Aug. 24 (Bloomberg) -- 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 1.1 percent to 3,880.46.
PT Adira Dinamika Multi Finance (ADMF IJ): The financing company plans to sell 1.5 trillion rupiah ($176 million) of bonds in the fourth quarter this year to help fund motorcycle financing, Bisnis Indonesia reported, citing President Director Stanley Setia Atmadja. Adira rose 1.4 percent to 11,150 rupiah.
PT Adaro Energy (ADRO IJ): Indonesia’s second-largest coal producer agreed to buy a 75 percent stake in coal mining company PT Mustika Indah Permai for $222.5 million from Elite Rich Investment Ltd. Adaro gained 1.1 percent to 2,250 rupiah.
PT Astra Agro Lestari (AALI IJ): Indonesia’s biggest listed plantation company by market value said crude palm oil sales in the January to July period rose 20 percent from a year earlier to 688,888 metric tons. Astra Agro retreated 0.2 percent to 21,550 rupiah.
PT Charoen Pokphand Indonesia (CPIN IJ): The poultry farm operator hired four banks to help it borrow $200 million, according to two people familiar with the matter. The proceeds will be used to refinance debt and for capital expenditure, the person said. Charoen gained 6.7 percent to 2,800 rupiah.
PT Indofood Sukses Makmur (INDF IJ): The company’s first-half net income rose 12 percent from a year earlier to 1.58 trillion rupiah, Indofood said in a statement to the stock exchange. Revenue gained 21 percent to 21.84 trillion rupiah, it said. Indofood, which owns Indonesia’s largest instant-noodle maker, jumped 4.7 percent to 6,750 rupiah.
PT Medco Energi Internasional (MEDC IJ): A venture of Medco and PT Pertamina on Monday halted output at its Tiaka oil field in Central Sulawesi province after about 30 protesters attacked and damaged production facilities, energy regulator BPMigas said. The Tiaka oil field produces 1,600 barrels a day, BPMigas said. Medco, Indonesia’s biggest listed oil company, rose 2.1 percent to 2,450 rupiah.
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