MSCI removes Barito Pacific and Bumi Resources Minerals from standard indexes
Bumi Resources Minerals will join the small-cap category, while seven other Indonesian stocks will leave it. The changes take effect on 1 December 2026.
PT Barito Pacific Tbk. (BRPT) and PT Bumi Resources Minerals Tbk. (BRMS) will leave the MSCI Global Standard Indexes following MSCI’s November 2026 review. In its announcement dated 11 November 2026, MSCI listed no Indonesian stocks for addition to that category.
BRMS will instead enter the MSCI Small Cap Indexes. BRPT was not named among the small-cap additions. Barito Pacific is owned by Prajogo Pangestu, while Bumi Resources Minerals belongs to the Bakrie Group.
Seven Indonesian companies will be removed from the small-cap category:
- PT Avia Avian Tbk. (AVIA)
- PT Ciputra Development Tbk. (CTRA)
- PT Dayamitra Telekomunikasi Tbk. (MTEL)
- PT Elang Mahkota Teknologi Tbk. (EMTK)
- PT Jasa Marga (Persero) Tbk. (JSMR)
- PT Rukun Raharja Tbk. (RAJA)
- PT Solusi Sinergi Digital Tbk. (WIFI)
The review left Indonesia’s MSCI Micro Cap Indexes constituents unchanged, with neither additions nor removals.
MSCI will implement the changes after trading closes on 30 November 2026, with effect from 1 December 2026. Its next review announcement is scheduled for 9 February 2027, with those changes due to take effect on 1 March 2027.
