Indonesian Stock Movers: Indofood CBP Sukses, Tri Banyan Tirta
The Jakarta Composite Index (JCI) fell 0.6 percent to 4,009.68, reversing a three-day slide.
PT Indofood CBP Sukses Makmur (ICBP) , Indonesia’s biggest instant-noodle maker, rose 6.8 percent to 6,300 rupiah, the highest since April 30, after it signed a joint-venture agreement with Asahi Group Holdings Southeast Asia Ltd. to produce and market non-alcoholic drinks in Indonesia.
PT Tri Banyan Tirta (ALTO) , a producer of natural spring and mineral water drinks, jumped 50 percent to 315 rupiah on its trading debut after raising 63 billion rupiah ($6.7 million) in an initial public offering last week to fund working capital, repay debt and expand its distribution fleet.
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