Indonesia's IHSG closes 2.66% higher as MSCI reshuffles stocks
Energy shares led sector gains, while Barito Pacific left MSCI Global Standard and Bumi Resources Minerals moved to Small Cap.
Indonesia's benchmark IHSG advanced 135.86 points, or 2.66%, to finish at 5,250.90 on 12 November 2026. The session coincided with changes to MSCI indices and what CNBC Indonesia reported was a resignation submission by Vice-President Gibran Rakabuming Raka.
After opening at 5,119.53, the index stayed in positive territory and ended at its highest level of the session. Trading volume totalled 392.52 million lots, with turnover of Rp11.09 trillion.
Refinitiv data showed energy shares rose 4.02%, followed by consumer cyclicals at 2.26%, consumer non-cyclicals at 2.12%, technology at 1.97% and financials at 1.91%. BBRI, BMRI and BBCA were among the stocks supporting the benchmark, while BRPT, EXCL and MDKA weighed on it.
MSCI's review removed Barito Pacific (BRPT) and Bumi Resources Minerals (BRMS) from its Global Standard index. BRMS transferred to Small Cap as the only Indonesian addition to that group, while BRPT was not included among its additions.
Seven stocks were dropped from MSCI Small Cap: WIFI, RAJA, JSMR, EMTK, MTEL, CTRA and AVIA. Across the Standard and Small Cap groups combined, eight stocks left MSCI's coverage, while BRMS retained a place through its move to Small Cap.
