The Jakarta Composite index rose 1.1 percent to 3,903.56, its first gain in five days.
Energy companies: PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, gained 1.1 percent to 2,300 rupiah. Oil for April delivery in New York fell as much as 0.7 percent to $107.84 a barrel in electronic trading and was at $108.46 a barrel at 4 p.m. Singapore time. Futures retreated 1.1 percent to $108.56 a barrel yesterday, snapping the longest winning streak since January 2010.
PT Astra International (ASII) , Indonesia’s largest automotive retailer, rose 1.6 percent to 69,800 rupiah. Astra said 2011 net income rose 24 percent from a year earlier to 17.79 trillion rupiah ($1.9 billion). That compares with the median estimate of 17.43 trillion rupiah in a Bloomberg News survey of 20 analysts. Astra will propose a 10-for-1 stock split at its shareholders meeting in April or May, it also said.
PT Berau Coal Energy (BRAU) , an Indonesian coal mining company, advanced 1.1 percent to 480 rupiah, the first gain in four days. Berau will increase its capital expenditure to $691 million until 2014 from the current target of as much as $475 million, Investor Daily Indonesia reported, citing President Director Rosan Perkasa Roeslani. A call to the company’s office wasn’t answered.
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