Indonesia Stocks: Aneka Tambang, Medco Energi, Mitrabahtera

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

The Jakarta Composite index (JCI) climbed 9.45 points, or 0.3 percent, to 3,695.39, rising for the first time in three days.

PT Aneka Tambang (ANTM IJ), a gold and nickel producer, rose 1.1 percent to 2,325 rupiah. Gold climbed to a record for a second day. Immediate-delivery bullion increased as much as $2.02 to an all-time high of $1,457.75 an ounce before trading at $1,454.35 an ounce.

PT Astra International (ASII IJ), Indonesia’s biggest automotive retailer, gained 2.2 percent to 57,900 rupiah. PT Mandiri Sekuritas said in a note today the nation’s vehicle sales in March rose 25 percent from a year earlier. A call to Astra’s office in Jakarta wasn’t answered.

PT Berau Coal Energy (BRAU IJ), an Indonesian coal producer, advanced 1.9 percent to 540 rupiah. The company’s unit Berau Capital Resources Ltd. has received approval from bondholders to buy back guaranteed senior notes it sold in July 2010, Bisnis Indonesia reported, citing Rosan P. Roeslani, president director at Berau Coal. Roeslani couldn’t be reached when called at his office.

PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, declined 0.9 percent to 2,850 rupiah after oil futures dropped for a second day. Oil for May delivery fell as much as 0.6 percent to $107.72 a barrel in after-hours trading in New York.

PT Mitrabahtera Segara Sejati (MBSS IJ), a coal transport company, gained 7.5 percent to 1,720 rupiah on its first trading day after raising 280 billion rupiah ($32 million) in an initial public offering last month to expand its business.

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

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

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