Barito Renewables (BREN) stock in focus as Indonesia’s free-float overhaul looms ahead of MSCI May test
Barito Renewables closed at 8,050 rupiah, down 0.6% Friday, as investors watched Indonesia’s proposed 15% minimum free-float rule. Reuters estimates BREN may need to release over $1.8 billion in shares to comply. The Jakarta Composite Index slipped 0.11%. Regulators are considering a three-year transition for affected companies.
