Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the noon Jakarta-time break.
The Jakarta Composite index (JCI) advanced 38.12 points, or 1.1 percent, to 3,594.36.
Energy companies: PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, gained 1.8 percent to 2,850 rupiah and PT Energi Mega Persada (ENRG IJ), the second largest, rose 1.6 percent to 127 rupiah.
Oil fell from the highest since September 2008 in New York as U.S. crude inventories rose more than analysts forecast, overshadowing threats to supplies from the conflict in Libya and Middle East unrest. Oil dropped 0.3 percent to $105.47 a barrel in after-hours trading in New York as of 12:21 a.m. Jakarta time.
PT Bank Central Asia (BBCA IJ), Indonesia’s largest bank by market value, rose 0.7 percent to 6,850 rupiah. The company’s 2010 net income gained 25 percent in 2010 from a year earlier to 8.52 trillion rupiah on higher non-operational revenue, Bisnis Indonesia reported, citing data obtained by the newspaper.
PT Mitra Adiperkasa (MAPI IJ), which runs Starbucks Corp. and Burger King Holdings Inc. outlets in Indonesia, gained 4.7 percent to 2,800 rupiah. The Indonesian retailer has allocated 350 billion rupiah for capital spending this year to add new stores, Bisnis Indonesia reported, citing Corporate Secretary Fetty Kwartati.
PT Astra International (ASII IJ), Indonesia’s biggest automotive retailer, gained 0.9 percent to 56,350 rupiah. Indonesia’s February domestic vehicle sales declined to 69,489 units from 73,866 units a month earlier, the company said, citing data from the nation’s automotive industries association.
PT Borneo Lumbung Energi & Metal (BORN IJ), the producer of hard-coking coal, advanced 3.9 percent to 1,610 rupiah, set for the steepest increase since Mar. 8. Borneo said it posted 2010 net income of 348.85 billion rupiah ($40 million) compared with a net loss of 99.78 billion rupiah a year earlier.
To contact the reporter on this story: Femi Adi in Jakarta at fadi1@bloomberg.net
To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net
11 years ago
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