The Jakarta Composite Index (JCI) rose 0.6 percent to 4,002.95, gaining for a third day.
Metal producers: PT Vale Indonesia (INCO) , the nation’s largest nickel producer, rose 4.2 percent to 3,700 rupiah, the most Jan. 27. PT Aneka Tambang (ANTM) , the second largest, gained 3.1 percent to 1,980 rupiah, the highest close since Aug. 18. PT Timah (TINS) , the biggest tin producer, advanced 2.1 percent to 1,970 rupiah.
Nickel futures rose as much as 1.9 percent to $20,130 a metric ton on the London Metal Exchange, while tin gained as much as 2.3 percent to $24,050 a ton.
PT Bank Rakyat Indonesia (BBRI) , Indonesia’s second- biggest lender by assets, climbed 1.5 percent to 6,900 rupiah. Bank Rakyat posted a 2011 unaudited net income of 14.1 trillion rupiah ($1.6 billion), the company said in a statement on Bank Indonesia’s website without providing a comparative figure. The median estimate for 2011 was 13.5 trillion rupiah, according to a Bloomberg News survey of 29 analysts.
PT Hero Supermarket (HERO) , a supermarket operator, jumped 16 percent to 18,500 rupiah, the steepest increase since Jan. 10, after it said 2011 net income rose 23 percent from a year ago to 273.6 billion rupiah.
PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, gained 3.3 percent to 2,325 rupiah. Crude oil futures rose to a nine-month high, adding as much as 2.1 percent to $105.44 a barrel in New York.
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com