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 gained 11.85 points, or 0.3 percent, to 3,549.03, taking its advance this week to 3.6 percent. The gauge fell 8.7 percent since June 30, the biggest quarterly drop since the period ended December 2008.
Energy companies: PT Medco Energi Internasional (MEDC IJ), the nation’s biggest listed oil company, rose 1.2 percent to 2,150 rupiah. PT Benakat Petroleum Energy (BIPI IJ) rose 1.1 percent to 95 rupiah. Oil futures in New York gained 0.2 percent to $82.30 a barrel in after-hours trading, extending yesterday’s 1.2 percent climb.
PT Aneka Tambang (ANTM IJ), Indonesia’s second-biggest nickel producer, jumped 4.2 percent to 1,500 rupiah, the sharpest increase since Feb. 1. The company’s first-half audited net income rose 35 percent from a year earlier to 1.02 trillion rupiah ($116 million), Aneka Tambang said in a statement published in Investor Daily today.
PT Unilever Indonesia (UNVR IJ), the nation’s biggest detergent maker, gained 5.1 percent to 16,500 rupiah, the most since Aug. 10. The shares rose for a second day after Indonesia’s investment coordinating board said yesterday the company’s parent may invest about $600 million to expand its factories and 1.1 trillion rupiah to build a new plant in North Sumatra province.
“We positively view company’s capacity expansion plan as it suggests greater economies of scale,” Merlissa Trisno, a Jakarta-based analyst at CLSA Asia-Pacific Markets, wrote in a note today.