Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Indonesia Stocks: Agung, Bank Tabungan Pensiunan, Medco Energi

Don't Miss Out —
Follow us on:

April 28 (Bloomberg) -- Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in Jakarta.

The Jakarta Composite index rose 4 points, or 0.1 percent, to 3,808.93, closing at a record.

PT Agung Podomoro Land (APLN IJ), Indonesia’s third-biggest property developer by revenue, gained 4.4 percent to 360 rupiah, the highest close since Feb. 21. The company reported an almost fivefold increase in first-quarter net income to 147.9 billion rupiah ($17.2 million).

PT Bank Tabungan Pensiunan Nasional (BTPN IJ), which specializes in pension loans, jumped 17 percent to 3,050 rupiah, the biggest gain since May 26. CIMB-GK Securities Pte. raised the stock’s rating to “outperform” from “neutral.” Bank Tabungan Pensiunan reported yesterday a 76 percent increase in first-quarter net income.

PT Indospring (INDS IJ), a manufacturer of leaf and coil springs for motor vehicles, surged 19 percent to 9,200 rupiah, the steepest increase since Nov. 24. The company said first-quarter net income more than doubled from a year ago to 35.4 billion rupiah.

PT Medco Energi Internasional (MEDC IJ), the nation’s biggest listed oil company, rose 1.9 percent to 2,750 rupiah. Crude oil for June delivery gained as much as 94 cents, or 0.8 percent, to $113.70 a barrel in electronic trading on the New York Mercantile Exchange, the highest since September 2008.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.