Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.
The Jakarta Composite index (JCI) fell 0.8 percent to 3,808.71.
PT Bank Central Asia (BBCA IJ): The company’s PT BCA Finance unit will sell as much as 1 trillion rupiah ($117 million) of bonds in June to fund its working capital, it said in a prospectus in Bisnis Indonesia. Bank Central Asia, Indonesia’s largest bank by market value, fell 2 percent to 7,200 rupiah.
PT Barito Pacific (BRPT IJ): The Indonesian ethylene maker is considering expanding into the renewable energy and transportation sectors and is looking for opportunities for acquisitions or to set up new units, Bisnis Indonesia reported, citing Loeki Sundjaja Putera, president director at the company. Barito fell 0.9 percent to 1,060 rupiah.
PT Delta Dunia Makmur (DOID IJ): The company, through its PT Bukit Makmur Mandiri Utama unit, may obtain an $800 million syndicated loan this week which will mostly be used to refinance debt, Bisnis Indonesia reported, citing two bank executives it didn’t identify. Delta Dunia was unchanged at 1,260 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com