Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Indonesia Stock: Bumi, Indo Tambangraya, International Nickel

Nov. 25 (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 fell 1.6 percent to 3,637.19, the lowest close since Oct. 21. The gauge has dropped 3.1 percent this week, a fourth straight weekly decline.

Coal producers: PT Bumi Resources (BUMI IJ), Indonesia’s biggest producer of the fuel, fell 3.6 percent to 2,000 rupiah. PT Indo Tambangraya Megah (ITMG IJ), a unit of Thailand’s biggest coal miner, Banpu Pcl, sank 6.5 percent to 38,700 rupiah. Mining stocks were the biggest decliners among the composite index’s nine industry groups.

Coal prices in Asia are unlikely to recover in 2012 from the first decline in three years as electricity-price controls prompt Chinese and Indian utilities to limit purchases of the fuel. Power-station coal at the Australian port of Newcastle, a benchmark price for Asia, will average about $118 a metric ton next year, according to the median estimate of six analysts and traders surveyed by Bloomberg News. Prices have averaged $122 so far in 2011.

PT International Nickel Indonesia (INCO IJ), the nation’s biggest producer of the metal, dropped 3.2 percent to 3,050 rupiah. Nickel for three-month delivery fell as much as 1.3 percent to $16,855 a metric ton in London, set for the lowest close since Dec. 11, 2009.

To contact the reporter on this story: Berni Moestafa in Jakarta at

To contact the editor responsible for this story: Darren Boey at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.