🔴 BBCA.JK extends losses, falling 3% on MSCI rebalancing and heavy foreign selling

BBCA.JK is trading 3% lower on Monday, continuing a sharp decline driven by significant foreign outflows related to a major index rebalancing.

• The stock is under pressure following a MSCI index rebalancing, effective today, June 1, which prompted a net sell of IDR 2.3 trillion by foreign investors in the last week of May.
• On the last trading day, Friday, May 29, the stock plunged 4.6% to close at IDR 5,700, its lowest level since October 2021, due to the sell-off.
• The current weakness is directly linked to this market-wide event rather than any new company-specific announcements.