MSCI has officially announced the results of its Indonesian stock index rebalancing for the November 2025 review. The updated composition will take effect on November 25, 2025, following the market close on November 24.
Within the MSCI Global Standard Indexes, two new companies have been added: PT Barito Renewables Energy Tbk. (BREN) and PT Bumi Resources Minerals Tbk. (BRMS).
Meanwhile, two major stocks have been removed from the list — PT Indofood CBP Sukses Makmur Tbk. (ICBP) and PT Kalbe Farma Tbk. (KLBF).
For the MSCI Small Cap Indexes, seven new additions were made, including PT Dharma Satya Nusantara Tbk. (DSNG), PT Energi Mega Persada Tbk. (ENRG), PT Kalbe Farma Tbk. (KLBF), and PT MNC Studios International Tbk. (MSIN).
Other added stocks include PT Rukun Raharja Tbk. (RAJA), PT Solusi Sinergi Digital Tbk. (WIFI), and PT Timah Tbk. (TINS).
On the other hand, PT Bumi Resources Minerals Tbk. (BRMS), PT Selamat Sempurna Tbk. (SMSM), and PT Ultra Jaya Milk Industry Tbk. (ULTJ) were removed.
In the MSCI Micro Cap Indexes, there were no changes in additions or deletions.
The next review is scheduled for February 2026, with the announcement on February 10 and effective changes on March 2, 2026.
This rebalancing attracts investors’ attention as it may impact Indonesian stock movements in the global MSCI indexes.
