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Indonesian Stock Movers: Indofood CBP Sukses, Tri Banyan Tirta

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 0.6 percent to 4,009.68, reversing a three-day slide.

PT Indofood CBP Sukses Makmur (ICBP) , Indonesia’s biggest instant-noodle maker, rose 6.8 percent to 6,300 rupiah, the highest since April 30, after it signed a joint-venture agreement with Asahi Group Holdings Southeast Asia Ltd. to produce and market non-alcoholic drinks in Indonesia.

PT Tri Banyan Tirta (ALTO) , a producer of natural spring and mineral water drinks, jumped 50 percent to 315 rupiah on its trading debut after raising 63 billion rupiah ($6.7 million) in an initial public offering last week to fund working capital, repay debt and expand its distribution fleet.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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