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 slid 0.3 percent to 4,028.54, adding to yesterday’s 0.4 percent drop. The gauge has risen 0.9 percent this week.
PT Astra International (ASII IJ), Indonesia’s largest automotive retailer, fell 2.8 percent to 71,000 rupiah, its sharpest drop since Feb. 24. Bank Indonesia requires banks to set a minimum down payment for vehicle loans under a ruling issued yesterday, the central bank said in a statement on its website today.
PT Bhakti Investama (BHIT IJ), an investment company, surged 21 percent to 345 rupiah, the most since May 31. Reuters reported PT MNC Skyvision, owned by Bhakti’s PT Global Mediacom (BMTR IJ) unit, has reinitiated a plan to raise as much as $400 million through an initial public offering in June after scrapping it last year. Global Mediacom rose 3.5 percent to 1,490 rupiah. Global Mediacom Corporate Secretary Muhamad Budi Rustanto couldn’t be reached when called at his office.
PT Greenwood Sejahtera (GWSA IJ), a property developer, jumped 33 percent to 265 rupiah, the steepest increase since its Dec. 23 trading debut. Greenwood’s 2011 net income rose to 205.2 billion rupiah ($22.4 million) from 13.5 billion rupiah a year earlier, it said today.
PT Jasa Marga (JSMR IJ), Indonesia’s biggest highway operator, gained 2.6 percent to 4,975 rupiah, a record close. Jasa Marga will get a 1.7 trillion-rupiah syndicated loan from four banks to build a toll road in Bali, the Bisnis Indonesia reported, citing Jasa Marga Finance Director Reynaldi Hermansjah. Corporate Secretary Okke Merlina couldn’t be reached when called at her office.
PT Pembangunan Perumahan (PTPP IJ), a state construction company, advanced 4.8 percent to 660 rupiah, the biggest gain since Feb. 21. Pembangunan may sell about 1 trillion rupiah of bonds and medium-term notes, Bisnis Indonesia reported. The company plans to sell as much as 800 billion rupiah of bonds for capital expenditure and to boost its power plant business, the report cited Finance Director Tumiyana as saying. Tumiyana couldn’t be reached when called at his office.