13.05.202602:44:25UTC+00MSCI Review Sparks Selloff in Indonesian Stocks

Indonesian shares tumbled 96 points, or 1.4%, to 6,760 in Wednesday morning trade, extending their decline for a fourth consecutive session and marking the lowest level since mid-2025. Sentiment deteriorated after MSCI (Morgan Stanley Capital International) removed six domestic stocks from its Global Standard Index. According to local media, the rebalancing could reduce Indonesia’s weighting in MSCI indices by 16 basis points, from 0.72% to 0.56%, potentially prompting capital outflows of around IDR 29.5 trillion.

Externally, U.S. equity futures were mixed after Wall Street ended mostly lower overnight, weighed down by stronger-than-expected April inflation, rising oil prices, and ongoing tensions in the Middle East.

On the local bourse, most sectors within the IDX Composite fell, led by healthcare, cyclical, and energy names. Losses were partly offset by gains in transportation and industrials, which helped limit the overall market decline. Among the major laggards were Amman Mineral Internasional (-9.1%), Petrindo Jaya Kreasi (-9.0%), Sumber Alfaria Trijaya (-4.2%), and Alamtri Resources (-2.3%).