Global index provider FTSE Russell has removed four listed companies from its indices, with the changes set to take effect at the end of June 2026.

The four affected companies are PT GoTo Gojek Tokopedia Tbk (GOTO), PT Trimegah Bangun Persada Tbk (NCKL), PT Delta Makmur Tbk through its subsidiary BUMA International Group (DOID), and PT Nusantara Sejahtera Raya Tbk (CNMA).

In an announcement released on June 1, 2026, FTSE Russell stated that the exclusion of these companies was prompted by changes in their listing board classifications on the Indonesia Stock Exchange.

“These securities have been removed from the indices because they are currently listed on the Development Board of the Indonesia Stock Exchange. This market segment is classified as an ineligible segment for inclusion in the GEIS index calculation,” FTSE Russell stated in its FTSE Global Equity Index Series (GEIS) June 2026 Quarterly Changes – Amendment v4 document, as cited on Tuesday (June 2, 2026).

Furthermore, GOTO and NCKL have been removed from the FTSE Global Equity Index Series Mid Cap Index, while BUMA and CNMA have been excluded from the FTSE Global Equity Index Series Micro Cap Index.

The quarterly review changes are scheduled to become effective on Monday, June 22, 2026. Consequently, portfolio adjustments by investment managers are expected to take place on June 19, 2026.

FTSE Russell also noted that the index review results remain subject to revision until the market closes on Friday, June 5, 2026, with any approved amendments becoming effective on June 8, 2026.

“Any further changes will generally only be considered under exceptional circumstances and in accordance with FTSE Russell’s recalculation policies and guidelines,” FTSE stated.

Previously, FTSE Russell had already removed four other companies from the global index series. That announcement was made late last month, specifically on May 23, 2026.

According to the published review document, Sinarmas Group-affiliated company PT Dian Swastatika Sentosa Tbk (DSSA) was officially excluded from the FTSE Global Equity Index Series (GEIS) Large Cap category.

DSSA was placed on the exclusion list because it failed the high shareholding concentration requirement.

FTSE’s cleanup process was also accompanied by the implementation of an extreme technical mechanism, namely the removal of constituents using a price of zero methodology.

In addition to DSSA, FTSE excluded three stocks from the Micro Cap category. These included PT Daaz Bara Lestari Tbk (DAAZ), which failed to meet the minimum free float requirement; PT Hillcon Tbk (HILL), which failed the surveillance stocks screening process; and PT Mulia Industrindo Tbk (MLIA), which was removed for the same reason, namely failing the surveillance stocks screen criteria.

During trading on Friday (May 29), GOTO shares remained at Rp50 per share. Meanwhile, DOID shares closed 1.89% lower, falling 4 points to Rp208; CNMA shares gained 4.12%, rising 4 points to Rp101; and NCKL shares advanced 5.33%, increasing 45 points to close at Rp890.