Indonesia Stocks Movers: Bakrie Sumatera, Timah, Vale Indonesia
The Jakarta Composite index fell 0.6 percent to 3,962.28.
Palm oil producers: PT Astra Agro Lestari (AALI) , the nation’s biggest listed plantation company by market value, fell 0.7 percent to 22,150 rupiah. PT Bakrie Sumatera Plantations (UNSP) , lost 1.7 percent to 290 rupiah.
The May-delivery contract fell as much as 1.1 percent to 3,233 ringgit ($1,076) a metric ton on the Malaysia Derivatives Exchange.
PT Timah (TINS) : Indonesia’s largest tin producer, dropped 1.5 percent to 1,940 rupiah. Timah will manage its capital expenditure spending over a set period of time and may spend 1.8 trillion rupiah this year, Corporate Secretary Abrun Abubakar said by phone in Jakarta today. The Jakarta Globe reported today the company will cut its capital expenditure from an earlier estimate of 3 trillion rupiah.
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