MSCI Rebalancing Brings Changes to Global Standard Index

Indonesian Stocks Make It to Global Index

Morgan Stanley Capital International (MSCI) has released its November 2025 index review results, effective today, November 25, 2025. The rebalancing has brought significant changes to the MSCI Global Standard Index, with two Indonesian companies making it to the prestigious list. PT Bumi Resources Minerals Tbk (BRMS) and PT Barito Renewables Energy Tbk (BREN) have been included in the index, while PT Kalbe Farma Tbk (KLBF) and PT Indofood CBP Sukses Makmur Tbk (ICBP) have been removed. Notably, BRMS has been upgraded from the MSCI Indonesia Small Cap Index, marking a significant milestone for the company.

Implications for Indonesian Market

The inclusion of BRMS and BREN in the MSCI Global Standard Index is expected to have a positive impact on their stock performance. The change is likely to attract more foreign investors to these stocks, given the index's global significance and the tendency of fund managers to track its composition. On the other hand, the removal of KLBF and ICBP might lead to some selling pressure as index-tracking funds rebalance their portfolios.

Market Reaction and Future Outlook

Market participants will be closely watching the performance of BRMS and BREN in the coming days and weeks. The increased visibility and potential influx of foreign capital could provide a boost to these stocks. Investors should keep an eye on how this rebalancing affects the overall market dynamics and adjust their strategies accordingly.