Shares of the following companies may have unusual (JCI) moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.
The Jakarta Composite index dropped 0.6 percent to 3,759.61, falling for a second day. The gauge lost 0.5 percent last week.
Banks: Bank Indonesia Governor Darmin Nasution told the nation’s commercial lenders to lower borrowing costs as Southeast Asia’s biggest economy looks to domestic consumption to drive growth amid a global slowdown.
PT Bank Mandiri (BMRI) , Indonesia’s biggest lender by assets, gained dropped 0.8 percent to 6,600 rupiah, PT Bank Rakyat Indonesia (BBRI) , the largest by revenue, slipped 0.7 percent to 6,700 rupiah, and PT Bank Negara Indonesia (BBNI) , the third-biggest state-owned bank by market value, rose 1.3 percent to 3,925 rupiah.
Coal producers: Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, rose 0.2 percent in the week ended Dec. 9, according to the globalCOAL NEWC Index. PT Bumi Resources (BUMI) , Asia’s largest exporter of power-station coal, gained 1.2 percent to 2,200 rupiah and PT Adaro Energy (ADRO IJ), the second largest, slipped 3.5 percent to 1,920 rupiah.
PT Renuka Coalindo (SQMI) : The Indonesian coal producer said it expects to boost annual coal output at its wholly owned unit, PT Jambi Prima Coal, to at least 1 million tons next year, Renuka President Director Ganesh Mane said by telephone in Jakarta on Dec. 9. Jambi Prima, which has begun operating a mine in Jambi province in Sumatra, is producing 50,000 tons to 60,000 tons of coal a month, Mane said. Renuka jumped 9.3 percent to 295 rupiah.
PT Sumber Alfaria Trijaya (AMRT) : The company that runs Alfamart minimarkets in Indonesia expects 2012 sales to grow 20 percent to 21.6 trillion rupiah from this year’s target of 18 trillion rupiah, Bisnis Indonesia reported, citing Pudjianto, a director at the company. Sumber Alfaria was unchanged at 4,500 rupiah.
To contact the reporter on this story: Femi Adi in Jakarta at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org