Indonesia Stock Movers: Astra, Garuda Indonesia, United Tractors

Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses and prices are as of the 4 p.m. Jakarta-time close.

The Jakarta Composite Index (JCI) gained 0.4 percent to 4,036.23

PT Astra International (ASII) , Indonesia’s biggest automotive retailer, rose for the first time in five days, adding 2.6 percent to 71,650 rupiah. PT Federal International, Astra’s financing unit, will offer 2 trillion rupiah ($217 million) of fixed-rate bonds April 13-16, it said in a prospectus published in Investor Daily Indonesia.

PT Garuda Indonesia (GIAA) (GIAA IJ), the national flag carrier, advanced 3.2 percent to 640 rupiah, the highest close since the stock began trading on Feb. 11, 2011. Garuda’s 2011 net income rose to 805.5 billion rupiah, compared with 515.5 billion a year earlier, it said in a statement published in Bisnis Indonesia.

PT United Tractors (UNTR) , Indonesia’s largest heavy- equipment seller, rose 4.5 percent to 31,450 rupiah, a record close. The company sold 769 units in February, compared with 617 units a month earlier, it said in a statement.

To contact the reporter on this story: Greg Ahlstrand in Jakarta at

To contact the editor responsible for this story: Darren Boey at ASII IJ <Equity> GIAA IJ <Equity> INTP IJ <Equity> UNTR IJ <Equity>

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