Indonesia exchange widens concentrated-ownership screening to all stocks
The revised method removes the Rp5 trillion threshold and a liquidity measure, with 383 stocks expected to qualify.
The Indonesia Stock Exchange (BEI) will screen every listed stock for high shareholding concentration (HSC) under a revised methodology, president director Jeffrey Hendrik said on 10 November 2026. Stocks will qualify when 10 or fewer shareholders hold at least 92.5 per cent of the shares.
Speaking at a press conference at the exchange, Jeffrey said the HSC committee had decided to make the methodology public. The revised approach drops the previous Rp5 trillion threshold and excludes the price impact ratio (PIR) from its assessment.
PIR measures how well a stock can absorb trading volume without substantial price changes, with a lower ratio indicating better absorption. Jeffrey said removing it meant an HSC assessment would no longer need to wait for share-price movements.
The committee will announce an updated list soon. Jeffrey said it would cover 383 stocks, including 300 additions, which he described as representing a further 6.16 per cent of the IHSG's market capitalisation. The existing methodology covers 83 issuers. The HSC policy took effect on 2 April 2026.
