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Indonesian Equity Movers: Bank Danamon, Gas Negara, Energi Mega

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May 23 (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 fell 1 percent to 3,981.58.

Energy companies: PT Medco Energi Internasional (MEDC IJ), the nation’s biggest listed oil company, slipped 1.6 percent to 1,900 rupiah, the lowest close since Oct. 5. PT Energi Mega Persada (ENRG IJ), the second-largest, sank 5.9 percent to 161 rupiah. Crude oil in New York declined for a second day, falling as much as 1.2 percent to $90.54 a barrel in electronic trading.

PT Bank Danamon Indonesia (BDMN IJ), which Singapore’s DBS Group Holdings Ltd. plans to acquire, fell 1.7 percent to 5,650 rupiah. Bank Indonesia may cap financial institutions’ ownership of banks at 40 percent, Bisnis Indonesia reported, without saying where it obtained the information. Discussion on the bank ownership regulation is ongoing, Difi Johansyah, a spokesman at the central bank, said without elaborating.

PT Perusahaan Gas Negara (PGAS IJ), Indonesia’s largest gas distributor, rose 3.4 percent to 3,850 rupiah, providing the biggest support to the Jakarta Composite. The company will proceed with a decision to increase the selling price of the fuel to compensate for higher natural gas prices, President Director Hendi Prio Santoso said. Gas Negara also plans to pay a cash dividend of 123.75 rupiah a share, it said in a statement.

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