Indonesia Stocks: Bumi Serpong, London Sumatra, Sejahteraraya

Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of the 4 p.m. Jakarta-time close.

The Jakarta Composite index (JCI) increased 4.03 points, or 0.1 percent, to 3,745.84, rising for a fourth day.

PT Aneka Tambang (ANTM IJ), an Indonesian nickel and gold producer, advanced 1.1 percent to 2,400 rupiah. Gold climbed to a record as investors sought precious metals as hedges against accelerating inflation. Immediate-delivery bullion gained as much as 0.2 percent to $1,478.18 an ounce.

PT Bumi Serpong Damai (BSDE IJ), a property developer, rose 1.2 percent to 870 rupiah. Bumi Serpong expects 4 trillion rupiah ($463 million) of sales this year, spurred by its BSD City project near Jakarta, Investor Daily Indonesia reported, citing President Director Harry Budi Hartanto. The company posted sales of 2.48 trillion rupiah in 2010, according to data compiled by Bloomberg. Hartanto couldn’t be reached when called at his office in Jakarta.

PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP IJ), the nation’s second-largest listed plantation company by market value, jumped 3.2 percent to 2,425 rupiah, the highest close since Jan. 19. Rubber climbed to the highest level in five weeks. The September-delivery contract rose as much as 3.9 percent to 481.9 yen a kilogram ($5,688 a metric ton), the highest level since March 3, and settled at 475.2 yen in Tokyo.

PT Sejahteraraya Anugrahjaya (SRAJ IJ), an Indonesian hospital operator, jumped 67 percent to 200 rupiah on its first trading day after raising 90 billion rupiah ($10 million) in an initial public offering last week to help build a hospital.

To contact the reporter on this story: Berni Moestafa in Jakarta at

To contact the editor responsible for this story: Reinie Booysen at

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