🔴 Personel Alih Daya is trading 13.08% down amid broad Indonesian sell-off

Personel Alih Daya is trading at IDR 93.00, down 13.08%, with no confirmed company-specific announcement explaining the fall.

• The decline continued from IDR 107.00 on October 16; on October 19, the session closed at IDR 100.00, down 6.54%.
• The IDX Composite fell 3.6% on October 19 amid investor reaction to MSCI’s possible downgrade of Indonesia from emerging-market status. This is relevant context, but not an established direct cause of Personel Alih Daya’s decline.