The Jakarta Composite index rose 0.6 percent to 3,991.54.
Metal producers: Nickel futures advanced 2.7 percent to $19,300 a metric ton in London on March 9, the steepest gain since Jan. 26. Tin rose 2.1 percent to $23,250 a ton. PT Vale Indonesia (INCO) , the nation’s largest nickel mining company, was unchanged at 3,475 rupiah and PT Timah (TINS) , the biggest tin producer, climbed 1.1 percent to 1,890 rupiah.
PT Adhi Karya (ADHI IJ): The state-owned construction company will increase the size of its planned bond sale to 1.5 trillion rupiah ($164 million) from 1 trillion rupiah, Investor Daily reported, citing President Director Kiswodarmawan. The additional proceeds will be used for debt payments while the rest will fund business expansion, according to the report. The stock fell 1.4 percent to 720 rupiah.
PT Bayan Resources (BYAN) : The coal producer will seek $700 million of loans for capital expenditure and working capital to develop its business, including expanding into India, Bisnis Indonesia reported, citing Jenny Quantero, a director at the company. Bayan was unchanged at 18,050 rupiah.
PT Mitra Adiperkasa (MAPI) : The Indonesian retailer plans to open 30 Starbucks Corp. cafes, 10 Burger King Holdings Inc. restaurants and two Domino’s Pizza Inc. outlets this year, Kontan reported, citing Corporate Secretary Fetty Kwartati. The company operates 120 Starbucks cafes, 27 Burger King and 34 Domino’s Pizza outlets in Indonesia, the report said. Mitra Adiperkasa was unchanged at 5,950 rupiah.
PT Ramayana Lestari Sentosa (RALS) : The retailer expects net income to rise 20 percent this year, Bisnis Indonesia reported, citing Director Setyadi Surya. Revenue will likely increase to 7.5 trillion rupiah from 6.59 trillion rupiah a year earlier, the report said. Ramayana was unchanged at 800 rupiah.
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