JCI Strengthens Following MSCI Index Rebalancing

• JCI rose 0.13% to Rp8,329.40 following the MSCI rebalancing update.

• BREN and BRMS added, ICBP and KLBF removed, boosting interest in energy and mining stocks.

By Emirsyah Kevin Mecca, Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra

November 7, 2025 at 16:30 GMT+7

The Jakarta Composite Index (JCI) strengthened following the announcement of the Morgan Stanley Capital International (MSCI) index rebalancing on Thursday (6/11).

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Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, Maximilianus Nico Demus, stated, “Based on technical analysis, we see the JCI as likely to post limited gains, with support and resistance levels at 8,160 and 8,320, respectively.”

The JCI closed the first trading session up by 0.13% at 8,329.40, as investors digested the implications of the upcoming index adjustment. Market participants viewed the rebalancing as a short-term catalyst for selective buying in MSCI-related stocks, contributing to the index’s moderate advance. The MSCI rebalancing is scheduled to take effect on Tuesday (25/11) after the market closes on Monday (24/11).

MSCI Headquarters | Source : MSCI

MSCI’s quarterly update included the addition of Barito Renewables Energy (BREN) and Bumi Resources Minerals (BRMS) to the Global Standard Index, a sign of recognition of their increasing market capitalization and liquidity.

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Meanwhile, Indofood CBP Sukses Makmur (ICBP) and Kalbe Farma (KLBF) were removed from the Global Standard Index, with Timah (TINS) being added to the MSCI Small Cap Index. These changes have resulted in investors turning their attention to the energy and mining counters associated with the Bakrie and Prajogo group, while consumer counters such as ICBP and KLBF experienced weaker sentiment following their exclusion.

This index restructuring will potentially affect the funds both in the form of fund distribution and sector performance, even before its effective time on Tuesday (25/11).

Fluctuating stock prices after MSCI rebalancing announcement | Source : voi.id

Market participants expect inflows into stocks newly added to the index as global funds adjust their portfolios to align with the latest MSCI composition.

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Shares of BREN and BRMS saw heightened volatility as traders repositioned ahead of potential passive fund entries, while names removed from the index experienced short-term selling pressure. Based on the situation, overall sentiment remained constructive, with analysts projecting sustained demand for quality Indonesian equities.

The MSCI rebalancing is widely seen as a short-term catalyst for trading activity and a medium-term signal of the market’s growing integration into global investment flows, providing support for the JCI in the weeks ahead.

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Sources:

Antara News

CNBC