Oct. 17 (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 slid 0.3 percent to 3,664.68.
Energy companies: Crude oil futures climbed to a three-week high on Oct. 14, adding 3.1 percent to $86.80 a barrel in New York. The contract was at $87.27 a barrel in after-hours trading.
PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, was unchanged at 2,325 rupiah and PT Benakat Petroleum Energy (BIPI IJ) rose 1 percent to 98 rupiah.
PT Bakrie & Brothers (BNBR IJ): The investment company said it’s in final negotiations for a new financing facility, which will allow it to resolve issues relating to a $597 million loan arranged by Credit Suisse Group AG. The process, which will be concluded by about Oct. 31, involves partially repaying existing lenders and rolling the balance into a new loan, Bakrie & Brothers said in an e-mailed statement. The stock advanced 1.9 percent to 54 rupiah.
PT Bank Central Asia (BBCA IJ): PT BCA Finance, a unit of the bank, plans to sell as much as 2 trillion rupiah ($226 million) of bonds in the next two years to help fund its vehicle-financing business, Bisnis Indonesia reported, citing President Director Roni Haslim. Bank Central Asia decreased 0.6 percent to 7,950 rupiah.
PT International Nickel Indonesia (INCO IJ): The nation’s biggest nickel producer will pay a 2011 interim dividend of $100 million on Nov. 21, the company said in an e-mailed statement. International Nickel lost 2.4 percent to 3,100 rupiah.
PT Summarecon Agung (SMRA IJ): The property developer has increased this year’s revenue target to 2.5 trillion rupiah from 2.04 trillion rupiah because of higher sales in its housing projects in Jakarta and Serpong, Investor Daily Indonesia reported, citing President Director Johanes Mardjuki. Summarecon gained 2.7 percent to 1,140 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org