Jakarta (VNA) – Global index provider MSCI has retained Indonesia’s stock market in the emerging market category in its 2026 Global Market Accessibility Review released on June 19, easing concerns that the market could be downgraded to frontier market status.
However, MSCI lowered its assessment of the country's information flow to negative from positive, citing persistent concerns over opaque share ownership structures and indications of coordinated trading that could undermine fair price discovery.
It also noted that the lack of transparency in ownership and trading data continues to hinder the accurate determination of free-float shares, a key factor for global investors.
In addition, MSCI reiterated its concerns over the level of liberalisation in Indonesia’s foreign exchange market. It said Indonesia still lacks an efficiently functioning offshore market while the domestic market continues to impose a number of restrictions on foreign investors.
However, it also acknowledged the Indonesian Government’s recent efforts to improve market accessibility and the investment climate.
Indonesia’s stock market continued to score highly across a number of key criteria, including investor entry requirements, foreign ownership limits, accessibility for international investors, account registration and opening procedures, the market regulatory framework, custody services and trading infrastructure./.
Indonesia eyes becoming regional gold finance hub
In the long term, Indonesia aims not only to export raw gold but also to establish itself as a regional gold finance hub, generating greater value-added for its economy and enhancing its role in the global financial system.
