Indonesia Stock Movers: Astra, Delta Dunia, Indofood CBP Sukses
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) advanced 26.42 points, or 0.7 percent, to 3,953.52, extending its record close.
PT Astra International (ASII IJ), the nation’s biggest automotive retailer, jumped 4.5 percent to 68,500 rupiah, the steepest increase since Jan. 25. Indonesia’s domestic vehicle sales in the first six months of 2011 rose 12 percent from a year earlier, Joko Trisanyoto, marketing director at Astra’s unit PT Toyota-Astra Motor, said, confirming an earlier report by Investor Daily Indonesia.
PT Delta Dunia Makmur (DOID IJ), an Indonesian mining contractor, rose 3.9 percent to 1,080 rupiah, the highest close since June 9. The stock was rated “buy” in new coverage by PT Samuel Sekuritas Indonesia, which cited its “attractive valuation.”
PT Indofood CBP Sukses Makmur (ICBP IJ), the nation’s biggest instant-noodle maker which uses wheat for producing the food, increased 2.7 percent to 5,750 rupiah, the highest close since Oct. 28. Goldman Sachs Group Inc. cut its forecast for wheat prices by 26 percent after the U.S. Department of Agriculture reported higher inventories and increasing acreage.
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