Global stock index provider MSCI has highlighted the liquidity condition of PT GoTo Gojek Tokopedia Tbk. (GOTO) shares. In its official announcement, MSCI decided to maintain GOTO’s status within the global standard index but froze all changes related to the stock because GOTO shares have been trading at the minimum price limit of Rp50 per share.

The decision was outlined in the MSCI Global Standard Indexes Announcement released on May 26, 2026, at 20:19 GMT.

“Due to potential index replication issues associated with the extremely low liquidity of PT GoTo Gojek Tokopedia Tbk. resulting from trading at the minimum tradable price of Rp50 on the Indonesia Stock Exchange since the close of trading on May 13, 2026,” the announcement stated, as quoted on Friday (29/5/2026).

MSCI confirmed that GOTO shares would remain classified under the Mid Cap category in the MSCI Global Standard Indexes, effective from June 1, 2026.

According to MSCI’s assessment, the minimum trading price of Rp50 per share since the market close on May 13, 2026 could hinder institutional investors and global fund managers from effectively replicating the index.

As a result, MSCI decided to freeze all adjustments related to the Number of Shares (NOS), Foreign Inclusion Factor (FIF), Domestic Inclusion Factor (DIF), capping factors, as well as additions and deletions concerning GOTO shares within MSCI indexes as part of the May 2026 Index Review.

This treatment applies not only to the MSCI Global Investable Market Indexes but also to non-market capitalization weighted indexes, including factor indexes, sustainability and climate indexes, thematic indexes, and MSCI capped indexes.

However, MSCI noted that certain exceptions would still apply. If the freeze on GOTO’s capping factors causes non-compliance with concentration rules in indexes such as MSCI 10/40, MSCI 25/50, or MSCI 35/65, adjustments to the capping factors would still be implemented to preserve compliance with index methodology.

MSCI also stated that it would reassess GOTO’s liquidity condition during the August 2026 index review in accordance with the MSCI Global Investable Market Indexes methodology. If GOTO shares fail to meet the required liquidity standards at that time, the company could potentially be removed from MSCI indexes.