Jakarta – On Wednesday (13/5), Indonesia Stock Exchange (IDX), Indonesia Clearing and Guarantee Corporation (KPEI), Indonesia Central Securities Depository (KSEI), together with the Financial Services Authority (OJK), held a press conference on the latest developments in Indonesia’s capital market following the announcement of the MSCI Index rebalancing at the IDX Building. The press conference was attended by OJK Chief Executive of Capital Market, Financial Derivatives, and Carbon Exchange Supervision Hasan Fawzi, Interim President Director of IDX Jeffrey Hendrik, President Director of KPEI Iding Pardi, and President Director of KSEI Samsul Hidayat.
During the press conference, regulators emphasized that stock trading has remained orderly without indications of panic selling. Market stability was reflected in relatively stable transaction frequency and trading volume amid ongoing global market dynamics. The recent market correction was viewed as an anticipated global portfolio adjustment process, while also creating opportunities as stock valuations have become more attractive compared to the beginning of the year. On the other hand, the removal of several listed companies from the MSCI Global Small Cap Index reflects the potential for increased market capitalization, although an upgrade to higher-tier indices remains pending due to MSCI’s temporary freeze on the addition of new Indonesian constituents. Nevertheless, regulators and market participants reaffirmed their commitment to strengthening market transparency, governance, and integrity to ensure Indonesian listed companies remain competitive in global indices.
Interim President Director of IDX Jeffrey Hendrik stated that MSCI’s latest announcement is viewed as a positive development as it helps reduce one source of uncertainty in the market, particularly amid heightened global volatility driven by geopolitical tensions, commodity price fluctuations, and currency movements. He added that such clarity is expected to provide a stronger foundation for the future growth of Indonesia’s capital market alongside all market participants and listed companies.
Regarding the MSCI Review May 2026 results and free float methodology, Jeffrey emphasized that each global index provider has its own quantitative-based methodology that must be respected. IDX highlighted its focus on strengthening reforms and maintaining an orderly, fair, and efficient market mechanism, rather than engineering index assessments, in order to encourage natural compliance with the index requirements through stronger market fundamentals.
Earlier this week, on Monday (11/5), IDX also fully supported the Indonesia Investor Relations Forum (IRF) 2026 themed “Capital Market Reforms to Strengthen Confidence Amid Global Uncertainty” held at the IDX Main Hall, Jakarta. Initiated by Kitacomm and SUAR.id, the forum served as a strategic platform for regulators, issuers, and investors to discuss efforts to strengthen the competitiveness of Indonesia’s capital market through transparency, sustainable investor relations practices, and market reform agendas, including liquidity enhancement and free float share requirements. The presence of Interim President Director of IDX Jeffrey Hendrik as a keynote speaker reaffirmed IDX’s commitment, together with regulators, to maintaining financial market stability and strengthening investor confidence amid global market dynamics.
Meanwhile, IDX stock trading data for the period of 11–13 May 2026 closed in negative territory. The IDX Composite (IHSG) declined by 3.53% over the week to close at 6,723.320, from 6,936.396 in the previous week. In addition, IDX market capitalization decreased by 4.68% to Rp11,825 trillion from Rp12,406 trillion in the previous week. The average daily transaction frequency also changed by 0.56% to 2.53 million transactions from 2.55 million transactions recorded in the previous week. Meanwhile, the average daily transaction value declined by 18.78% to Rp18.82 trillion from Rp23.05 trillion in the prior week. The average daily trading volume on the IDX also decreased by 22.01% to 35.76 billion shares from 45.86 billion shares in the previous week. Foreign investors recorded a net sell value of Rp1.531 trillion today, bringing total foreign net sell in 2026 to Rp40.823 trillion year-to-date.
