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2026-02-16 10:59:39
[S&P Dow Jones Goes Against the Grain: Continuing Quarterly Adjustment of Indonesian Indexes While Rivals Suspend Review] S&P Dow Jones Indices stated in an email that it is closely monitoring developments regarding equity transparency in the Indonesian stock market, including new guidelines issued by the Indonesian Stock Exchange, and will proceed with its planned quarterly index adjustment in March, following "standard procedures" within its existing methodology. This decision distinguishes it significantly from competitors MSCI and FTSE Russell, which have increased their scrutiny of the Indonesian market due to concerns that highly concentrated shareholdings and opaque shareholding structures could lead to overvaluation of free float. FTSE Russell announced last week that it would postpone its March index assessment of the Indonesian market to a June reassessment due to risks of abnormal trading volume fluctuations and uncertainty surrounding free float. Previously, MSCI had issued a warning regarding the investability and accessibility of the Indonesian market and would complete its assessment by May; this warning triggered the largest sell-off in the Indonesian stock market in nearly 30 years.
