Indonesia Stocks: Bank Tabungan Pensiunan, Bumi, Tower Bersama

Indonesia’s Jakarta Composite index climbed 10.61 points, or 0.3 percent, to 3,654.10 at the 4 p.m. local-time close, rising to a record for a second day.

PT Bank Tabungan Pensiunan Nasional (BTPN IJ), the company that specializes in pension loans, jumped 11 percent to 12,650 rupiah, closing at a record. The bank said it plans to raise 1.32 trillion rupiah ($148 million) selling new shares in a rights offer in December to boost capital and expand lending.

PT Bumi Resources (BUMI IJ), Indonesia’s biggest coal producer, declined 1.1 percent to 2,350 rupiah. Bumi said it didn’t make a $150 million debt payment to Bright Ventures from the proceeds of a bond sale as it repaid another debt.

PT Matahari Putra Prima (MPPA IJ), an operator of hypermarkets, gained 6.4 percent to 1,490 rupiah. Matahari asked Merrill Lynch (Singapore) Pte Ltd. to follow up on interests by foreign companies for an investment or partnership with the company, Danny Kojongian, a company spokesman, said.

PT Tower Bersama Infrastructure (TBIG IJ), the operator of telecommunication towers, jumped 19 percent to 2,400 rupiah on its trading debut. The company will allocate $250 million for capital expenditure next year to fund the acquisition of similar telecommunication companies or their assets, Corporate Secretary Helmi Yusma Santoso said today.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net