Astrindo Nusantara Infrastruktur is trading 12.9% down at IDR 81.00 amid broad Indonesian market pressure following MSCI's proposal to reclassify Indonesia from Emerging Market to Standalone Market.
- Reuters reported Indonesian stocks fell more than 5% on October 19 amid those concerns; the price context also shows losses in recent sessions.
- No company-specific catalyst is confirmed; Bitcoin and Ethereum were down only 0.94% and 1.27%, respectively, over 24 hours, an immaterial match for the stock's move.