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Indonesia Stocks: Astra Agro Lestari, Renuka Coalindo, Timah

Dec. 9 (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 dropped 0.6 percent to 3,759.61, falling for a second day. The gauge lost 0.5 percent this week.

PT Astra Agro Lestari (AALI IJ), Indonesia’s biggest plantation stock by market value, declined 1.1 percent to 21,800 rupiah. Palm oil futures fell for a second day, losing as much as 0.8 percent to 3,063 ringgit ($972) a metric ton in Kuala Lumpur. Astra Agro plants only oil-palm trees.

PT Renuka Coalindo (SQMI IJ), a coal producer, gained 9.3 percent to 295 rupiah, the highest close since August 2007. The company said today its coal unit PT Jambi Prima Coal is no longer conducting exploration and has begun production.

PT Timah (TINS IJ), Indonesia’s biggest tin producer, fell 1.2 percent to 1,700 rupiah. Tin futures retreated 1.7 percent to $20,150 a ton in London yesterday, the most since Dec. 1.

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

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

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