🔴 Emtek is trading 5% down amid broader Indonesian market and technology-sector weakness

Emtek is trading at IDR 318.00 (-5.36%) amid broader Indonesian market and technology-sector weakness, with no confirmed company-specific catalyst for the decline.

• On October 23, Emtek purchased 424.44 million Bukalapak shares, raising its stake to 11.08%; reporting did not link the transaction to the drop.
• On October 27, the IHSG fell 1.99%, while technology stocks were among the weakest sectors, down 3.16%. This provides market context but does not establish a direct cause for Emtek’s move.