Singaraja Putra is trading at IDR 9,650.00, down 6.99%, with the reason for the October 22 decline unclear. - No confirmed company-specific announcement explaining the October 22 drop was found. - Recent reporting describes investor concern over MSCI’s proposed downgrade of Indonesia’s market classification, but does not directly link it to Singaraja Putra’s move. - Major U.S. indices were unchanged in the supplied market context, so broader market direction does not establish a catalyst.