Bloomberg News

Indonesia Stock Movers: Bank Rakyat, Bumi Resources, Citra Marga

October 05, 2011

Oct. 5 (Bloomberg) -- Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses and prices are as of the 4 p.m. Jakarta-time close.

The Jakarta Composite index advanced 23.79 points, or 0.7 percent, to 3,293.24, rising for the first time in three days.

Toll-road operators: PT Jasa Marga (JSMR IJ), the nation’s biggest toll-road operator, rose 1.4 percent to 3,700 rupiah. PT Citra Marga Nusaphala Persada (CMNP IJ) gained 2.9 percent to 1,400 rupiah. Indonesia’s ministry of public works said tariff rates of 12 toll roads will be increased starting Oct. 7.

PT Bank Rakyat Indonesia (BBRI IJ), the nation’s second- largest bank by market value, advanced 1.9 percent to 5,400 rupiah after the company said third-quarter lending may have expanded 23 percent to 24 percent from a year earlier.

PT Bumi Resources (BUMI IJ), Asia’s biggest exporter of thermal coal, jumped 7.5 percent to 1,730 rupiah, the steepest increase since Dec. 1. The government raised the benchmark price for thermal coal sales in October to $119.24 a ton from $116.26 a ton in September.

--Editor: Shiyin Chen

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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