Indonesian Stocks on Track for MSCI Global Index Inclusion

MSCI Rebalancing and Inclusion Criteria

Morgan Stanley Capital International (MSCI) is set to rebalance its global indices in February 2026, presenting potential opportunities for Indonesian stocks to be included. MSCI is a leading provider of investment research and indices that track various markets and sectors globally. Inclusion in MSCI indices is significant as it can lead to increased visibility and demand from global investors ¹

.

Factors Influencing Inclusion

Several factors determine whether an Indonesian stock will be included in MSCI's global indices. These include the stock's market capitalization, liquidity, and free float ¹

. Recently, MSCI announced changes to its methodology for calculating free float, which could impact which Indonesian stocks meet the criteria. On October 27, 2025, MSCI sought market feedback on using the Monthly Holding Composition Report from KSEI as an additional reference for free float calculations ²

Source 2

https://investasi.kontan.co.id/news/rebalancing-msci-februari-2026-ini-saham-yang-berpotensi-masuk

.

Impact on Indonesian Stocks

Stocks that are included in MSCI's global indices typically experience positive price movements due to increased demand from global investors who track these indices. Indonesian companies with significant market capitalization and high liquidity are more likely to be considered for inclusion. Some stocks, even those with lower prices (e.g., around Rp 460), are predicted to be among those included ¹

.

Company Responses

In anticipation of the MSCI inclusion criteria, some Indonesian issuers are restructuring their ownership to increase their free float and improve liquidity ²

. This proactive approach could enhance their chances of being included in the MSCI global indices.

Conclusion

The potential inclusion of Indonesian stocks in MSCI's global indices in February 2026 is a significant event for the country's capital market. Companies that meet the inclusion criteria stand to benefit from increased global visibility and investment.