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Indonesian Stock Movers: Astra Agro, Bumi Resources, Duta Graha

Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of the noon Jakarta-time break.

The Jakarta Composite index rose 0.47 point, or less than 0.1 percent, to 3,915.63. The gauge has gained 2.5 percent this month, the best start of the year since 2010.

Palm oil producers: PT Astra Agro Lestari (AALI) , the nation’s biggest plantation stock by market value, declined 1.9 percent to 20,700 rupiah. PT Bakrie Sumatera Plantations (UNSP) lost 1.7 percent to 285 rupiah. Palm oil futures dropped for a second day, losing as much as 1.2 percent to 3,044 ringgit ($999) a metric ton in Kuala Lumpur.

PT Bumi Resources (BUMI) , Indonesia’s largest coal producer, fell 1 percent to 2,500 rupiah. Indonesia’s December coal exports dropped 3.9 percent from a month earlier to 28.4 million tons, according to data released by the nation’s trade ministry.

PT Duta Graha Indah (DGIK) , a construction services provider, jumped 6.4 percent to 100 rupiah, set for the biggest gain since Jan 16. Asiariver Advisors Pte., a Singapore-based investment company, plans to increase its stake in Duta Graha to 55 percent from 15 percent, Investor Daily Indonesia reported, citing a person it didn’t identify. Duta Graha Corporate Secretary Johan Halim couldn’t be reached when called at his office. Calls to Asiariver’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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