MSCI Reduces Weight, Dian Swastatika (DSSA) Shares Plummet into Red Zone
Flooring Guide by Cinvex – , JAKARTA — PT Dian Swastatika Sentosa Tbk (DSSA), an issuer within the prominent Sinarmas Group, has confirmed its continued inclusion in the Morgan Stanley Capital International (MSCI) Standard Index for August 2025, despite an announced reduction in its share weight. MSCI recently disclosed that it would apply an adjustment factor of 0.5 to DSSA’s Foreign Inclusion Factor (FIF).
As a direct result of this adjustment, the company’s FIF value now stands at 0.13, a significant decrease from its previous level of 0.25. This reduction automatically diminishes DSSA’s weight within the MSCI Indonesia index, effective for the August 2025 review. The FIF is a critical metric used by MSCI to determine a stock’s eligibility and its proportional representation in both global and regional indices. A lower FIF indicates that a smaller portion of the stock is deemed available for foreign investors, impacting its overall influence within the index.
In an official letter to the Indonesia Stock Exchange (BEI), DSSA Directors Daniel Cahya and Alex Sutanto conveyed the company’s respect for MSCI’s decision regarding the 0.5 adjustment factor. Crucially, they reiterated DSSA’s firm position within the MSCI index. “Despite this adjustment, the company will unquestionably remain part of the MSCI Standard Index for August 2025,” affirmed the directors on Friday, August 22, 2025. MSCI, for its part, confirmed that these changes are slated to take effect on August 21, 2025, with their implementation to be reflected in the Advanced Corporate Event (ACE) Files, a key reference for market participants.
Addressing concerns surrounding free-float shares, DSSA management clarified that the company consistently submits shareholder data and ownership reports to capital market authorities in compliance with prevailing regulations. This includes detailed monthly reports on registered securities holders and other essential information disclosures. The management of DSSA further emphasized its unwavering commitment to ensuring that free-float data is presented transparently and remains up-to-date, strictly adhering to all applicable statutory provisions.
As of July 30, 2025, DSSA’s share ownership structure reveals PT Sinar Mas Tunggal holding a controlling stake of 4.61 billion shares (59.9%). Treasury shares account for 1.51 billion (19.7%), while public ownership stands at 1.57 billion shares, representing 20.4% of the total.
On the Indonesia Stock Exchange (BEI), DSSA shares concluded trading today, Friday, August 22, 2025, with another decline, falling by 1.75% to Rp78,825 per share. This downward movement extends a significant drop of 13.13% recorded on the previous trading day, reflecting market reactions to the news.
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Summary
PT Dian Swastatika Sentosa Tbk (DSSA) confirmed its continued inclusion in the MSCI Standard Index for August 2025, despite a reduction in its share weight. MSCI applied a 0.5 adjustment factor to DSSA’s Foreign Inclusion Factor (FIF), decreasing it from 0.25 to 0.13. This adjustment, effective August 21, 2025, diminishes DSSA’s overall weight within the MSCI Indonesia index, a decision which company directors have acknowledged.
DSSA management emphasized their adherence to regulations regarding free-float data transparency, with public ownership recorded at 20.4% as of July 30, 2025. Following the announcement, DSSA shares experienced declines on the Indonesia Stock Exchange, falling 1.75% on August 22, 2025, and 13.13% on the preceding trading day.