Indonesian Stock Movers: Toba Bara Sejahtra, XL Axiata

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 0.4 percent to 4,055.2. The gauge has risen 2.5 percent this week, the steepest gain since the week ended March 2.

PT Toba Bara Sejahtra (TOBA IJ), a coal-mining company, jumped 12 percent to 2,125 rupiah on its first trading day after raising 400 billion rupiah ($42.6 million) in an initial public offering to raise working capital, repay debt and fund acquisition and exploration activities.

PT XL Axiata (EXCL IJ), a mobile-phone operator, climbed 0.8 percent to 6,250 rupiah after Investor Daily reported the company plans to repay 900 billion rupiah of loans and is seeking 630 billion rupiah to 720 billion rupiah of bank loans to refinance the debt. Two calls to XL Axiata’s office weren’t answered.

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