Indonesia Stock Movers: PT Timah, Unilever Indonesia

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

The Jakarta Composite index rose less than 0.1 percent to 3,780.79.

PT Timah (TINS) , Indonesia’s largest tin producer, fell 1.7 percent to 1,730 rupiah. Tin futures declined for a third day in London, dropping as much as 1.4 percent to $19,725 a metric ton.

PT Unilever Indonesia (UNVR) , the nation’s biggest detergent maker, rose 1.7 percent to 17,900 rupiah. The shares gained because of year-end “window dressing,” when fund managers buy better-performing stocks to boost the appearance of their portfolios, according to Ikhsan Binarto, an analyst at PT Indo Premier Securities in Jakarta. Unilever has risen 8.5 percent this year, compared with a 2.1 percent gain in the benchmark index.

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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