🔴 Antam is trading 14.72% down amid IHSG losses and inflation concerns

Antam is trading at IDR 2,550, down 14.72%, amid broad Indonesian market pressure; no clear Antam-specific catalyst surfaced.

• The IHSG fell 1.33% on October 15, as reports cited renewed inflation concerns and warned of further market weakness.
• Antam’s retail gold price rose Rp 4,000 to Rp 2,565,000 per gram on October 16, which does not explain the share decline.