Aug 12 (Reuters) - Indonesian ride-hailing giant GoTo Gojek

Tokopedia will be removed from MSCI's ( MSCI ) Indonesia index

at the end of this month, the index provider said on Wednesday,

dealing another setback to the country's equity markets.

GoTo, once valued at about $29 billion and among Indonesia's

most valuable companies, has seen its market value fall to $3.2

billion, with its shares stuck at 50 rupiah, or less than a U.S.

cent, since mid-May.

On the exchange's main trading boards, 50 rupiah is the

minimum trading price.

MSCI ( MSCI ) froze changes to GoTo in its indexes in late May over

concerns that the company's low liquidity could make it

difficult for index-tracking investors to trade the stock in

sufficient size.

FTSE Russell in June removed GoTo from its global equity

index series (GEIS) mid-cap index after the company was listed

on the Indonesian stock exchange's development board, a market

that does not meet FTSE Russell's eligibility criteria for GEIS.

GoTo did not immediately respond to Reuters' request for

comment outside business hours.

MSCI ( MSCI ), in its August index review, added 55 companies to its

All Country World Index, and deleted 92 companies.

($1 = 17,865.0000 rupiah)