Atlas Resources, Energi Mega, Medco: Indonesian Equity Preview

Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.

The Jakarta Composite index fell 1.4 percent to 4,158.86.

Energy companies: Crude oil futures fell to a three-month low, losing 0.6 percent to $97.94 a barrel in New York yesterday. Oil was last at $97.74. PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, sank 5.5 percent to 2,150 rupiah and PT Energi Mega Persada (ENRG) , the second largest, fell 1.6 percent to 183 rupiah.

PT Atlas Resources (ARII) : The coal producer plans to raise about 1 trillion rupiah ($108 million) from a bond sale to refinance debt and for working capital, Bisnis Indonesia reported, citing Finance Director Dono Boestami. Atlas fell 2.8 percent to 1,380 rupiah.

To contact the reporter on this story: Berni Moestafa in Jakarta at

To contact the editor responsible for this story: Darren Boey at MEDC IJ <Equity> ENRG IJ <Equity> ARII IJ <Equity>

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