Indonesian Stock Movers: Bank Tabungan Pensiunan, Bumi Serpong

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 0.963 point, or less than 0.1 percent, to 4,081.64, the highest close since May 11.

Plantation stocks: PT Bakrie Sumatera Plantations (UNSP IJ) a rubber and palm-oil producer, fell 2.1 percent to 190 rupiah. PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP IJ) slid 1.7 percent to 2,950 rupiah. Rubber dropped to the lowest level in more than two weeks, losing 2.8 percent to $243.5 yen a kilogram ($3,110 a metric ton) in Tokyo. Palm oil futures dropped as much as 1.7 percent to 3,009 ringgit ($953) a metric ton in Kuala Lumpur.

PT Bank Tabungan Pensiunan Nasional (BTPN IJ), which provides loans to retirees, gained 4.4 percent to 4,125 rupiah, a record close. The company reported first-half net income jumped 57 percent from a year earlier to 920.77 billion rupiah ($97 million).

PT Bumi Serpong Damai (BSDE IJ), a property developer, rose 5.3 percent to 1,200 rupiah, the biggest increase since June 11. The company is considering buying Kota Deltamas, a housing and industrial estate, Investor Daily Indonesia reported. Corporate Secretary Feniyati Tenggara couldn’t be reached when called at her office.

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