Breaking News

Tweet TWEET

Indonesian Stock Movers: Aneka Tambang, Media Nusantara Citra

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 was little changed, slipping 0.02 percent to 4,015.95, the first decline in four days.

PT Aneka Tambang (ANTM) , the Indonesian nickel and gold producer, climbed 1.1 percent to 1,910 rupiah. Gold is headed for a fifth weekly advance in the longest rally since August. Spot gold traded at $1,758 an ounce at 3:05 p.m. Singapore time, up 1.1 percent this week. It reached $1,761.18 yesterday, the highest level since Dec. 2.

PT Media Nusantara Citra (MNCN) , a media company, gained 7.6 percent to 1,550 rupiah, the highest since it began trading on June 2, 2007. The company’s unaudited 2011 net income rose 47 percent from a year earlier to 1.1 trillion rupiah ($122 million), Media Nusantara said in a stock exchange filing today.

PT Adaro Energy (ADRO) , Indonesia’s second-biggest coal producer, fell 2 percent to 1,920 rupiah. The company’s net income for this year and 2011 cited by the media yesterday were misquoted and the earnings results, which are still being audited, will be published March 30, Adaro said in a statement to the stock exchange. Adaro suggests shareholders “continue to consider market consensus,” it said yesterday.

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.