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Indonesia Stocks: Agung Podomoro, Bank Rakyat, Telekomunikasi

Aug. 1 (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 advanced 62.64 points, or 1.5 percent, to 4,193.44, closing at a record.

Banks: Inflation slowed for a sixth month in July, giving the central bank scope to leave interest rates unchanged. Consumer prices rose 4.61 percent last month from a year earlier, the Central Bureau of Statistics said in Jakarta today.

PT Bank Rakyat Indonesia (BBRI IJ), the nation’s biggest bank by revenue, advanced 4.4 percent to 7,200 rupiah, a record close. PT Bank Mandiri (BMRI IJ), the largest by assets, rose 2.6 percent to 8,050 rupiah. Financial stocks were the biggest boost to the composite index today.

PT Agung Podomoro Land (APLN IJ), an Indonesian property developer, jumped 11 percent to 390 rupiah, the biggest increase since Nov. 11, after reporting first-half net income more than doubled from a year earlier to 337.8 billion rupiah ($39.9 million).

PT Delta Dunia Makmur (DOID IJ), a coal mining contractor, declined 4.1 percent to 940 rupiah, the most since June 8, after reporting first-half net income sank 91 percent from a year earlier to 17.85 billion rupiah.

PT Telekomunikasi Indonesia (TLKM IJ), Indonesia’s largest telephone company, gained 2 percent to 7,500 rupiah, the highest close since June 8, after CIMB-GK Securities Pte upgraded the stock to “neutral” from “underperform.”

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

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