MSCI Market Reclassification Fears Trigger Sell-Off in Indonesian Stocks, BCA Among Affected
Fears of a market reclassification by MSCI have triggered significant foreign selling in Indonesian stocks. PT Bank Central Asia Tbk (BBCA) saw net foreign sales of Rp 4.45 trillion between October 16-22, with its shares dropping 14.81%. Major banking stocks are generally under pressure.
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
- Indonesia's IHSG to Exclude High Shareholding Concentration Stocks from Nov 2
Indonesia's Composite Stock Price Index (IHSG) will adopt a new calculation method excluding High Shareholding Concentration (HSC) stocks starting November 2, 2026. This move is expected to enhance market liquidity and public ownership representation, leading to a more accurate reflection of trading activity.
- BTPN Syariah Profit Surpasses IDR 1 Trillion Driven by Improved Financing Quality
PT Bank BTPN Syariah Tbk (BTPS) posted a net profit of IDR 1.01 trillion by the end of Q3 2026, supported by improved financing quality, asset growth, and increased financing disbursement. The bank focuses on inclusive financial services, particularly empowering women entrepreneurs.
- Haji Isam Expands Mining Business with Nickel Mine Acquisition Plan
South Kalimantan-based businessman Samsudin Andi Arsyad, known as Haji Isam, plans to acquire the Bumanik nickel mine in Morowali, Central Sulawesi, through his entity PT Abadi Nusantara Hijau Investama Tbk (PACK). This follows his significant stake acquisition in coal giant PT Bayan Resources Tbk, signaling an aggressive move to build business synergies in the mining sector.
- Indonesian Smelter Developments Anticipated Amidst Nickel Price Slump
Global nickel prices are weakening as investors await clarity on Chinese companies' plans to cut production at their Indonesian nickel processing facilities. Concerns over global supply surplus are weighing on the metal's price, making Indonesian smelter developments a key focus for market balance.