Update COVID-19 in Indonesia: 70,736 confirmed infections, 3,417 deaths (9 July 2020)
6 July 2020 (closed)
USD/IDR (14,501) +55.01 +0.38%
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Jakarta Composite Index (5,052.79) -23.38 -0.46%
Morgan Stanley Capital International (MSCI), a leading global provider of investment decision support tools, announced earlier this week that it will add 10 Indonesian companies (listed on the Indonesia Stock Exchange) to its MSCI Global Small Index (an investment portfolio). Meanwhile, it will also scrap five Indonesian listed companies from this index. The revisions come into effect per 1 June 2017.
The following ten Indonesian companies are to be added into the MSCI Global Small Index:
Meanwhile, the following five Indonesian companies are to be removed from the index:
It is good news for those companies that are selected to enter the MSCI Global Small Index because they should become more visible on global investors' radar. Considering four of the ten companies are energy (or coal) related, Morgan Stanley seems to have firm confidence in the development of Indonesia's energy sector.