🔴 Nusantara Hijau Investama is trading 9% down

Nusantara Hijau Investama is trading at IDR 398, down 9.13%; no company-specific event was reported as directly explaining the October 15 decline.

• Coverage described CNGR’s possible Gunbuster Nickel acquisition as preliminary and unconfirmed.
• The IDX fell 1.33% on October 15 amid wider market concerns.
• That broader weakness may have contributed, but does not establish the cause of Nusantara Hijau Investama’s much larger decline.