Indonesia exchange plans index exclusions and shareholder disclosures
Shares with highly concentrated ownership would remain tradable, while disclosures for holdings above 1 per cent would identify affiliation status.
The Indonesia Stock Exchange (BEI) plans to remove shares with highly concentrated ownership from its benchmark IHSG index and disclose whether shareholders holding more than 1 per cent are affiliated, president director Jeffrey Hendrik said on 20 October 2026.
Speaking at the exchange in Jakarta, Hendrik said the two initiatives were a response to comments by MSCI that had shaken Indonesia's stock market. BEI intends to announce the measures publicly soon.
Under the proposed index change, all shares classified as having highly concentrated ownership would be excluded from the IHSG calculation. Trading in those shares would continue as normal, but their price movements would no longer count towards the index.
The ownership measure would add affiliation information to publications identifying shareholders with stakes above 1 per cent. BEI has not yet specified which shares would leave the index, how it would define highly concentrated ownership or when the policies would take effect.
