Bloomberg News

Indonesia Stocks: Astra, Bank Negara Indonesia, Lippo Karawaci

October 14, 2011

Oct. 14 (Bloomberg) -- Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses and prices are as of the close in Jakarta.

The Jakarta Composite index fell 0.3 percent to 3,664.68, its first drop in five days. The gauge rose 7 percent this week, the biggest gain since the five days ended June 5, 2009.

PT Astra International (ASII IJ), Indonesia’s biggest automotive retailer, which sells Toyota Motor Corp. vehicles, slid 1.4 percent to 66,950 rupiah, the first drop in seven days. Toyota is investigating which car-part supplies may be affected by flooding in Thailand, Bisnis Indonesia reported, citing Joko Trisanyoto, marketing director at PT Toyota-Astra Motor. Trisanyoto couldn’t be reached when called at his office.

PT Bank Negara Indonesia (BBNI IJ), the nation’s third- largest state bank, rose 1.4 percent to 3,725 rupiah, advancing for a fifth day, after CIMB Investment Bank Bhd. upgraded the stock to “outperform” from “neutral.”

PT Lippo Karawaci (LPKR IJ), Indonesia’s biggest property developer by market value, rose 1.6 percent to 650 rupiah after saying it plans to spend as much as 600 billion rupiah ($68 million) to buy back its shares.

--Editor: Matthew Oakley

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

To contact the editor responsible for this story: Shiyin Chen at schen37@bloomberg.net


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