MSCI to Utilize KSEI Data for Indonesian Free Float Calculation

Clarification on KSEI's Role in Free Float Process

Morgan Stanley Capital International (MSCI), a global index provider, is considering using data from PT Kustodian Sentral Efek Indonesia (KSEI) for calculating the free float of Indonesian listed companies. KSEI CEO Samsul Hidayat emphasized that the Bursa Efek Indonesia (BEI) remains the sole authority for free float calculations. KSEI's role is limited to supporting BEI by providing necessary data when required.

Timeline for MSCI Decision

MSCI is currently gathering feedback from market participants until December 31, 2025. The final decision regarding the use of KSEI's data for free float calculation is expected to be announced on January 30, 2026. This timeline provides a clear window for market participants to voice their opinions on the proposed methodology.

KSEI's Position and Communication with MSCI

Samsul Hidayat confirmed that KSEI will communicate with MSCI regarding their methodology for free float calculation. He stressed that KSEI will provide data to BEI if needed for their calculations. The collaboration between these financial institutions highlights the ongoing efforts to enhance the accuracy of free float data in the Indonesian capital market.

Implications for Indonesian Capital Market

The decision by MSCI to potentially use KSEI's data marks a significant development for Indonesia's financial landscape. It underscores the growing importance of Indonesian markets in global investment indices and the need for precise data in calculating market indices.