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Indonesia Stock Movers: Astra Agro, Central Omega Resources

Nov. 24 (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 gained 0.2 percent to 3,696.03, reversing earlier losses.

Palm oil producers: PT Astra Agro Lestari (AALI IJ), the nation’s biggest listed plantation company by market value, fell 1.65 percent to 20,800 rupiah and PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP IJ), the third largest, lost 1.1 percent to 2,325 rupiah.

Palm-oil futures fell 2 percent to 3,097 ringgit ($971) a metric ton in Kuala Lumpur, a fourth day of declines.

PT Central Omega Resources (DKFT IJ), which trades and mines minerals, rose 0.7 percent to 3,525 rupiah. Central Omega plans to set up a subsidiary to operate a nickel project in Morowali in Central Sulawesi province at an estimated investment of $500 million, Bisnis Indonesia reported, citing a company statement. Two calls to Central Omega’s office weren’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

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