April 5 (Bloomberg) -- Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses and share prices are as of the previous close.
The Jakarta Composite Index fell 1.9 percent to 4,134.04.
Energy companies: Crude oil futures declined 2.4 percent to $101.47 a barrel in New York yesterday, the lowest settlement since Feb. 14. Oil was last at $102. PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, lost 1.2 percent to 2,050 rupiah. PT Energi Mega Persada (ENRG IJ), the second largest, fell 1.6 percent to 185 rupiah.
PT Bank Central Asia (BBCA IJ): Indonesia’s biggest bank by market value saw “positive” first-quarter lending growth, President Director Jahja Setiaatmadja said. The shares sank 4.3 percent to 7,750 rupiah.
PT Bank Tabungan Pensiunan Nasional (BTPN IJ): The company plans to acquire a local bank this year to boost its Islamic finance business, Investor Daily Indonesia reported, citing Compliance and Legal Director Anika Faisal. Bank Tabungan is in due diligence and price negotiations with one bank, according to the report. The stock was unchanged at 3,650 rupiah.
PT Nusantara Infrastructure (META IJ): The construction services company plans to seek 10.7 trillion rupiah ($1.17 billion) of infrastructure projects, including toll roads, ports, railways and power plants, Kontan reported, citing President Director Muhammad Ramdani Basri. The company’s unit acquired a 39 percent stake in PT Intisentosa Alam Bahtera, a port operator in Lampung Province, for about $11.7 million, the report said. Nusantara jumped 7.7 percent to 280 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org