Bakrie Sumatera, Gas Negara, Timah: Indonesian Equity Preview
The Jakarta Composite index rose 2.1 percent to 4,021.10.
Rubber producers: Supplies of rubber are set to exceed demand in the second half, reversing a shortage and pressuring global prices as growth slows in Europe and China, the biggest consumer. Output may top demand by 400,000 metric tons in the six months to December after a seasonal deficit of 150,000 tons in the first half, said Chris Pardey, chief executive officer of RCMA Commodities Asia, a Singapore-based trading company.
PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP) , the nation’s third-biggest listed plantation company by market value, gained 1 percent to 2,450 rupiah and PT Bakrie Sumatera Plantations (UNSP) rose 3.9 percent to 270 rupiah.
PT Perusahaan Gas Negara (PGAS) : Indonesia’s biggest gas distributor will proceed with a decision to increase the selling price of the fuel to compensate for higher natural gas prices, President Director Hendi Prio Santoso said today. The company also plans to pay a cash dividend of 123.75 rupiah a share, it said in a statement. Gas Negara slid 0.7 percent to 3,725 rupiah.
PT Timah (TINS) : Tin futures rose 2.4 percent to $19,705 a metric ton in London yesterday, the steepest increase since March 13. Timah advanced 2.1 percent to 1,490 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.