June 7 (Bloomberg) -- 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 gained 8.75 points, or 0.2 percent, to 3,842.95.
Palm oil producers: PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP IJ), the nation’s third-largest listed plantation company by market value, dropped 1 percent to 2,400 rupiah. PT Astra Agro Lestari (AALI IJ), the biggest, fell 0.4 percent to 23,500 rupiah. Palm oil futures in Kuala Lumpur declined for a second day, losing as much as 1.3 percent.
PT Asuransi Harta Aman Pratama (AHAP IJ) surged 34 percent to 215 rupiah, the steepest increase since Jan. 26, 2004. The insurance company plans to merge with a local rival and sell new shares to strengthen capital, Kontan reported today. Asuransi Harta Corporate Secretary Sutjianta couldn’t be reached when called at his office.
PT Bank Negara Indonesia (BBNI IJ), Indonesia’s third-largest state-owned bank, rose 1.3 percent to 3,825 rupiah. The bank obtained a $50 million, two-year loan from Wells Fargo Bank NA to strengthen foreign-exchange liquidity and to improve the composition of its short-term and long-term funding, it said.
PT Bayan Resources (BYAN IJ), an Indonesian coal producer, gained 2.4 percent to 19,000 rupiah, the highest close since its August 2008 trading debut. The company said it obtained a $185 million bank loan to help fund the acquisition of nine companies with mining concessions in Indonesia’s East Kalimantan province.
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org