PHOTO: EPA[JAKARTA] Indonesian shares pared earlier losses on Thursday to close lower after authorities pledged to address MSCI’s transparency concerns, which had led the index compiler to freeze changes and sparked heavy selling for a second consecutive day. Indonesia’s exchange authorities on Thursday said they would work to address MSCI’s concerns. The bourse said it plans to enhance market data transparency and require listed companies to improve ownership disclosures. MSCI’s warning prompted investors to offload Indonesian shares, including major banks and other large-cap companies. Pandu Sjahrir, chief investment officer of sovereign wealth fund Danantara, described the MSCI-driven sell-off as “a good wake-up call” for the Indonesian market.