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Indonesia Stocks: Astra Agro, Gas Negara, Tiga Pilar Sejahtera

May 9 (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. Jakarta-time close.

The Jakarta Composite index slipped 13.10 points, or 0.3 percent, to 3,785.45, falling for a second day.

PT Astra Agro Lestari (AALI IJ), Indonesia’s largest listed plantation company, climbed 1.5 percent to 23,750 rupiah, the biggest boost to the Jakarta Agricultural Index. Palm oil futures rose as much as 1.8 percent to 3,252 ringgit ($1,089) a metric ton in Kuala Lumpur, reversing a three-day slide. Astra Agro plants only oil palm trees.

PT Astra Graphia (ASGR IJ), which rents and sells office equipment, jumped 6 percent to 890 rupiah, the highest close since May 2000. PT Kim Eng Securities raised the company’s share-price estimate to 1,540 rupiah from 1,355 rupiah, citing higher-than-forecast net income in the first quarter.

PT Perusahaan Gas Negara (PGAS IJ), Indonesia’s largest gas distributor, slid 0.6 percent to 4,200 rupiah. Gas Negara was cut to “underweight” from “overweight” by Stevanus Juanda, an analyst at JPMorgan Chase & Co.

PT Tiga Pilar Sejahtera Food (AISA IJ), the instant-noodle maker, gained 1.5 percent to 700 rupiah, snapping a one-week, 8 percent plunge. Tiga Pilar said 2010 profit doubled from a year earlier to 75.86 billion rupiah ($8.9 million).

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

To contact the editor responsible for this story: Reinie Booysen at rbooysen@bloomberg.net

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