Indonesian Stocks: Benakat Petroleum, Medco, Vale Indonesia

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) fell 1.2 percent to 4,129.06, the lowest close since March 30.

Energy companies: PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, dropped 1.2 percent to 2,100 rupiah. PT Energi Mega Persada (ENRG) , the second- largest, declined 1.6 percent to 184 rupiah. PT Benakat Petroleum (BIPI) fell 3.4 percent to 198 rupiah, the biggest loss since March 19. Crude futures declined for a fifth day, losing 1 percent to $97.01 a barrel in New York yesterday. The contract last traded at $96.36.

PT Akasha Wira International (ADES) , a producer of bottled drinking water, jumped 24 percent to 1,330 rupiah, the steepest gain since April 5, 2011, after reporting first-quarter net income more than tripled to 13.45 billion rupiah ($1.45 million) from 3.54 billion rupiah a year earlier.

PT Vale Indonesia (INCO) , Indonesia’s biggest nickel producer, retreated 4.4 percent to 2,725 rupiah, the lowest close since Oct. 5. Nickel futures declined as much as 0.9 percent to $17,201 a barrel in London, extending yesterday’s 1.3 percent loss.

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

To contact the editor responsible for this story: Darren Boey at

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