Index provider FTSE Russell has postponed a review of Indonesia over uncertainty in determining the free float of stocks, adding to warnings on investability in south-east Asia’s largest economy.
FTSE will push back a review originally scheduled for March to June, it said in a Monday statement. Indonesian stocks will not be added to or deleted from any FTSE index, and weighting changes will also be halted.
The index provider said its decision was made based on “feedback from FTSE Russell’s External Advisory Committees” and “uncertainty in determining the accurate free float percentages of Indonesian securities” amid “ongoing reform”.
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