Indonesia Stocks: Energi Mega Persada, Berlian Laju, Timah

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) slid 102.38 points, or 2.6 percent, to 3,896.12.

Energy companies: PT Energi Mega Persada (ENRG IJ), the second-largest, slid 3.6 percent to 187 rupiah. PT Benakat Petroleum Energy (BIPI IJ) lost 3 percent to 97 rupiah.

Crude oil slid for a third day in New York and traded at $86.01 a barrel in after-hours trading in New York.

Nickel producers: PT International Nickel Indonesia (INCO IJ), the nation’s largest producer of the metal, retreated 3.2 percent to 3,800 rupiah, set for the steepest drop since Aug. 24. PT Aneka Tambang (ANTM IJ), the second biggest, lost 2.1 percent to 1,860 rupiah. Nickel for three-month delivery declined 4.2 percent to $21,150 a metric ton in London yesterday.

PT Berlian Laju Tanker (BLTA IJ), the Indonesian shipping company, slipped 3.9 percent to 245 rupiah. Berlian Laju’s first-half net income dropped to $23.3 million from $27.9 million in the same period a year earlier.

PT Timah (TINS IJ), Indonesia’s biggest producer of the metal, retreated 4.4 percent to 2,175 rupiah, the most in three weeks in Jakarta trading, as refined tin shipments from Indonesia declined in August from a month earlier.

To contact the reporter on this story: Femi Adi in Jakarta at fadi1@bloomberg.net

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

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