Aneka Tambang, Citra Marga, Gresik: Indonesian Equity Preview
The Jakarta Composite index rose 0.2 percent to 4,139.54.
Nickel producers: Nickel futures advanced 3.3 percent to $18,700 a metric ton in London yesterday, the highest settlement since March 21. PT Vale Indonesia (INCO) , the nation’s biggest producer of the metal, fell 1.6 percent to 3,175 rupiah and PT Aneka Tambang (ANTM) , the second largest, slipped 1.7 percent to 1,760 rupiah.
PT Bank Negara Indonesia (BBNI) : The nation’s third- biggest state-owned bank plans to sell $500 million of bonds in the second quarter and has appointed three foreign underwriters for the sale, Kontan reported, citing President Director Gatot Suwondo. Bank Negara Indonesia fell 1.3 percent to 3,850 rupiah.
PT Citra Marga Nusaphala Persada (CMNP) : The toll-road operator will build a 100-kilometer (62 miles) road in South Sumatra to transport coal from mining areas in the province at an estimated investment of 7 trillion rupiah ($764 million), the Jakarta Post reported, citing Operation Director Hudaya Arryanto. Citra Marga rose 4.8 percent to 2,200 rupiah.
PT Semen Gresik (SMGR) : Indonesia’s largest cement producer plans to build two plants at an estimated investment of 7 trillion rupiah, Bisnis Indonesia reported, citing President Director Dwi Soetjipto. Construction may start in 2013 if the company obtains the permits this year, the report said. Semen Gresik rose 2.1 percent to 12,150 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com