Jakarta, INTI - Several stocks are projected to be added to the Financial Times Stock Exchange (FTSE) Russell indices in the February 2026 rebalancing.
CCGS International Sekuritas Indonesia estimates that potential additions to both the FTSE Large Cap and FTSE Mid Cap include PT Impack Pratama Industri Tbk (IMPC), PT MD Pictures Tbk (FILM), and PT Indah Kapuk Dua Tbk (PANI).
The list also features Bakrie Group affiliated companies PT Bumi Resources Tbk (BUMI) and PT Bumi Resources Minerals Tbk (BRMS), along with Prajogo Pangestu–linked firm PT Petrosea Tbk (PTRO). Meanwhile, PT Semen Indonesia (Persero) Tbk (SMGR) is seen as a potential candidate for removal from the prestigious index.
Announcement Timeline and Market Capitalization Movements
According to CGS International Sekuritas Indonesia, FTSE is scheduled to announce the results on the afternoon of 20 February 2026, Indonesia time. The decision will take effect at the close of trading on 20 March 2026, with the official effective date to be confirmed at a later time.
CGS International noted that the evaluation outcome is considered final, as the observation period concluded on 25 December 2025. As a result, the scope for any changes to the announced results is expected to be relatively limited.
“The only variable in our projection is the extent to which FTSE will raise its market capitalization threshold,” the firm said in a statement on Friday, January 9, 2026.
Based on stock prices at the close of the first trading session on Friday, January 9, 2026 afternoon, shares of IMPC fell 5,19% to Rp 3.650, bringing its market capitalization to Rp 200,41 trillion. Shares of PT Pantai Indah Kapuk Dua Tbk (PANI), an affiliate of Sugianto Kusuma, also known as Aguan, and the Salim Group, declined 4,44% to Rp 11.300, with a market capitalization of Rp 204,72 trillion.
Meanwhile, shares of BUMI rose 3,48% to Rp 476, lifting its market capitalization to Rp 176,76 trillion. BRMS gained 1,24% to Rp 1.220, with a market value of Rp 172,98 trillion, while PT Petrosea Tbk (PTRO) slipped 1,83% to Rp 12.050, translating into a market capitalization of Rp 121,54 trillion.
Shares of FILM remain under trading suspension after surging 655,92% over the past six months. The stock is currently priced at Rp 14.500, with its market capitalization standing at Rp 157,87 trillion.
Meanwhile, PT Semen Indonesia (Persero) Tbk (SMGR), which has been flagged as a potential candidate for removal from the index, edged up 0,38% to Rp 2.620, giving it a market capitalization of Rp 17,69 trillion.
Conclusion
The February 2026 FTSE rebalancing is expected to be an important milestone for several Indonesian stocks, highlighting changes in market capitalization and investor interest. Although the evaluation results are largely seen as final, market dynamics and capitalization thresholds will continue to play a role ahead of the implementation date.
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