Indonesia Stock Movers: Medco Energi Internasional, Wijaya Karya

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) fell 6.75 points, or 0.2 percent, to 3,953.28, declining for the first time in five days.

Oil companies: PT Medco Energi Internasional (MEDC IJ), the nation’s biggest listed oil company, fell 2.9 percent to 2,525 rupiah and PT Energi Mega Persada (ENRG IJ), the second-largest, dropped 4.8 percent to 200 rupiah. Crude for September delivery fell 1.2 percent to $86.86 a barrel in New York.

PT Timah (TINS IJ), Indonesia’s largest tin producer, declined 2.2 percent to 2,275 rupiah. Tin futures fell as much as 2.5 percent to $23,850 a metric ton in London, extending yesterday’s 1 percent slide.

PT Wijaya Karya (WIKA IJ), a state-owned construction company, climbed 1.6 percent to 620 rupiah. Wijaya Karya received a 500 billion rupiah ($58.6 million) loan from IKB Deutsche Industriebank AG which will be used to finance the construction of a power plant in Bali, Investor Daily Indonesia reported, citing Wijaya Corporate Secretary Natal Argawan. A call to the company’s office in Jakarta wasn’t answered.

To contact the reporter on this story: Berni Moestafa in Jakarta at

To contact the editor responsible for this story: Darren Boey at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.