Singaraja Putra is trading 12.29% down at IDR 9,100, with the immediate catalyst unclear. - No confirmed company-specific announcement explaining the October 22, 2026 decline was found. - The decline comes amid investor concern over MSCI’s proposed move to reclassify Indonesia from emerging-market to standalone status, which has weighed on Indonesian equities in recent sessions. Available reporting does not establish that concern as the direct cause of this move.