Negotiators Said to Reach U.S. Budget Deal Easing Cuts
Indonesian Stock Movers: Bank Tabungan Pensiunan, Bumi Serpong
The Jakarta Composite Index (JCI) rose 0.963 point, or less than 0.1 percent, to 4,081.64, the highest close since May 11.
Plantation stocks: PT Bakrie Sumatera Plantations (UNSP) a rubber and palm-oil producer, fell 2.1 percent to 190 rupiah. PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP) slid 1.7 percent to 2,950 rupiah. Rubber dropped to the lowest level in more than two weeks, losing 2.8 percent to $243.5 yen a kilogram ($3,110 a metric ton) in Tokyo. Palm oil futures dropped as much as 1.7 percent to 3,009 ringgit ($953) a metric ton in Kuala Lumpur.
PT Bank Tabungan Pensiunan Nasional (BTPN) , which provides loans to retirees, gained 4.4 percent to 4,125 rupiah, a record close. The company reported first-half net income jumped 57 percent from a year earlier to 920.77 billion rupiah ($97 million).
PT Bumi Serpong Damai (BSDE) , a property developer, rose 5.3 percent to 1,200 rupiah, the biggest increase since June 11. The company is considering buying Kota Deltamas, a housing and industrial estate, Investor Daily Indonesia reported. Corporate Secretary Feniyati Tenggara couldn’t be reached when called at her office.
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