Indonesia Stocks: Agung Podomoro, Astra, Bank Rakyat, Mandiri

Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of the noon Jakarta-time break.

The Jakarta Composite index (JCI) advanced 46.35 points, or 1.1 percent, to 4,177.15, set for a record close.

Banks: Inflation slowed for a sixth month in July, giving the central bank scope to leave interest rates unchanged. Consumer prices rose 4.61 percent last month from a year earlier, the Central Bureau of Statistics said in Jakarta today.

PT Bank Rakyat Indonesia (BBRI IJ), the nation’s biggest bank by revenue, rose 2.2 percent to 7,050 rupiah, on course for a record close. PT Bank Mandiri (BMRI IJ), the largest by assets, increased 1.3 percent to 7,950 rupiah. Financial stocks were the biggest boost to the composite index today.

PT Agung Podomoro Land (APLN IJ), an Indonesian property developer, gained 8.6 percent to 380 rupiah, set for the highest close since Jan. 5, after reporting first-half net income more than doubled from a year earlier to 337.8 billion rupiah ($39.9 million)

PT Astra International (ASII IJ), Indonesia’s biggest auto retailer, advanced 1.9 percent to 71,850 rupiah, the biggest boost to the benchmark index. The company, through its unit PT Astratel Nusantara, will buy a 95 percent stake in an Indonesian toll-road company, Investor Daily Indonesia reported, citing Astra President Director Prijono Sugiarto.

Sugiarto didn’t provide the name of the company or details of the planned transaction, according to the report. Arief Istanto, a spokesman at Astra, couldn’t be reached when called at his office in Jakarta.

PT Delta Dunia Makmur (DOID IJ), a coal mining contractor, declined 2 percent to 960 rupiah, the most since July 15, after reporting first-half net income sank 91 percent from a year earlier to 17.85 billion rupiah.

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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