Indonesian Stocks: Benakat Petroleum, Medco, Vale Indonesia
The Jakarta Composite Index (JCI) fell 1.2 percent to 4,129.06, the lowest close since March 30.
Energy companies: PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, dropped 1.2 percent to 2,100 rupiah. PT Energi Mega Persada (ENRG) , the second- largest, declined 1.6 percent to 184 rupiah. PT Benakat Petroleum (BIPI) fell 3.4 percent to 198 rupiah, the biggest loss since March 19. Crude futures declined for a fifth day, losing 1 percent to $97.01 a barrel in New York yesterday. The contract last traded at $96.36.
PT Akasha Wira International (ADES) , a producer of bottled drinking water, jumped 24 percent to 1,330 rupiah, the steepest gain since April 5, 2011, after reporting first-quarter net income more than tripled to 13.45 billion rupiah ($1.45 million) from 3.54 billion rupiah a year earlier.
PT Vale Indonesia (INCO) , Indonesia’s biggest nickel producer, retreated 4.4 percent to 2,725 rupiah, the lowest close since Oct. 5. Nickel futures declined as much as 0.9 percent to $17,201 a barrel in London, extending yesterday’s 1.3 percent loss.
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