Indonesia Stock Movers: Astra Agro, Central Omega Resources

Shares of the following companies had unusual (JCI) 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 gained 0.2 percent to 3,696.03, reversing earlier losses.

Palm oil producers: PT Astra Agro Lestari (AALI) , the nation’s biggest listed plantation company by market value, fell 1.65 percent to 20,800 rupiah and PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP) , the third largest, lost 1.1 percent to 2,325 rupiah.

Palm-oil futures fell 2 percent to 3,097 ringgit ($971) a metric ton in Kuala Lumpur, a fourth day of declines.

PT Central Omega Resources (DKFT) , which trades and mines minerals, rose 0.7 percent to 3,525 rupiah. Central Omega plans to set up a subsidiary to operate a nickel project in Morowali in Central Sulawesi province at an estimated investment of $500 million, Bisnis Indonesia reported, citing a company statement. Two calls to Central Omega’s office weren’t answered.

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

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