Global stock index provider FTSE Russell has officially announced the removal of four Indonesian stocks from its FTSE Global Equity Index series. The changes are scheduled to take effect after the market close on Friday, June 19, 2026, with the new index composition becoming active on Monday, June 22, 2026.
The companies impacted by this reshuffle are PT Dian Swastatika Sentosa Tbk (DSSA), PT Daaz Bara Lestari Tbk (DAAZ), PT Hillcon Tbk (HILL), and PT Mulia Industrindo Tbk (MLIA).
In its official statement, FTSE Russell clarified that the current review is subject to final revisions. Any further adjustments will be finalized by the market close on June 5, 2026, becoming effective on June 8. The index provider noted that subsequent modifications to the list would only be considered under exceptional circumstances, in strict accordance with their established recalculation policies and guidelines.
Each company was removed for specific compliance reasons. DSSA was dropped from several indices, including the Large Cap, FTSE All-World, FTSE All-Cap, and FTSE Total Cap, primarily due to issues regarding high ownership concentration.
Meanwhile, the departures for the remaining companies were attributed to different regulatory hurdles. DAAZ failed to meet the minimum free float requirements for the Micro Cap index, while both HILL and MLIA were removed due to failing stock monitoring criteria. Consequently, DAAZ, HILL, and MLIA have also been excluded from the FTSE Total Cap index.
Summary
Global index provider FTSE Russell will remove four Indonesian companies—PT Dian Swastatika Sentosa Tbk (DSSA), PT Daaz Bara Lestari Tbk (DAAZ), PT Hillcon Tbk (HILL), and PT Mulia Industrindo Tbk (MLIA)—from its FTSE Global Equity Index series. These changes are scheduled to take effect on June 22, 2026, following the market close on June 19. While the current list is subject to final adjustments by June 5, 2026, further modifications will only occur under exceptional circumstances.
The removals are attributed to specific non-compliance issues within the index’s established criteria. DSSA was excluded due to high ownership concentration, while DAAZ was removed for failing to meet minimum free float requirements. Additionally, HILL and MLIA were dropped after failing to satisfy the necessary stock monitoring standards required for index inclusion.