The Jakarta Composite index gained 0.1 percent to 3,980.25, reversing an earlier 0.4 percent decline.
PT Bank Tabungan Negara (BBTN) gained 0.8 percent to 1,200 rupiah, the highest since Feb. 8. Indonesia’s largest mortgage lender posted net income of more than 1 trillion rupiah ($111 million) last year from 915 billion rupiah in 2010, Investor Daily Indonesia reported, citing President Director Iqbal Latanro.
PT Indika Energy (INDY) rose 4.1 percent to 2,550 rupiah, the highest level since Feb. 2. The Indonesian coal producer acquired an 85 percent stake in PT Multi Tambangjaya Utama, a coal company, for $132 million, Bisnis Indonesia reported, citing President Director M. Arsjad Rasjid.
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