March 2 (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 rose 1.1 percent to 4,004.87. The gauge gained 2.8 percent this week, the most since the week ended Dec. 2.
Energy companies: PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, advanced 1.1 percent to 2,300 rupiah and PT Energi Mega Persada (ENRG IJ), the second largest, increased 2.1 percent to 191 rupiah. Crude oil futures climbed over $110 a barrel in New York yesterday before settling at $108.84. Oil was last at $108.08 a barrel.
PT Bakrie Telecom (BTEL IJ), a mobile phone operator, fell 1.9 percent to 260 rupiah. Bisnis Indonesia reported the company will likely sell new shares in a rights offer to raise 900 billion rupiah ($99 million) to repay debt maturing this year. Selling new shares may dilute the stake of existing shareholders. Finance Director Jastiro Abi didn’t answer a call to his mobile phone.
PT Mitra Adiperkasa (MAPI IJ), which runs Starbucks Corp. outlets and Sogo department stores in Indonesia, climbed 3.5 percent to 6,000 rupiah, the highest close since Feb. 3. The retailer’s 2011 revenue rose 25 percent from a year earlier to 5.9 trillion rupiah, Bisnis Indonesia reported, citing Corporate Secretary Fetty Kwartati. Two calls to Mitra Adiperkasa’s office weren’t answered.
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com