The Composite Stock Price Index (IHSG) opened in negative territory this morning. The index dropped sharply into the 6,700 range following the latest Morgan Stanley Capital International (MSCI) rebalancing announcement, which removed a significant number of Indonesian stocks from its global indices.

According to RTI data on Wednesday (13/5/2026), as of 09:09 WIB the IHSG stood at 6,760.56, down 1.43% or 98.32 points. The index moved within a range of 6,741.60 at its lowest and 6,787.34 at its highest.

Trading volume reached 10.34 billion shares with transaction value totaling Rp2.95 trillion and transaction frequency recorded at 265,632 trades. A total of 202 stocks advanced, 324 declined, and 171 remained unchanged.

Meanwhile, other Asian markets showed mixed movements, with the Hang Seng Index rising 0.01%, the Nikkei gaining 0.37%, and the Shanghai Composite Index slipping 0.07%.

Pressure on the IHSG emerged after MSCI released the results of its latest rebalancing, which will become effective at the close of trading on May 29, 2026. In the announcement, 18 Indonesian stocks were removed from MSCI indices, while no new Indonesian stocks were added to the MSCI Global Standard Index.

Several major-cap stocks removed from the MSCI Global Standard Index included PT Amman Mineral Internasional Tbk (AMMN), PT Barito Renewables Energy Tbk (BREN), PT Chandra Asri Pacific Tbk (TPIA), PT Dian Swastatika Sentosa Tbk (DSSA), and PT Petrindo Jaya Kreasi Tbk (CUAN).

In addition, PT Sumber Alfaria Trijaya Tbk (AMRT) was downgraded from the MSCI Global Standard Index to the MSCI Global Small Cap Index.

MSCI also revised the composition of the MSCI Global Small Cap Index for Indonesian equities. A total of 13 domestic stocks were removed from the index, namely:

1. PT Aneka Tambang Tbk (ANTM)
2. PT Astra Agro Lestari Tbk (AALI)
3. PT Bank Aladin Syariah Tbk (BANK)
4. PT Bumi Serpong Damai Tbk (BSDE)
5. PT Dharma Satya Nusantara Tbk (DSNG)
6. PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO)
7. PT Midi Utama Indonesia Tbk (MIDI)
8. PT Mitra Keluarga Karyasehat Tbk (MIKA)
9. PT MNC Digital Entertainment Tbk (MSIN)
10. PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM)
11. PT Pacific Strategic Financial Tbk (APIC)
12. PT Sawit Sumbermas Sarana Tbk (SSMS)
13. PT Triputra Agro Persada Tbk (TAPG)