🔴 Kian Santang Muliatama is trading 8.5% down amid concerns over MSCI’s proposed standalone-market status

Kian Santang Muliatama is trading 8.54% down at IDR 75.00 amid broader Indonesian market pressure following MSCI’s proposal, though no clear company-specific announcement explains the October 19 move.

• MSCI’s proposal raised concerns about possible foreign fund outflows.
• On October 16, the Jakarta Composite fell as much as 11.4%, while energy shares also weakened.