🔴 TBS Energi Utama is trading 6.51% down today amid selloff over MSCI reclassification proposal

TBS Energi Utama is trading at IDR 316.00, down 6.51%, amid broad Indonesian market pressure.

• Reuters reported Indonesia’s benchmark fell over 5% on October 19 after MSCI proposed reclassifying the country from emerging-market to standalone status.
• The proposal raised concerns about foreign outflows. Available reporting points to broad market pressure, with no separate TBS Energi Utama announcement or company-specific catalyst identified in the search results.