May 24 (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 percent to 3,981.58.
Energy companies: Crude oil for July delivery dropped 2.1 percent to $89.90 a barrel in New York yesterday, erasing gains through 2011. The contract was last at $90.79 in after-hours trading. PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, lost 1.6 percent to 1,900 rupiah and PT Energi Mega Persada (ENRG IJ), the second largest, sank 5.9 percent to 161 rupiah.
PT Garuda Indonesia (GIAA IJ): The national flag carrier signed a preliminary agreement with Accor SA, Europe’s biggest hotel operator, to help attract more passengers, Bisnis Indonesia reported, citing Garuda President Director Emirsyah Satar. The agreement will allow Accor’s members to buy Garuda tickets at discounts, the report said. Garuda declined 1.4 percent to 710 rupiah.
PT Indofood Sukses Makmur (INDF IJ): The parent company of Indonesia’s largest instant noodle maker will sell 2 trillion rupiah ($216 million) of five-year bonds with a coupon rate of 7.25 percent this month, it said in a statement published in Bisnis Indonesia. Indofood rose 1.1 percent to 4,775 rupiah.
PT Kalbe Farma (KLBF IJ): Indonesia’s biggest drug maker set aside between 500 billion rupiah and 1 trillion rupiah to finance acquisitions of pharmaceutical and nutritional product makers, the Jakarta Post reported, citing Director Vidjongtius. Kalbe also plans a stock split with a ratio of five-for-one, the report said. The stock was unchanged at 3,900 rupiah.
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