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

Indonesia Stocks Movers: Bakrie Sumatera, Timah, Vale Indonesia

March 1 (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 0.6 percent to 3,962.28.

Palm oil producers: PT Astra Agro Lestari (AALI IJ), the nation’s biggest listed plantation company by market value, fell 0.7 percent to 22,150 rupiah. PT Bakrie Sumatera Plantations (UNSP IJ), lost 1.7 percent to 290 rupiah.

The May-delivery contract fell as much as 1.1 percent to 3,233 ringgit ($1,076) a metric ton on the Malaysia Derivatives Exchange.

PT Timah (TINS IJ): Indonesia’s largest tin producer, dropped 1.5 percent to 1,940 rupiah. Timah will manage its capital expenditure spending over a set period of time and may spend 1.8 trillion rupiah this year, Corporate Secretary Abrun Abubakar said by phone in Jakarta today. The Jakarta Globe reported today the company will cut its capital expenditure from an earlier estimate of 3 trillion rupiah.

PT Vale Indonesia (INCO IJ), the nation’s largest producer of the metal, dropped 2.1 percent to 3,550 rupiah. Nickel futures retreated 2.6 percent to $19,255 a metric ton in London yesterday.

To contact the reporter on this story: Femi Adi in Jakarta at fadi1@bloomberg.net

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