MSCI Adds DSSA, CUAN, PTRO to Indonesia Index in August 2025 Review
Main Takeaways
|
JAKARTA, Investortrust.id — Morgan Stanley Capital International (MSCI) has added eight Indonesian stocks to its benchmark indices in its August 2025 review, with changes set to take effect on Tuesday, Aug. 26. The reshuffle includes new additions from groups controlled by prominent Indonesian tycoons Prajogo Pangestu and the Widjaja family of Sinarmas Group.
In the MSCI Global Standard Indexes, which comprise large-cap stocks, two notable entrants are PT Dian Swastatika Sentosa Tbk (DSSA), part of the Sinarmas conglomerate, and PT Petrindo Jaya Kreasi Tbk (CUAN), a mining company linked to Barito Pacific founder Prajogo Pangestu.
Meanwhile, PT Alamtri Resources Indonesia Tbk (ADRO), affiliated with businessman Garibaldi Thohir, was removed from the large-cap index and reassigned to the small-cap category.
According to Indonesia Stock Exchange (IDX) data, DSSA has a market capitalization of Rp 504.67 trillion ($32.4 billion), making it the eighth-largest listed company in Indonesia. As of Thursday's close, DSSA shares traded at Rp 65,500.
CUAN, another rising energy company under the Barito Group, holds a market cap of Rp 112.41 trillion ($7.2 billion), placing it just below its sister firm PT Chandra Daya Investasi Tbk (CDIA) at Rp 195.35 trillion. CUAN closed at Rp 1,460 on the same day.
The MSCI Global Small Cap Indexes saw further changes, with ADRO shifting down from the large-cap to the small-cap board. Other newly included small-cap stocks are PT Adaro Andalan Indonesia Tbk (AADI), PT MNC Land Tbk (KPIG), PT Petrosea Tbk (PTRO), PT Raharja Energi Cepu Tbk (RATU), and PT Triputra Agro Persada Tbk (TAPG).
Despite speculation, MSCI did not include PT Barito Renewables Energy Tbk (BREN)—the most valuable company under Prajogo Pangestu’s portfolio—in this round. The latest reshuffle also saw two exclusions from the small-cap index: PT Merdeka Battery Materials Tbk (MBMA) and PT Panin Financial Tbk (PNIN).
Promo!
Track which stocks enter and exit major global indices with InvestingPro. Investortrust readers get exclusive discounts—click here to access the offer.