🔴 Bank Central Asia is trading 6.86% down today as MSCI proposes Indonesia’s move to standalone status

Bank Central Asia is trading 6.86% down at IDR 4,820, amid concerns over MSCI’s proposal to move Indonesia from emerging-market to standalone status.

• The proposal raised concerns about outflows from index-tracking investors.
• Reuters reported a sharp two-day rout in Indonesian stocks after MSCI’s warning rattled markets.
• Bank Central Asia’s buyback was reported as continuing October 19–21, but available reporting does not establish it as the cause.