The Jakarta Composite index fell 0.2 percent to 3,952.82.
PT Agung Podomoro Land (APLN) , a property developer, rose 6.1 percent to 350 rupiah, the steepest increase since Dec. 13. The company plans to buy a 51 percent stake in a hotel on Bali island for 400 billion rupiah ($44 million), Investor Daily Indonesia reported today. Three calls to Agung Podomoro’s office in Jakarta weren’t answered.
PT Astra Agro Lestari (AALI) , Indonesia’s largest publicly-listed plantation company by market value, climbed 0.9 percent to 22,500 rupiah. Palm oil futures rose as much as 0.6 percent to 3,187 ringgit ($1,046) a metric ton in Kuala Lumpur after climbing 1.2 percent yesterday.
PT Vale Indonesia (INCO) , Indonesia’s biggest nickel producer, fell 2.7 percent to 3,575 rupiah, the lowest close since Jan. 19. Nickel futures slid 0.7 percent to $20,555 a metric ton in London yesterday, extending a 3.8 percent plunge on Feb. 10.
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