Bank Central Asia, Hexindo, Timah: Indonesian Equity Preview
The Jakarta Composite index rose 0.8 percent to 4,166.37 on April 5. The market was closed for a public holiday on April 6.
Metal producers: Nickel for three-month delivery rose 3.1 percent to $18,405 a metric ton in London on April 5 and tin gained 2.1 percent to $23,175 a ton. PT Vale Indonesia (INCO) , the nation’s biggest nickel producer, fell 1.5 percent to 3,250 rupiah and PT Timah (TINS) , the largest tin mining company, was unchanged at 1,830 rupiah.
PT Bank Central Asia (BBCA) : The company’s unit, PT BCA Finance, plans to sell 1 trillion rupiah ($109 million) of bonds next month for working capital, BCA Finance said in a prospectus published in Bisnis Indonesia. Bank Central Asia, Indonesia’s biggest lender by market value, rose 2.6 percent to 7,950 rupiah.
PT Hexindo Adiperkasa (HEXA) : The unit of Hitachi Construction Machinery Co. plans to spend $20 million on capital expenditure for its fiscal year ending March 2013 to open new offices, Kontan reported, citing Finance Director Syamsu Anwar. Hexindo fell 0.9 percent to 10,850 rupiah.
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