Bloomberg the Company

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

Follow Us

Industry Products

Indonesia Stocks: Energi Mega, International Nickel, Sidomulyo

Don't Miss Out —
Follow us on:

July 12 (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 declined 57.57 points, or 1.4 percent, to 3,938.02, the steepest drop since May 23.

PT International Nickel Indonesia (INCO IJ), the nation’s largest producer of the metal, retreated 2.3 percent to 4,350 rupiah, the lowest close since Sept. 7. Nickel for three-month delivery declined 2.8 percent to $23,225 a metric ton in London yesterday, the steepest drop since June 2.

PT Alkindo Naratama (ALDO IJ), a manufacturer of paper products, surged 11 percent to 250 rupiah on its first trading day after raising 33.8 billion rupiah ($4 million) selling 150 million shares in an initial public offering this month to buy land and to fund working capital.

PT Energi Mega Persada (ENRG IJ), Indonesia’s second-biggest listed oil company, advanced 1.5 percent to 200 rupiah, the most active stock by trading volume. PT Mandiri Sekuritas raised the company’s share-price estimate by 18 percent to 260 rupiah on increased production at its oil block.

The higher price estimate will provide “positive sentiment” for Energi Mega’s shares in the short term, PT Recapital Securities wrote in a note today.

PT Indo Straits (PTIS IJ), a marine-civil contracting company, climbed 5.3 percent to 1,000 rupiah on its first trading day after raising 95 billion rupiah selling 100 million shares in an initial public offering this month to buy equipment and repay debt.

PT Sidomulyo Selaras (SDMU IJ), a transporter of hazardous chemical materials, gained 6.7 percent to 240 rupiah on its first trading day after raising 53.3 billion rupiah selling 237 million shares in an initial public offering this month to buy trucks, trailers and improve infrastructure.

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.