The Jakarta Composite index fell for a third day, declining 0.6 percent to 3,942.52.
Metal producers: PT Aneka Tambang (ANTM) , Indonesia’s second-largest nickel producer, fell 2.6 percent to 1,850 rupiah. PT Timah (TINS) , the largest tin producer, lost 1.6 percent to 1,860 rupiah. Nickel futures fell 1.7 percent to $18,745 a metric ton in London yesterday and tin slumped 3.1 percent to $22,310 a ton.
PT Berau Coal Energy (BRAU) , a coal producer, rose 3.9 percent to 530 rupiah. Berau sold $500 million of five-year dollar bonds at a yield of 7.25 percent, according to a person with direct knowledge of the matter, who declined to be identified because the details are private.
PT Holcim Indonesia (SMCB) , the nation’s third-biggest cement producer, increased 4.2 percent to 2,500 rupiah, the highest close since Nov. 9, 2010. Holcim’s net income last year rose to 1.06 trillion rupiah ($116 million), from 828 billion rupiah in 2010. The median estimate was for a net income of 1.01 trillion rupiah, according to a Bloomberg News survey of 19 analysts.
PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, dropped 2.2 percent to 2,275 rupiah. Crude futures fell to a two-week low yesterday, losing 1.9 percent to $104.70 a barrel in New York. Oil was last at $105.22 a barrel.
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