Indonesian Stocks: BW Plantation, Perkebunan, Tower Bersama

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 (JCI) rose 0.1 percent to 4,041.56, a one-week high.

Palm-oil producers: Indonesia’s government raised the April palm-oil export tax to 18 percent, from 16.5 percent this month, Deddy Saleh, director general of foreign trade at the Trade Ministry, said in a mobile-phone text message today. The base price for calculating the levy on crude palm oil exports was raised to $1,076 a metric ton from $1,017 a ton.

PT BW Plantation (BWPT) declined 4.7 percent to 1,610 rupiah, the biggest drop since Oct. 4. PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP) lost 1.7 percent to 2,850 rupiah.

PT Tower Bersama Infrastructure (TBIG) , a provider of telecommunication infrastructure to wireless carriers, climbed 0.8 percent to 3,000 rupiah, the highest close since Nov. 2, 2010. The company hired five banks to help arrange a $250 million loan to help fund its purchase of mobile-phone towers and for other capital expenditure requirements.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net.

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

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