🔴 Ekalya Purnamasari is trading 14.9% down amid MSCI warning-triggered Indonesian market rout

Ekalya Purnamasari is trading at IDR 434.00, down 14.90%, amid Indonesia’s October 16 market rout following MSCI’s proposal to consult on reclassifying the country from emerging-market to standalone status.

• The benchmark fell 10.76% by the first-session close.
• Reuters reported on October 19 that the MSCI warning rattled investor sentiment and sparked the selloff.
• No new company-specific catalyst explaining Ekalya Purnamasari’s move was identified; its October 16 trading volume was 1.01M shares.