The Jakarta Composite index rose 1.1 percent to 3,866.21.
Energy companies: Crude oil for July delivery fell for a fourth day, losing as much as 2 percent to $81.07 a barrel in after-hours trading in New York. PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, gained 4.3 percent to 1,940 rupiah. PT Energi Mega Persada (ENRG) , the second largest, rose 5.8 percent to 145 rupiah.
PT Krakatau Steel (KRAS) : Indonesia’s largest steel producer plans to invest 1.1 trillion rupiah ($116 million) to expand the loading and unloading capacity at its Cigading port to 25 million tons a year from 10 million tons, Investor Daily Indonesia reported, citing President Director Fazwar Bujang. Krakatau Steel climbed 2.8 percent to 740 rupiah.
PT Bank Himpunan Saudara (SDRA) : Woori Bank, a unit of South Korea’s biggest financial group by assets, plans to buy a 33 percent stake in the company, the two banks said in a joint statement in Kontan. Bank Himpunan advanced 1.8 percent to 570 rupiah.
PT Wijaya Karya (WIKA) : The construction company and its two partners received a $183 million contract from PT Chevron Pacific Indonesia to design and build facilities at its North Duri Development oil field on Sumatra island, Kontan reported, citing a tender document. The group will sign the contract before July this year, the report said, citing Corporate Secretary Natal Argawan Pardede. Wijaya advanced 2.1 percent to 980 rupiah.
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