Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Indonesian Stock Movers: Bank Bukopin, Garuda Indonesia, Tiphone

Don't Miss Out —
Follow us on:

Jan. 12 (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 slid 0.14 points, or less than 0.1 percent to 3,909.5, falling for a second day.

PT Bank Bukopin (BBKP IJ), an Indonesian lender, rose 4.8 percent to 660 rupiah, the highest close since Nov. 14. Bukopin plans to sell 1 trillion rupiah ($109 million) of subordinated debt in the first quarter to boost capital, Investor Daily Indonesia reported, citing President Director Glen Glenardi. Corporate Secretary Tantri Wulandari couldn’t be reached when called at her office.

PT Garuda Indonesia (GIAA IJ), the national flag carrier, gained 7.6 percent to 570 rupiah, the highest close since Feb. 18. Bisnis Indonesia reported the government has no objections to overseas investors buying a stake in Garuda. Pujobroto, a spokesman at Garuda, said he couldn’t immediately comment.

PT Tiphone Mobile Indonesia (TELE IJ), which sells the local-branded Tiphone mobile phone, increased 4.8 percent to 325 rupiah on its trading debut. The company raised 410 billion rupiah in an initial public offering last week to help repay debt and fund working capital.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.