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 Stock Movers: Bakrie Telecom, Mitra Adiperkasa, Medco

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 bmoestafa@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.