🔴 Cakra Buana Energi is trading 6.67% down today as shares begin trading without rights entitlements

Cakra Buana Energi is trading at IDR 490.00, down 6.67%, as shares began trading without rights issue entitlements on November 3.

• The rights issue offers new shares at IDR 108 at a 100:260 ratio.
• The rights issue trading and exercise period is scheduled for November 6–12.
• Sector context may have been an additional headwind, but the ex-right transition is the more direct explanation for the decline.