Nusantara Hijau Investama is trading at IDR 368.00, up 9.52% on October 22, 2026; no cause is confirmed.

  • The company plans a rights issue of up to US$463 million for two nickel-business acquisitions, debt repayment, and working capital.
  • Shareholder approval is scheduled for November 30; the plan is a possible, unconfirmed catalyst.
  • MSCI’s proposed market reclassification is a broader headwind for Indonesian equities, not a clear explanation; attribution confidence is low.