FTSE Russell has kept Indonesia’s capital market classified as a Secondary Emerging Market in its annual country classification review. The index provider did not place Indonesia on its Watch List, it said. Its treatment from the September 2026 index review will carry into the December 2026 review.
Index changes deferred
FTSE Russell said Indonesian market authorities had introduced several measures to strengthen capital market transparency. After weighing feedback from market participants and an external advisory committee, it concluded that more time is needed to assess them. The review covers shareholder data transparency, surveillance monitoring, selection criteria and regulatory enforcement.
Several changes have been deferred at least until the March 2027 index review. These include cap segment changes, free float increases, weight adjustments other than deletions, and new additions such as IPOs. Other adjustments continue, including quarterly share updates and quarterly free float reductions.
Securities to be removed
The removals take effect from the market open on Monday, 21 December 2026.
Quarterly free float reductions carry buffers of 3 percent where free float is above 15 percent. Where free float is between 5 and 15 percent, the buffer is 1 percent.
Source: FTSE Russell
