Indonesia Stock Movers: Indosat, Petrosea, Vale Indonesia
The Jakarta Composite index fell 0.5 percent to 3,967.08, declining for a second day.
Nickel producers: PT Vale Indonesia (INCO) , the nation’s biggest producer of the metal, dropped 1.4 percent to 3,450 rupiah, the lowest close since Jan. 18. PT Aneka Tambang (ANTM) , the second-largest, lost 1.6 percent to 1,900 rupiah. Nickel futures declined 2.1 percent to $19,075 a ton in London yesterday, the lowest close since Jan. 6.
PT Indosat (ISAT) , the mobile-phone operator in which Qatar Telecom QSC owns a 55.8 percent stake, slid 1.8 percent to 5,350 rupiah. Indosat’s 2011 net income rose to 835 billion rupiah ($91.3 million), from 647.2 billion rupiah a year earlier, missing the median estimate of 1.24 trillion rupiah in a Bloomberg News survey of 18 analysts.
PT Petrosea (PTRO) , a mining and oil services company, rose 5.1 percent to 4,625 rupiah, the highest close since at least August 1991. Petrosea said it won a contract from PT Santan Batubara that includes mining services at the Uskap mine site valued at $188 million.
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