On May 15, 2017, Morgan Stanley Capital International (MSCI) announced it would add 10 new small-cap issuers listed on the Indonesia Stock Exchange (IDX) to its investment portfolio. This portfolio change will take effect starting June 1, 2017. In addition, it will remove five existing issuers from the MSCI Global Small Cap Indexes calculation on May 31, 2017.
Of the 10 new issuers, four are mining sector stocks, and some of these issuers recorded significant profit growth in 2016. These issuers include: PT Bumi Resources Tbk with a market capitalization of Rp 12.89 trillion, PT Pelat Timah Nusantara Tbk with a market capitalization of Rp 13.31 trillion, and PT Blue Bird Tbk with a market capitalization of Rp 10 trillion.
The five stocks that will be removed from the MSCI Global Small Cap Index are PT Agung Podomoro Land Tbk, PT Arwana Citramulia Tbk, PT Bisi International Tbk, Lippo Cikarang Tbk, and PT Multipolar Tbk.
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