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Indonesia Stocks: Astra Agro, Bumi Minerals, Energi Mega Persada

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

The Jakarta Composite index (JCI) fell for a third day, declining 2 percent to 3,679.83. The gauge posted the biggest one-day drop since Nov. 1.

Energy companies: Oil for January delivery slipped 1.3 percent to $97.67 a barrel in New York on Nov. 18. Prices were last at $96.21. PT Energi Mega Persada (ENRG IJ), Indonesia’s second-largest listed oil company, dropped 3.1 percent to 154 rupiah, the sharpest loss in two weeks.

PT Astra Agro Lestari (AALI IJ), Indonesia’s largest publicly traded plantation company by market value, slumped 5.3 percent to 21,550 rupiah, the steepest retreat since Oct. 3. The company is seeking $100 million of financing to replace a loan that will mature in 2012 and cope with global uncertainties that may affect currency volatility and commodity prices, Bisnis Indonesia reported, citing Director Santosa.

PT Bumi Resources Minerals (BRMS IJ) fell 4.9 percent to 580 rupiah, the biggest loss since Nov. 1. Nine-month net income declined to 556.37 billion rupiah ($61 million), from 707.95 billion rupiah a year earlier, as copper and gold production dropped more than 40 percent, the mining company said in an e- mailed statement Nov. 19.

To contact the reporter on this story: Greg Ahlstrand in Jakarta at gahlstrand@bloomberg.net

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

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