Indonesian Equity Movers: Aneka, Astra Agro Lestari, Tanah Laut
The Jakarta Composite index rose 0.5 percent to 3,880.82, advancing for a third day.
Palm oil producers: PT Astra Agro Lestari (AALI) , the nation’s biggest listed plantation company by market value, rose 2.2 percent to 20,700 rupiah, the first increase in seven days. PT Bakrie Sumatera Plantations (UNSP) advanced 4.5 percent to 162 rupiah and PT BW Plantation (BWPT) gained 1.4 percent to 1,450 rupiah.
Palm oil futures rose as much as 1.5 percent to 2,943 ringgit ($932) a metric ton in Kuala Lumpur, extending yesterday’s 1.8 percent increase.
PT Aneka Tambang (ANTM) , a nickel and gold producer, rose 3.9 percent to 1,330 rupiah. Gold is seen climbing for an eighth day in London in the longest rally since July as concern about Europe’s debt crisis boosts demand for the metal as a protection of wealth. Bullion for immediate delivery rose 0.1 percent to $1,629.15 an ounce by 9:21 a.m. in London.
PT Tanah Laut (INDX) , a marine and logistics services company, jumped 34 percent to 235 rupiah, its steepest increase since May 9. The company obtained a contract from PT Bumi Resources to move 2.5 million tons of coal over a one-year period, Investor Daily Indonesia reported, citing Ismi Apriyan Buana, a director at Tanah Laut. Buana couldn’t be reached when called at his office.
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