Indonesia Stock Movers: Adira Dinamika, Astra Agro, Energi Mega

Nov. 14 (Bloomberg) -- Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses and prices are as of the close in Jakarta.

The Jakarta Composite index increased 1.4 percent to 3,833.04, the first gain in three days.

PT Adira Dinamika Multi Finance (ADMF IJ), a financing company, jumped 8.4 percent to 12,300 rupiah, the highest close since Aug. 4. Adira plans to sell 2 trillion rupiah ($223 million) of bonds next month to help fund its vehicle-financing business, the company said in a prospectus published in Bisnis Indonesia.

PT Astra Agro Lestari (AALI IJ), Indonesia’s largest publicly traded plantation company by market value, gained 2.1 percent to 21,950 rupiah. Palm oil may climb to 4,000 ringgit ($1,277) a metric ton by the end of June, the highest level since 2008, as output slows in Indonesia and Malaysia amid “buoyant” demand, said Dorab Mistry, director of Godrej International Ltd.

PT Energi Mega Persada (ENRG IJ), the second-biggest listed oil company, rose 4.5 percent to 162 rupiah. Crude-oil futures rose 1.2 percent to $98.99 a barrel in New York on Nov. 11, the highest settlement since July 26. Oil last traded at $98.70.

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