The Jakarta Composite index rose 1.2 percent to 4,079.38, the biggest gain since Feb. 29. The gauge has risen 6.7 percent this quarter.
PT Bumi Resources (BUMI) , Indonesia’s largest coal producer, rose 2.1 percent to 2,425 rupiah, the most since Feb. 13. Shareholder Bumi Plc appointed Samin Tan as its chairman and ousted co-chairman Nathaniel Rothschild following a board room dispute last year. Bumi owns 29 percent of Bumi Resources.
PT Kimia Farma (KAEF) , the state-owned drug producer, climbed 2.3 percent to 445 rupiah, its first gain since March 15, after reporting 2011 net income climbed to 171.8 billion rupiah ($19 million), from 138.7 billion rupiah a year earlier.
PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, jumped 7.2 percent to 2,225 rupiah, the steepest increase since Oct. 18, 2010. Medco said its 2011 net income rose to $85.1 million from $83.1 million a year earlier, and compared with the mean estimate of $39 million in a Bloomberg survey of six analysts.
PT Timah (TINS) , Indonesia’s largest tin producer, climbed 2.2 percent to 1,870 rupiah. Tin for three-month delivery gained for a second day on the London Metal Exchange yesterday, rising 1 percent to $22,455 a metric ton.
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