Indonesian Stock Movers: Aneka Tambang, Energi Mega, PT Vale
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 0.5 percent to 3,983.43.
PT Aneka Tambang (ANTM) , Indonesia’s second-biggest nickel producer, climbed 3.5 percent to 1,790 rupiah, the steepest increase since Oct. 27. Aneka expects 2011 revenue may have risen to more than 10 trillion rupiah ($1.1 billion), compared with 8.74 trillion rupiah in 2010, as sales of ferronickel increased, Bisnis Indonesia reported, citing President Director Alwin Syah Lubis. Two calls to Aneka’s office weren’t answered.
PT Energi Mega Persada (ENRG) , Indonesia’s second- largest listed oil company, gained 3 percent to 205 rupiah. The company will likely be able to increase the average selling price for its domestic gas sales to $5 per million British thermal units in 2013 from $3.5 in the nine months through September last year, Hendy Soegiarto and Jayden Vantarakis, Jakarta-based analysts at CLSA Asia-Pacific Markets, said in a note today.
PT Vale Indonesia (INCO) , the nation’s largest nickel producer, advanced 4.2 percent to 3,750 rupiah, the highest close since Sept. 16. Nickel futures rose for a third straight day, adding 1.4 percent to $21,225 a metric ton in London.
To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net
To contact the editor responsible for this story: Richard Frost at rfrost4@bloomberg.net
Rate this Page