Nov. 24 (Bloomberg) -- The following stocks may have unusual price changes in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the last close.
The Jakarta Composite index fell 1.7 percent to 3,678.19.
PT Astra International (ASII IJ): Indonesia’s domestic vehicle sales in October rose to 69,129 units from 49,137 units in September and compared with 52,226 units a year earlier, Astra said, citing data from the nation’s automotive industries association. Astra, Indonesia’s biggest automotive retailer, fell 1.4 percent to 54,200 rupiah.
PT Bank Bukopin (BBKP IJ): The Indonesian bank that is looking to boost its capital base may sell subordinated debt rather than offer new shares in a rights issue because of market conditions, Bisnis Indonesia reported, citing Finance Director Tri Joko Prihanto. Bukopin, which is owned by cooperatives, fell 1.5 percent to 660 rupiah.
PT Bank Mandiri (BMRI IJ): Indonesia’s biggest bank by assets provided around $100 million as part of a $600 million syndicated loan to PT Bukit Makmur Mandiri Utama to refinance debt and buy back bonds, Bisnis Indonesia reported, citing a person it didn’t identify. Fransisca Nelwan Mok, a director at Mandiri, confirmed the $100 million loan amount, the report said.
Mandiri dropped 3.4 percent to 7,000 rupiah. PT Delta Dunia Makmur (DOID IJ), the mining services company that owns Bukit Makmur, rose 2.7 percent to 1,130 rupiah.
PT Timah (TINS IJ): Tin for three-month delivery fell 1.7 percent to $23,900 a metric ton in London yesterday, the lowest level since Sept. 27. Timah, Indonesia’s biggest tin producer, retreated 1.8 percent to 2,800 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org