Dec. 30 (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 gained 1.1 percent to 3,699.22.
PT Aneka Tambang (ANTM IJ): The state-run gold and nickel producer agreed to buy a 45 percent stake in venture PT Abuki Jaya Stainless Ltd. from its Indian partner JSL Ltd., Bisnis Indonesia reported, citing Aneka Finance Director Djaja M. Tambunan. Aneka owns 55 percent of Abuki, which is developing a nickel pig iron project in North Sulawesi province, Bisnis said. The stock was unchanged at 2,475 rupiah.
PT Bank Agroniaga (AGRO IJ): The Indonesian lender plans to sell shares in a rights offer in the first half of next year to boost capital, Investor Daily Indonesia reported, citing Corporate Secretary Hirawan Nur Kustono. Parent company PT Bank Rakyat Indonesia (BBRI IJ) has given its commitment to help increase the unit’s capital, the report said. Bank Agro, as the lender is known, fell 1.2 percent to 167 rupiah and Bank Rakyat, the nation’s second-biggest bank by assets, was unchanged at 10,600 rupiah.
PT Delta Dunia Makmur (DOID IJ): The Indonesian mining contractor obtained a five-year contract valued at $400 million to $500 million from coal producer PT Berau Coal, Bisnis Indonesia reported, citing Rani Sofjan, a director at Delta. The contract covers overburden removal and coal production at Berau’s Lati mine, the report said. Delta Dunia gained 0.6 percent to 1,610 rupiah.
PT International Nickel Indonesia (INCO IJ): Nickel for three-month delivery dropped 1.2 percent to $23,845 a metric ton in London yesterday on resuming trade after a two-day market holiday. International Nickel, the nation’s largest producer of the metal, was unchanged at 4,800 rupiah.
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