Standard group in this review. The Small Cap group recorded one addition, BRMS, which moved over from Standard.

The seven stocks removed from MSCI Small Cap:

• PT Avia Avian Tbk. (AVIA)
• PT Ciputra Development Tbk. (CTRA)
• PT Dayamitra Telekomunikasi Tbk. (MTEL)
• PT Elang Mahkota Teknologi Tbk. (EMTK)
• PT Jasa Marga (Persero) Tbk. (JSMR)
• PT Rukun Raharja Tbk. (RAJA)
• PT Solusi Sinergi Digital Tbk. (WIFI)

As a result, eight stocks left the combined Standard and Small Cap coverage, while BRMS remains a constituent through the Small Cap group.

Stock moves on 12 November

BRPT, owned by Prajogo Pangestu, weakened 1.96% to 750 at the close. It opened at 730, with a high of 820 and a low of 725, and traded 5.24 million lots worth Rp410 billion.

BRMS, a stock affiliated with the Bakrie family, closed 0.67% higher at 300 per share. It opened at 298 with a high of 320, and traded 12.13 million lots worth Rp365.13 billion.

AVIA, CTRA, EMTK and RAJA closed higher by 0.68%, 1.41%, 0.69% and 2.88% respectively. MTEL slumped 6.75%, the biggest drop among the stocks removed from the MSCI indexes. JSMR weakened 1.79% and WIFI fell 5.13%. RAJA was the most actively traded among the stocks leaving Small Cap, at Rp389.81 billion or 7.08 million lots.

JCI conditions

The JCI ended trading up 2.66% at 5,250.90. According to Refinitiv data, the sectors supporting the index were energy, up 4.02%, consumer cyclicals 2.26%, consumer non-cyclicals 2.12%, technology 1.97% and financials 1.91%.

Stocks driving the JCI included BBRI, BMRI, BBCA, TLKM and ASII. Stocks holding the index back were BRPT, EXCL, MDKA, EMAS and PANI.

Sources

• Terdepak dari Indeks MSCI, Begini Nasib Saham BRPT, RAJA, hingga WIFI — CNBC Indonesia (Annisa Rini), 12 November 2026 17:32. https://www.cnbcindonesia.com/market/20261112172028-17-784750/terdepak-dari-indeks-msci-begini-nasib-saham-brpt-raja-hingga-wifi