Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.
The Jakarta Composite index rose 0.2 percent to 3,842.95.
PT Aneka Tambang (ANTM IJ): Gold futures fell from a five-week high as European debt concerns eased, eroding the appeal of the precious metal as a haven. Gold for August delivery dropped 0.2 percent to settle at $1,544 an ounce in New York yesterday. Aneka, an Indonesian gold and nickel producer, fell 1.2 percent to 2,125 rupiah.
PT Bayan Resources (BYAN IJ): The coal producer expects net income to more than double to as much as 2.02 trillion rupiah ($237 million) this year as coal production and sales increase, Bisnis Indonesia reported, citing Director Soedjoko Tirtosoekotjo. Bayan gained 2.4 percent to 19,000 rupiah.
PT Tiga Pilar Sejahtera Food (AISA IJ): The instant-noodle maker plans to acquire a 12,000-hectare oil-palm plantation in Indonesia’s Riau province and a rice processing plant in West Java with a monthly capacity of 10,000 tons, Kontan reported, citing President Director Joko Mogoginta. Tiga Pilar has allocated 1.3 trillion rupiah for capital expenditure this year to help fund the acquisition plans, the report said. The stock rose 1.5 percent to 660 rupiah.