The Jakarta Composite index rose 0.6 percent to 4,002.95.
Energy companies: Crude oil for March delivery rose to the highest level in more than nine months, gaining 2.5 percent to $105.84 a barrel in New York yesterday. Oil for April delivery slid 0.4 percent to $105.83 in electronic trading.
PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, advanced 3.3 percent to 2,325 rupiah. PT Energi Mega Persada (ENRG) , the second-largest, gained 1.1 percent to 192 rupiah.
PT Bank CIMB Niaga (BNGA) : The lender’s 2011 net income rose 28 percent from a year earlier to 3.2 trillion rupiah ($353 million), the Indonesian unit of Malaysia’s CIMB Group Holdings Bhd. said. CIMB Niaga added 2.7 percent to 1,160 rupiah.
PT Pembangunan Perumahan (PTPP) : The state construction company plans to issue 250 billion rupiah of medium-term notes to refinance debt that will mature in June, August and September, Investor Daily Indonesia reported, citing Corporate Secretary Betty Ariana. The company expects net income to rise 28 percent to 308 billion rupiah this year, the report said. Pembangunan Perumahan increased 4.8 percent to 650 rupiah.
PT Tiga Pilar Sejahtera Food (AISA) : The noodle maker plans to invest as much as $180 million to build 18 rice mills in three to four years, Kontan reported, citing Finance Director Sjambiri Lioe. Tiga Pilar was unchanged at 475 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org