🔴 Antam is trading 4.1% down today amid sharp Indonesian market reversal

Antam is trading at IDR 3,050, down 4.09%, amid a sharp Indonesian market reversal.

• On October 12, the IHSG fell 2.59% to 5,936.14, while basic materials dropped 2.96%; direct causation for Antam is unconfirmed.
• No clear company-specific catalyst was identified. An October 12 report instead discussed Antam’s positive earnings outlook and an analyst buy rating.