ESSA Industries Indonesia is trading at IDR 505.00, up 7.45%, amid a broader Indonesian market rebound as investors responded to authorities’ measures addressing MSCI concerns.
- Reuters reported the Jakarta Composite Index rose 3.1% on October 20.
- No clear company-specific announcement explains the move. A report published October 21 says Boy Thohir’s investment vehicle bought 2.25 million ESSA shares on October 19; it does not establish that purchase as the cause of the October 20 rally.