Indonesian Market Rallies as BREN and BRMS Join MSCI Global Standard Index

Significant Inclusion in Global Benchmark

The Indonesian Stock Exchange (IDX) saw a significant surge in trading activity following the announcement that Barito Renewables Energy (BREN) and Bumi Resources Minerals (BRMS) have been included in the Morgan Stanley Capital International (MSCI) Global Standard Index ¹

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https://finance.detik.com/bursa-dan-valas/d-8196590/ihsg-tembus-8-300-asing-serok-saham-bren-dan-brms-di-tengah-euforia-msci

. This development is expected to attract substantial foreign investment, particularly from passive index funds that track the MSCI benchmark.

Market Performance

The IDX Composite rose 0.93% to close at 8,318.53, with gains primarily driven by the technology and energy sectors ¹

. BREN led the gains with a 5.69% increase, while BRMS surged by 9.68%. Other notable performers included GoTo Gojek Tokopedia (GOTO) with an 8.77% gain. The technology sector showed the strongest performance, rising 3.31%, while the industrials sector was the only laggard, declining 1.49%.

Foreign Investment Influx

Foreign investors were net buyers on the IDX, with a net purchase of Rp 1.23 trillion in the regular market and Rp 1.31 trillion across all markets ¹

. This buying activity was particularly pronounced in BREN and BRMS, with the latter seeing Rp 229.14 billion in foreign inflows and BREN attracting Rp 190.72 billion in the previous week alone.

MSCI Index Changes

The MSCI November 2025 index review brought significant changes to Indonesian constituents. While BREN and BRMS were upgraded to the Global Standard Index, Indofood CBP (ICBP) and Kalbe Farma (KLBF) were demoted ²

. In the small-cap category, new additions included DSNG, ENRG, MSIN, RAJA, and WIFI, while BRMS, SMSM, and ULTJ were removed.

Investment Recommendations

Several stocks have been recommended for trading: BREN (Buy: 9750-9800), BRMS (Buy: 1050-1065), JPFA (Buy: 2400-2430), CUAN (Buy: 2080-2100), and WIFI (Buy: 3230-3250) ¹

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