Emtek is trading at IDR 350.00, down 9.79%, amid Indonesian market weakness and concerns over MSCI’s proposal to reclassify Indonesia as a standalone market.
- The proposal raised concerns about possible foreign-investor outflows and weighed on Indonesian equities.
- On October 15, Indonesia’s composite index fell 1.33%, while the technology sector declined 1.29%. Available reporting identified no separate Emtek-specific announcement, and sources do not explicitly attribute Emtek’s exact move to these factors.