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 rose 1.5 percent to 4,049.89, the highest close since May 14.
Rubber producers: PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP IJ) increased 3.8 percent to 2,750 rupiah, the highest close since May 2. PT Bakrie Sumatera Plantations (UNSP IJ) gained 3.6 percent to 200 rupiah, a one-month high. Rubber futures rose for a second day, with the December-delivery contract on the Tokyo Commodity Exchange gaining as much as 2.8 percent to the highest level since June 20.
PT Sampoerna Agro (SGRO IJ), a palm oil producer, advanced 4.1 percent to 3,175 rupiah, the biggest increase since Jan. 9. PT Indo Premier Securities named the stock as its top pick today after initiating coverage on Indonesian plantation stocks with an overweight rating.
PT Wijaya Karya (WIKA IJ), a state-owned construction company, climbed 1.9 percent to 1,060 rupiah, the highest close since May 9. The company got 566 billion rupiah ($60 million) worth of toll-road construction contracts for projects in East Java and West Java provinces, Investor Daily Indonesia reported, citing Corporate Secretary Natal Argawan Pardede. Pardede couldn’t be reached when called at his office.