Bank Maybank Indonesia is trading at IDR 164.00, down 5.75%, amid Indonesia’s broader selloff following an MSCI warning that it could reclassify the country as a standalone market, raising fears of foreign investor outflows.
- Reuters reported Indonesian stocks fell more than 5% on October 19, following Friday’s 11.6% plunge.
- No distinct October 19 company-specific catalyst was identified; available evidence points to broad market pressure, not a Maybank-specific announcement.