🔴 Bank Mandiri is trading 15.27% down as MSCI proposes Indonesia’s reclassification

Bank Mandiri is trading at €5.55, down 15.27%, as investors react to MSCI’s proposal to reclassify Indonesia from emerging-market to standalone status.

• The catalyst is broad to Indonesian markets, not a Bank Mandiri-specific announcement.
• It has raised concerns about benchmark removal and foreign-investor outflows; Reuters reported estimates of substantial potential outflows, and CNBC reported Indonesian shares plunged as downgrade fears mounted.
• MSCI’s proposal remains under consultation; a final decision is expected by June 2027.