Top entities: GoTo Group, MSCI, Indonesia, London Stock Exchange Group — FTSE Russell, Indonesia — Indonesian rupiah.

What category does this event fall under?

Business — classified as index removal.

What is the sentiment of coverage?

Aggregate sentiment score: -30 on a -100 to +100 scale (negative = critical coverage, positive = favorable coverage).

What were the key actions taken?

MSCI removed GoTo Group · London Stock Exchange Group — FTSE Russell removed GoTo Group

Is this event still developing?

This is an active story, last updated Aug 13, 2026. Coverage continues to evolve.

Business index removal

GoTo removed from MSCI Indonesia index

Q: When did this event occur?

First reported Aug 12, 2026; last updated Aug 13, 2026.

Q: What is the market impact?

General. The removal from MSCI's Indonesia index will likely trigger selling by index-tracking funds, further pressuring GoTo Group's already depressed share price and reducing its liquidity.

Analysis based on 9 articles · First reported Aug 12, 2026 · Last updated Aug 13, 2026

Sentiment

-30

Attention

Articles

Market Impact

General

Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard

Market Impact

The removal from MSCI's Indonesia index will likely trigger selling by index-tracking funds, further pressuring GoTo Group's already depressed share price and reducing its liquidity. This adds to negative sentiment for Indonesian equities and may deter foreign investment in the country's market.

Ride-hailing Financial markets

Event Summary

MSCI announced on August 12, 2026 that it will remove Indonesian ride-hailing giant GoTo Group from its Indonesia index at the end of August. The removal follows a freeze on changes to GoTo Group in late May due to low liquidity concerns. GoTo Group's shares have been stuck at the 50 rupiah minimum trading price since mid-May, and its market value has fallen from about $29 billion to $3.2 billion. London Stock Exchange Group — FTSE Russell had already removed GoTo Group from its global equity index series mid-cap index in June after GoTo Group was listed on the Indonesian stock exchange's development board. GoTo Group stated the decision is technical and not a consequence of business performance, and it will remain in dialogue with MSCI.

Key Actions

90 MSCI removed GoTo Group

70 London Stock Exchange Group — FTSE Russell removed GoTo Group

Entities Involved

stock

GoTo Group

GoTo Group is the subject of the index removal, which will likely lead to forced selling by passive funds and further decline in its stock price. The company's market value has already plummeted from $29 billion to $3.2 billion.

Importance 100.0 Sentiment -80.0

index

MSCI

MSCI is the index provider that decided to remove GoTo Group from its Indonesia index due to liquidity concerns, a routine but significant action affecting index composition.

Importance 80.0 Sentiment 0.0

cnt

Indonesia

Indonesia's equity market faces another setback as a major company is removed from a key index, potentially dampening investor sentiment and foreign investment.

Importance 60.0 Sentiment -30.0

subs

London Stock Exchange Group — FTSE Russell

London Stock Exchange Group — FTSE Russell had previously removed GoTo Group from its global equity index series mid-cap index in June, setting a precedent for the MSCI decision.

Importance 40.0 Sentiment 0.0

curr

Indonesia — Indonesian rupiah

The Indonesian rupiah is the currency in which GoTo Group's shares are traded; the stock's floor price of 50 rupiah is a factor in the liquidity issues leading to the index removal.

Importance 20.0 Sentiment -10.0

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