Bank Mandiri is trading at €5.55, down 15.27%, amid a sharp sell-off across Indonesian shares following MSCI’s proposal to move Indonesia from emerging-market to standalone status. - The proposal has raised fears of removal from major benchmarks and further foreign-investor outflows. - The proposal is under consultation, with a final decision expected by June 2027; it is a market-wide catalyst, not a company-specific announcement. - Bank Mandiri disclosed branch-office relocations, but available reporting does not link them to the share-price move.