Indonesia Stock Movers: Dian Swastatika, Garuda, London Sumatra

Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses and prices are as of the close in Jakarta.

The Jakarta Composite index (JCI) fell 1.9 percent to 3,783.88, the sharpest drop since Nov 1.

PT Dian Swastatika Sentosa (DSSA IJ), an electricity producer, jumped 20 percent to 16,150 rupiah, the biggest gainer on the composite index. The company’s coal-mining unit expects to double production to 10 million metric tons next year, from an estimated 5 million tons this year, Corporate Secretary Hermawan Tarjono said. The output target was earlier reported by Investor Daily Indonesia.

PT Garuda Indonesia (GIAA IJ), the nation’s largest airline, fell 2.4 percent to 415 rupiah after UBS AG cut its share-price estimate to 490 rupiah from 580 rupiah.

PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP IJ), the nation’s third-largest plantation company by market value, retreated 3.3 percent to 2,175 rupiah. Rubber for April delivery slumped 7.3 percent to settle at 252.7 yen a kilogram ($3,252 a metric ton) on the Tokyo Commodity Exchange yesterday, the lowest close since Dec. 14, 2009.

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

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.