FTSE Drops 14 Indonesian Stocks from Index Over High Shareholding Concentration
FTSE Russell announced the removal of 14 Indonesian stocks from its index following its quarterly review, effective December 21, 2026, due to High Shareholding Concentration (HSC) criteria.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- PGEO Aims for 12.5% Free Float by March 2027
PT Pertamina Geothermal Energy Tbk (PGEO) targets to achieve a minimum free float of 12.5% by March 2027, a move aimed at complying with capital market regulations and strengthening corporate governance. The company further plans to increase this to 15% by 2028.
- BBRI Stock Faces Selling Pressure, Shows Resilience Amidst Foreign Net Sell
PT Bank Rakyat Indonesia Tbk (BBRI) shares faced significant net selling from foreign investors on the Indonesia Stock Exchange. Despite the pressure, BBRI's stock price managed a slight increase, demonstrating resilience. Foreign investors' year-to-date net sell has reached substantial levels.
- IHSG Shows Signs of Recovery Amidst Political Stability and Rising Commodity Prices
Indonesia's Composite Stock Price Index (IHSG) shows signs of recovery, supported by easing MSCI index uncertainty, domestic political stabilization, and rising coal prices. The IHSG rose 2.6% on November 12 and 1.78% on November 13. However, the weakening Rupiah remains a concern.
- BYD Mulls Battery Factory Investment in Indonesia to Boost Local Production
Chinese EV giant BYD is internally calculating an investment plan to build a battery manufacturing facility in Indonesia. The move is crucial for BYD to achieve its target of 60% local component level (TKDN) by 2027. The Indonesian government welcomes the plan as part of its broader strategy to develop a battery-based EV industry ecosystem.