Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of the 4 p.m. Jakarta-time close.
The Jakarta Composite index climbed 41.86 points, or 1.1 percent, to 3,727.798, the highest close since Jan. 6.
PT Astra International (ASII IJ), Indonesia’s biggest automotive retailer, gained 2.6 percent to 58,100 rupiah. The nation’s vehicle sales in March rose 25 percent from a year earlier, PT Mandiri Sekuritas said in a note today. Two calls to Astra’s office in Jakarta weren’t answered.
PT Bank Mandiri (BMRI IJ), Indonesia’s biggest bank by assets, advanced 2.3 percent to 6,800 rupiah. The bank plans to buy a 60 percent stake in insurance company PT Asuransi Dharma Bangsa with the transaction likely to be concluded in the third quarter of this year, Mandiri Finance Director Pahala Mansury said today.
PT Mitrabahtera Segara Sejati (MBSS IJ), a coal transport company, surged 11 percent to 1,780 rupiah on its first trading day after raising 280 billion rupiah ($32 million) in an initial public offering last month to expand its business.