Indonesia Stocks: Bakrieland, Bank Internasional, Semen Gresik

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 rose 1.2 percent to 3,954.76, the highest close since Sept. 9.

Rubber producers: PT Bakrie Sumatera Plantations (UNSP) increased 5.1 percent to 310 rupiah, the biggest gain since Nov. 2. PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP) , the nation’s second-largest listed plantation company by market value, rose 3.1 percent to 2,475 rupiah. Rubber futures advanced to the highest level in more than five weeks, adding 3.8 percent to settle at 291 yen a kilogram ($3,796 a metric ton) in Tokyo.

PT Bakrieland Development (ELTY) , a property developer, gained 7.4 percent to 146 rupiah, the highest close since Sept. 7. Bakrieland expects 2011 revenue growth to have exceeded its estimate of 30 percent, Corporate Secretary Nuzirman Nurdin said today.

PT Bank Internasional Indonesia (BNII) , a unit of Malaysia’s biggest bank by assets, Malayan Banking Bhd., jumped 12 percent to 470 rupiah, its steepest increase since Dec. 9, 2010. Shareholders approved the appointment of Khairussaleh Ramli, chief financial officer of Malayan Banking, as president director of Bank Internasional.

PT Semen Gresik (SMGR) , Indonesia’s largest cement maker, climbed 2.6 percent to 11,850 rupiah, the highest close since at least August 1991. The company may build a cement plant in Kalimantan in 2014 or 2015, Bisnis Indonesia reported, citing Agung Wiharto, investor relations officer at the company. Wiharto couldn’t be reached when called at his office.

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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