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.
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