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) climbed for a second day, gaining 16.79 points, or 0.4 percent, to 3,997.64.
PT Bank Central Asia (BBCA IJ), Indonesia’s largest lender by market value, rose 0.6 percent to 8,000 rupiah, providing the second-biggest boost to the Jakarta Finance Index. The bank signed an agreement with Nahdlatul Ulama to provide banking services for Indonesia’s biggest Muslim organization, the lender said in a statement on its website today.
PT BFI Finance Indonesia (BFIN IJ), a leasing and consumer financing company, jumped 12 percent to 6,250 rupiah, the steepest increase since Sept. 30. BFI hired Deutsche Bank AG and Standard Chartered Plc to help it borrow at least $50 million, according to a person familiar with the matter. President Director Lay Sioe Ho couldn’t be reached when called at his office in Jakarta.
PT Indosiar Karya Media (IDKM IJ), a television company, surged 15 percent to 1,250 rupiah, the most since Dec. 27. PT Elang Mahkota Teknologi (EMTK IJ) increased its stake in the company to 84.76 percent after completing a tender offer, PT Recapital Securities wrote in a note today. Elang Mahkota climbed 1.6 percent to 1,930 rupiah. Indosiar President Director Handoko and Elang Mahkota Corporate Secretary Titi Maria Rusli couldn’t be reached when called at their offices.
To contact the reporter on this story: Berni Moestafa in Jakarta at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org