Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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 Movers: Bank Mandiri, Timah, United Tractors

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 0.9 percent to 3,958.81, its second day of declines.

Banks: PT Bank Mandiri (BMRI IJ), the nation’s biggest bank by assets, dropped 2.3 percent to 6,300 rupiah, the first loss since Feb. 15. PT Bank Rakyat Indonesia (BBRI IJ), the second-largest, fell 1.4 percent to 6,850 rupiah. Inflation may exceed the central bank’s target of a maximum 5.5 percent if the government were to increase subsidized fuel prices by more than 1,000 rupiah a liter, Bank Indonesia Governor Darmin Nasution said today.

“With inflation on the rise, we believe there is no more room to lower interest rates at least in the short term,” Harry Su, head of research at PT Bahana Securities, wrote in a note today. “We advise investors to stay away from interest-rate sensitive sectors: bank, auto and property.”

PT Timah (TINS IJ), Indonesia’s biggest tin producer, fell 1.2 percent to 2,000 rupiah, its first drop in five days. Refined-tin shipments from Indonesia, the world’s largest exporter, may decline 11 percent in the first quarter to 20,000 metric tons, the lowest level in two years, as monsoon rains disrupt mining, according to a Bloomberg News survey.

PT United Tractors (UNTR IJ), Indonesia’s largest heavy equipment seller, dropped 3.3 percent to 28,250 rupiah. The company’s heavy-equipment sales in January fell to 617 units, from 731 units a year earlier, it said in a statement.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.