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) rose 7.48 points, or 0.2 percent, to 3,785.94.
Palm oil producers: PT Bakrie Sumatera Plantations (UNSP IJ) rose 3.3 percent to 470 rupiah, the biggest increase since May 13. PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP IJ), the nation’s second-largest listed plantation company, climbed 1.1 percent to 2,375 rupiah. Palm oil futures gained as much as 0.7 percent to 3,379 ringgit ($1,107) a metric ton in Kuala Lumpur.
PT Astra International (ASII IJ), Indonesia’s largest automotive retailer, slipped 1.9 percent to 58,100 rupiah, set for the lowest close since May 10. The company said Indonesia’s April vehicle sales fell to 60,702 units from 82,058 units a month earlier.
PT Buana Listya Tama (BULL IJ), an Indonesian shipping company, slipped 3.6 percent to 160 rupiah. The company allocated $400 million to $450 million for 2011 to buy vessels, “as the company’s balance sheet could provide the investment,” said Kevin Wong, a director at the company, confirming a report by Investor Daily reported.
To contact the reporter on this story:
Femi Adi in Jakarta at Fadi1@bloomberg.net
To contact the editor responsible for this story: Darren Boey at email@example.com