Ramayana Gains for First Time in 12 Days After Report on Sales

PT Ramayana Lestari Sentosa gained for the first time in 12 days in Jakarta trading after Kontan reported the Indonesian retailer expects sales to rise 14 percent this year and 20 percent next year.

Ramayana advanced 1.5 percent to 690 rupiah as of 11:10 a.m. local time, set for the first increase since Sept. 14. Two calls to the company’s office in Jakarta weren’t answered.

To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net

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