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

Atlas Resources, Energi Mega, Medco: Indonesian Equity Preview

May 8 (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 1.4 percent to 4,158.86.

Energy companies: Crude oil futures fell to a three-month low, losing 0.6 percent to $97.94 a barrel in New York yesterday. Oil was last at $97.74. PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, sank 5.5 percent to 2,150 rupiah and PT Energi Mega Persada (ENRG IJ), the second largest, fell 1.6 percent to 183 rupiah.

PT Atlas Resources (ARII IJ): The coal producer plans to raise about 1 trillion rupiah ($108 million) from a bond sale to refinance debt and for working capital, Bisnis Indonesia reported, citing Finance Director Dono Boestami. Atlas fell 2.8 percent to 1,380 rupiah.

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 MEDC IJ <Equity> ENRG IJ <Equity> ARII IJ <Equity>

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.