Indonesian Equity Movers: Agung Podomoro Land, Astra Agro, Vale

Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices as of the close in Jakarta.

The Jakarta Composite index fell 0.2 percent to 3,952.82.

PT Agung Podomoro Land (APLN IJ), a property developer, rose 6.1 percent to 350 rupiah, the steepest increase since Dec. 13. The company plans to buy a 51 percent stake in a hotel on Bali island for 400 billion rupiah ($44 million), Investor Daily Indonesia reported today. Three calls to Agung Podomoro’s office in Jakarta weren’t answered.

PT Astra Agro Lestari (AALI IJ), Indonesia’s largest publicly-listed plantation company by market value, climbed 0.9 percent to 22,500 rupiah. Palm oil futures rose as much as 0.6 percent to 3,187 ringgit ($1,046) a metric ton in Kuala Lumpur after climbing 1.2 percent yesterday.

PT Vale Indonesia (INCO IJ), Indonesia’s biggest nickel producer, fell 2.7 percent to 3,575 rupiah, the lowest close since Jan. 19. Nickel futures slid 0.7 percent to $20,555 a metric ton in London yesterday, extending a 3.8 percent plunge on Feb. 10.

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