Indonesian Stock Movers: Benakat Petroleum, Energi Mega, Indika
The Jakarta Composite Index (JCI) fell 0.3 percent to 4,154.07. The market was closed for a public holiday on April 6.
Coal producers: PT Bumi Resources (BUMI) , Indonesia’s largest producer of the fuel, fell 3.2 percent to 2,275 rupiah, the lowest close since Jan. 3. PT Indika Energy (INDY) lost 1 percent to 2,450 rupiah. Indonesia, the world’s largest exporter of power-station coal, cut the benchmark price for April sales to $105.61 a ton, the lowest in 16 months, according to data released by the energy ministry.
Oil producers: PT Energi Mega Persada (ENRG) , the nation’s second-biggest listed oil company, fell 1.6 percent to 184 rupiah. PT Benakat Petroleum Energy (BIPI) lost 1 percent to 196 rupiah, the lowest close since Dec. 19. Crude oil futures dropped as much as 1.4 percent to $101.87 a barrel in New York.
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