Indonesia Stock Movers: Indosat, Petrosea, Vale Indonesia

Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses and prices are as of the close in Jakarta.

The Jakarta Composite index fell 0.5 percent to 3,967.08, declining for a second day.

Nickel producers: PT Vale Indonesia (INCO) , the nation’s biggest producer of the metal, dropped 1.4 percent to 3,450 rupiah, the lowest close since Jan. 18. PT Aneka Tambang (ANTM) , the second-largest, lost 1.6 percent to 1,900 rupiah. Nickel futures declined 2.1 percent to $19,075 a ton in London yesterday, the lowest close since Jan. 6.

PT Indosat (ISAT) , the mobile-phone operator in which Qatar Telecom QSC owns a 55.8 percent stake, slid 1.8 percent to 5,350 rupiah. Indosat’s 2011 net income rose to 835 billion rupiah ($91.3 million), from 647.2 billion rupiah a year earlier, missing the median estimate of 1.24 trillion rupiah in a Bloomberg News survey of 18 analysts.

PT Petrosea (PTRO) , a mining and oil services company, rose 5.1 percent to 4,625 rupiah, the highest close since at least August 1991. Petrosea said it won a contract from PT Santan Batubara that includes mining services at the Uskap mine site valued at $188 million.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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