Bloomberg the Company & Products

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

Communications

Industry Products

Media Services

Follow Us

Indonesia Stock Movers: Medco Energi Internasional, Wijaya Karya

Don't Miss Out —
Follow us on:

Aug. 16 (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 fell 6.75 points, or 0.2 percent, to 3,953.28, declining for the first time in five days.

Oil companies: PT Medco Energi Internasional (MEDC IJ), the nation’s biggest listed oil company, fell 2.9 percent to 2,525 rupiah and PT Energi Mega Persada (ENRG IJ), the second-largest, dropped 4.8 percent to 200 rupiah. Crude for September delivery fell 1.2 percent to $86.86 a barrel in New York.

PT Timah (TINS IJ), Indonesia’s largest tin producer, declined 2.2 percent to 2,275 rupiah. Tin futures fell as much as 2.5 percent to $23,850 a metric ton in London, extending yesterday’s 1 percent slide.

PT Wijaya Karya (WIKA IJ), a state-owned construction company, climbed 1.6 percent to 620 rupiah. Wijaya Karya received a 500 billion rupiah ($58.6 million) loan from IKB Deutsche Industriebank AG which will be used to finance the construction of a power plant in Bali, Investor Daily Indonesia reported, citing Wijaya Corporate Secretary Natal Argawan. A call to the company’s office in Jakarta wasn’t answered.

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.