Bhakti Investama, Citra Marga, Indika: Indonesia Equity Preview
The following stocks may have unusual price changes in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the last close.
The Jakarta Composite index gained 0.1 percent to 3,696.26.
Energy companies: Crude oil futures in New York advanced to the highest more than two years, adding as much as 41 cents to $89.60 a barrel in after-hours trading today.
PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, rose 2.4 percent to 3,250 rupiah and PT Benakat Petroleum Energy (BIPI IJ), an oil producer, climbed 1 percent to 105 rupiah.
PT Bhakti Investama (BHIT IJ): The investment company is planning to sell the 15.84 percent stake it owns in toll-road operator PT Citra Marga Nusaphala Persada (CMNP IJ), Kontan reported, citing Darma Putra, a director at Bhakti. Bhakti advanced 5.6 percent to 132 rupiah. Citra Marga rose 1.5 percent to 1,340 rupiah.
PT Bumi Resources (BUMI IJ): The initial public offering of the company’s unit, PT Bumi Resources Minerals, attracted orders of almost 30 times more than the amount of shares offered, the unit said. Bumi Minerals sold 3.3 billion shares at 635 rupiah apiece in an initial share sale from Nov. 30 to Dec. 2, it said. Bumi Resources fell 0.8 percent to 2,975 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org