Indonesia Stocks: Astra Agro Lestari, Bank Rakyat, Resource Alam

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 41.34 points, or 1 percent, to 4,174.11, a record close.

PT Astra Agro Lestari (AALI IJ), Indonesia’s biggest plantation stock by market value, climbed 1.1 percent to 23,700 rupiah, the steepest increase since June 30. Astra Agro’s second-quarter net income gained to 615.9 billion rupiah ($73 million) from 364.5 billion rupiah a year earlier as sales increased, the palm oil producer said in a statement to the stock exchange.

PT Bank Rakyat Indonesia (BBRI IJ), the nation’s largest bank by revenue, rose 3.8 percent to 6,900 rupiah, the biggest boost to the Jakarta Finance Index. Banking shares rose as investors anticipated the release of first-half earnings, said Made Suardhini, an analyst at PT Mandiri Sekuritas in Jakarta.

PT Resource Alam Indonesia (KKGI IJ), a coal mining company, jumped 7.8 percent to 6,950 rupiah, the highest close since at least August 1991, after reporting first-half net income tripled from a year earlier to 214 billion rupiah.

PT United Tractors (UNTR IJ), Indonesia’s biggest heavy- equipment seller, surged 7.6 percent to 27,700 rupiah, the most since Nov. 19. United Tractors reported today first-half net income jumped 34 percent from a year earlier to 2.54 trillion rupiah on higher sales.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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