Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, prices are as of the noon Jakarta-time break. The Jakarta Composite index (JCI) rose 15.32 points, or 0.4 percent, to 4,038.52
PT Alam Sutera Realty (ASRI IJ), a property developer, rose 2.7 percent to 375 rupiah, set for a record close. The company plans to spend 300 billion rupiah to 500 billion rupiah to acquire 200 hectares to 300 hectares of land in Tangerang, Banten province, Investor Daily reported, citing President Director Tri Ramadi. Ramadi couldn’t be reached when called at his office.
PT Bumi Resources Minerals (BRMS IJ), an Indonesian mining company, gained 1.4 percent to 700 rupiah, after the stock was rated “buy” in new coverage at PT Samuel Sekuritas Indonesia, which said the company “has an ability to manage resource development and operating activities in developing countries.”
PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP IJ), the nation’s third-largest plantation stock by market value, declined 2.1 percent to 2,275 rupiah. Palm oil fell as much as 1 percent to 3,099 ringgit a metric ton in Kuala Lumpur, reversing earlier gains on the exchange.
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