JAKARTA - PT Bursa Efek Indonesia (BEI) together with PT Kliring Penjaminan Efek Indonesia (KPEI), PT Kustodian Sentral Efek Indonesia (KSEI), and the Financial Services Authority (OJK) held a press conference regarding the latest developments in the Indonesian capital market following the announcement of the rebalancing of the MSCI index at the BEI Building. On Wednesday, May 13.
The press conference was attended by the Head of the Capital Market, Derivatives Finance, and Carbon Exchange Supervisory Authority of OJK, Hasan Fawzi, Acting Director General (Pjs.) of the Indonesian Stock Exchange Jeffrey Hendrik, Director of KPEI Iding Pardi, and Director of KSEI Samsul Hidayat.
During the press conference, the regulator emphasized that domestic stock trading activities are still taking place under control and have not shown any signs of panic selling.
Market stability is reflected in the frequency and volume of transactions that are maintained in the midst of global market dynamics and market weakness that has occurred is considered as part of the adjustment of the global investor portfolio which has been predicted in advance, as well as opening opportunities because stock valuations are now more attractive than at the beginning of the year.
In addition, the exit of several issuers from the MSCI Global Small Cap index is considered to reflect the potential for an increase in market capitalization. However, the rise to a higher index is still delayed in line with MSCI's policy of freezing the addition of new Indonesian constituents.
Even so, the regulator together with market participants emphasized their commitment to continue to strengthen market transparency, governance, and integrity in order to maintain the competitiveness of listed Indonesian companies in global indices.
Acting President Director of the IDX Jeffrey Hendrik said that MSCI's latest statement was seen as a positive sentiment because it could reduce one source of uncertainty in the market, especially amid high global volatility due to geopolitical tensions, commodity price fluctuations, and exchange rate movements.
He hopes that this certainty can become the foundation for the growth of the Indonesian capital market in the future together with all market participants and issuers.
Regarding the results of the MSCI Review May 2026 and the free float methodology, Jeffrey emphasized that each global index provider has its own methodology based on quantitative factors and needs to be respected.
According to him, the focus of the IDX at this time is to strengthen reforms and create a regular, fair, and efficient market mechanism, not to engineer the index assessment, and this step is expected to encourage the fulfillment of index criteria naturally through strengthening the market fundamentals.
Meanwhile, stock trading data on the IDX during the period of May 11-13, 2026 closed in the negative zone, namely the Composite Stock Price Index (JCI) was recorded as weakening 3.53 percent to 6,723.320 from the previous week's position of 6,936.396.
In addition, the capital market capitalization of the IDX also experienced a decrease of 4.68 percent to Rp. 11,825 trillion from Rp. 12,406 trillion in the previous week.
Furthermore, the average daily transaction frequency decreased by 0.56 percent to 2.53 million transactions compared to 2.55 million transactions in the previous week.
In addition, the average daily transaction value decreased by 18.78 percent to Rp18.82 trillion from Rp23.05 trillion in the previous week.
Next, the average daily transaction volume was also corrected by 22.01 percent to 35.76 billion shares from the previous 45.86 billion shares.
On the other hand, foreign investors on Wednesday, May 13 recorded a net selling value of IDR 1,531 trillion and cumulatively throughout 2026, foreign investors have recorded a net selling value of IDR 40,823 trillion.
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