🔴 Perusahaan Gas Negara is trading 15% down amid an 11.57% IHSG plunge

Perusahaan Gas Negara is trading at IDR 1,190.00, down 15.00% based on the October 16 close, amid a broad Indonesian market selloff.

• No October 19 trading price was provided.
• The IHSG plunged 11.57%, with 812 stocks declining.
• Coverage linked market pressure to MSCI’s consultation on reclassifying Indonesia as a Standalone Market and a pause in certain index adjustments; this points to market-wide sentiment, not a verified company-specific catalyst.