The results of the evaluation by the Indonesia Stock Exchange (BEI) reveal that there will be a reshuffle of the main stock indices for the effective period of May 4-July 31, 2026. This is the latest rule to adjust the universe of stocks.
A number of indices that will be dismantled include LQ45, IDX30, IDX80, and thematic indices such as IDXESGL, which are important references for market participants.
According to Katadata, in the LQ45 index, BEI will remove five issuers. The LQ45 index comprises 45 stocks on the IDX selected based on high liquidity, substantial market capitalization, as well as strong financial performance and growth potential.
The issuer owned by the Prajogo Pangestu conglomerate, PT Barito Renewables Energy Tbk (BREN), is on this list. Then there's PT Dian Swastatika Sentosa Tbk (DSSA) from the Sinar Mas Group.
From Databoks' research, these five issuers have diverse transaction values.
Here's a complete list of the transaction values of the five issuers removed from LQ45, according to BEI data as of April 24, 2026:
PT Barito Renewables Energy Tbk (BREN)
- Transaction value: Rp98,840,143,000
- Volume: 20,415,900 shares
- Frequency: 11,348 times
PT Dian Swastatika Sentosa Tbk (DSSA)
- Transaction value: Rp94,212,321,000
- Volume: 44,392,500 shares
- Frequency: 11,732 times
PT Trimegah Bangun Persada Tbk (NCKL)
- Transaction value: Rp64,349,882,000
- Volume: 57,517,700 shares
- Frequency: 6,707 times
PT Bank BTPN Syariah Tbk (BTPS)
- Transaction value: Rp10,409,878,000
- Volume: 9,785,000 shares
- Frequency: 1,829 times
PT Dayamitra Telekomunikasi Tbk (MTEL)
- Transaction value: Rp2,424,879,000
- Volume: 4,607,400 shares
- Frequency: 556 times.
Other evaluation results show that BEI will also remove stocks with high concentrated ownership (HSC) from the LQ45, IDX30, IDX80, and IDXESGL groups.
HSC is a list of issuers on BEI whose shares are largely concentrated in the hands of a few parties or certain affiliated groups.
This data was released by the Indonesia Stock Exchange (BEI) together with the Central Securities Depository of Indonesia (KSEI) to enhance transparency and minimize risks.
The minimum requirement for free float, or publicly owned shares, has also been set at a higher figure, namely a minimum of 10% or in accordance with Regulation I-A.
BEI has also relaxed the rules regarding suspensions, previously requiring shares to be actively traded for at least six months, to a maximum tolerance of one day without trading during that period.
(Read Katadata by Ahmad Islamy: Overhauled by BEI, Here's the List of Stocks Entering and Leaving the LQ45 Index to IDXESGL)