BREN, CUAN, PTRO Recorded IDR4tn in Trading Value After MSCI Announcement

Key Summary:
- MSCI to disregard UMA as criteria selection into its indexes
- Conglomerate stocks surged following the announcement
- Overall, this is positive for IHSG in terms of liquidity and sentiment
A big win for IHSG following Morgan Stanley Capital International's (MSCI) recent announcement regarding adjustments in selection criteria for several stocks, which were previously subject to special treatment.
Between the lines: MSCI stated it will no longer consider Unusual Market Activity (UMA) from the past 12 months as a criterion to prevent stock additions into its indices.