TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsMSCI extends final call on RI equities to June review
The uncertainty weighed on investor sentiment, with the Indonesia Stock Exchange (IDX) Composite Index slipping 0.46 percent on Tuesday, even as major Asian markets advanced on optimism that the Iran conflict may be nearing an end.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Red alert: An electronic display board inside the main hall of the Indonesia Stock Exchange (IDX) in South Jakarta shows an overall downward movement across most stocks during the lunch break on Jan. 29, when the IDX Composite index fell 6.3 percent after global investment firm MSCI raised concerns about trading transparency. (TJP/Deni Ghifari)
G
lobal index compiler MSCI has decided to keep its measures on Indonesian equities in place for the May index review, despite efforts by local authorities to address the transparency concerns outlined in the firm’s January warning. The organization said it is still assessing the effectiveness of the remedies introduced and is set to make a final decision in its June review.
The uncertainty weighed on investor sentiment, with the Indonesia Stock Exchange (IDX) Composite Index slipping 0.46 percent on Tuesday, even as major Asian markets such as Tokyo, Seoul and Hong Kong advanced on optimism that the Iran conflict may be nearing an end.
In an announcement on Monday, MSCI stated that it “acknowledges” the “market transparency reforms” made by the IDX, Financial Services Authority (OJK) and Indonesia Central Securities Depository (KSEI).
The measures listed by MSCI comprise enhanced shareholders disclosure, increased granularity in investor classification, introduction of the high shareholding concentration (HSC) framework and the roadmap for the increase of minimum free float requirement to 15 percent.
Interim IDX president director Jeffrey Hendrik said in a statement on Tuesday that IDX had met with MSCI last Thursday and “appreciated” MSCI’s acknowledgment of the remedies.
“We will keep communicating with index providers. We will also keep communicating with global investors to get inputs for reinforcement of the capital market going forward,” said Jeffrey.
Read also: Analysis: IDX, OJK to restore investor confidence ahead of MSCI review
Your Opinion Matters
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Enter at least 30 characters
0
/ 30
Thank you
Thank you for sharing your thoughts. We appreciate your feedback.
