Indonesia Stocks: Adhi Karya, Astra Agro Lestari, Martina Berto

Shares of the following companies had unusual moves in Indonesia trading. Stock symbols are in parentheses, and prices are as of the noon Jakarta-time break.

The Jakarta Composite index gained 10.17 points, or 0.3 percent, to 3,564.94, rising for a second day.

PT Adhi Karya (ADHI IJ), a state-owned construction company, jumped 7 percent to 900 rupiah, the steepest increase since Dec. 14. The company won a 902 billion-rupiah ($99 million) contract to build three coal-fired power plants, Adhi said in an e-mailed statement today.

PT Astra Agro Lestari (AALI IJ), Indonesia’s largest listed plantation company, gained 3.4 percent to 25,800 rupiah. Palm oil futures rose 0.5 percent to 3,668 ringgit ($1,201) a metric ton in Kuala Lumpur, advancing for the first time in five days. Astra Agro plants only oil palm trees.

PT International Nickel Indonesia (INCO IJ), the nation’s largest producer of the metal, climbed 1.1 percent to 4,700 rupiah. Nickel futures fell 0.5 percent to $25,681 a metric ton in London after surging 4.5 percent yesterday.

PT Martina Berto (MBTO IJ), an Indonesian manufacturer of cosmetics, slumped 11 percent to 660 rupiah on its first trading day after selling 355 million shares at 740 rupiah each in an initial public offering earlier this month.

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

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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