MAPI, NCKL and PGEO to leave LQ45 in three-stock reshuffle
ERAA, GGRM and PWON will join the index, with the revised composition taking effect on 18 November 2026.
The Indonesia Stock Exchange will change three members of its LQ45 index following an unscheduled review, according to an exchange announcement dated 11 November 2026. The revised composition will apply from 18 November 2026 until 29 January 2027.
The departing companies are PT Mitra Adiperkasa Tbk. (MAPI), PT Trimegah Bangun Persada Tbk. (NCKL) and PT Pertamina Geothermal Energy Tbk. (PGEO). Their removal follows their inclusion on the list of stocks with high shareholder concentration.
MAPI's ownership concentration stood at 96.75 per cent, while the figures for PGEO and NCKL were 95.22 per cent and 92.66 per cent, respectively.
Replacing them are PT Erajaya Swasembada Tbk. (ERAA), PT Gudang Garam Tbk. (GGRM) and PT Pakuwon Jati Tbk. (PWON). Their respective free-float ratios are 37.84 per cent, 16.45 per cent and 30.89 per cent.
The LQ45 will retain 45 constituents. The exchange said the effective period also applies to the share counts used to calculate the index.
