Indonesian Stock Movers: London Sumatra, Telekomunikasi, Vale

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 1.15 points, or less than 0.1 percent, to 3,917.92. The gauge has fallen 6.3 percent this month, poised for the first monthly drop since November.

Nickel producers: PT Vale Indonesia (INCO IJ), the nation’s biggest nickel producer, lost 3.1 percent to 2,375 rupiah and PT Aneka Tambang (ANTM IJ), the second largest, slid 2.3 percent to 1,300 rupiah, the lowest close since April 28, 2009. Nickel for three-month delivery declined 2.7 percent to $16,550 a metric ton in London yesterday, the steepest drop since April 16.

Rubber producers: PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP IJ) dropped 2 percent to 2,425 rupiah and PT Bakrie Sumatera Plantations (UNSP IJ) lost 2 percent to 245 rupiah. Rubber for November delivery declined as much as 2.2 percent to 265.8 yen a kilogram ($3,350 a metric ton), before settling at 271.7 yen on the Tokyo Commodity Exchange.

PT Surya Esa Perkasa (ESSA IJ), a producer of liquefied petroleum gas, rose 6.3 percent to 1,850 rupiah, the steepest increase since April 19. Surya Esa may obtain a 4.9 trillion rupiah ($516 million) syndicated loan from seven overseas banks, Bisnis Indonesia reported, citing Corporate Secretary Kanishk Laroya. The loan will be used to build an ammonia plant with an annual capacity of 700,000 tons, the report said. Laroya couldn’t be reached when called at his office in Jakarta.

PT Telekomunikasi Indonesia (TLKM IJ), the nation’s largest telephone company, advanced 4 percent to 7,900 rupiah after Barclays Capital rated the stock new overweight with a share-price estimate of 9,000 rupiah.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE