The Indonesian stock exchange has more than quadrupled the number of stocks identified as having high shareholder concentration, despite warnings from index provider MSCI Inc. about low liquidity and lack of transparency in ownership structures.
The IDX will announce a list of 300 stocks with high shareholding concentration (HSC) on Thursday (12/11) and remove them from the IHSG calculation starting Friday (13/11).
The IDX is targeting 300 additional stocks on the HSC list to be removed from the JCI calculation on Friday. The total number of HSC stocks now stands at 383 issuers.