Indonesian Stocks: Aneka Tambang, Garuda Indonesia, Tiga Pilar
The Jakarta Composite index fell 0.3 percent to 4,146.58, the first drop in three days.
PT Aneka Tambang (ANTM) , Indonesia’s second-largest nickel producer, retreated 2.3 percent to 1,710 rupiah, the lowest close since Jan. 17. Nickel futures declined 2.1 percent to $18,310 a metric ton in London on April 13, the most since April 4. The metal was last trading at $18,061 a ton.
PT Energi Mega Persada (ENRG) , Indonesia’s second- biggest listed oil company, gained 6.3 percent to 185 rupiah, the most since Dec. 21. PT Ciptadana Sekuritas initiated coverage on the stock with a buy recommendation on April 13, saying the company is in a “sweet spot to boost its energy production.”
PT Garuda Indonesia (GIAA) , the national flag carrier, advanced 3.2 percent to 650 rupiah, a record close. The airline signed a memorandum of understanding with Auckland airport to open flights to the New Zealand city, Garuda President Director Emirsyah Satar said.
PT Tiga Pilar Sejahtera Food (AISA) , an instant-noodle maker, jumped 14 percent to 580 rupiah, the most since Oct. 6. The company said net income in 2011 rose 67 percent from a year earlier to 126.9 billion rupiah ($13.8 million).
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