Indonesia’s Tightly Held Stock Cut a Positive Move, Analysts Say

The Indonesia Stock Exchange’s plan to remove shares with highly concentrated ownership from its benchmark is a step in the right direction as regulators work to avoid a double market...

By Prima Wirayani and Bernadette Toh · Bloomberg Markets

The Indonesia Stock Exchange’s plan to remove shares with highly concentrated ownership from its benchmark is a step in the right direction as regulators work to avoid a double market downgrade by MSCI Inc., analysts said.