Bloomberg News

Indonesia Stock Movers: Berlian Laju Tanker, Bank Internasional

November 16, 2011

Nov. 16 (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 climbed 0.25 points, or less than 0.1 percent, to 3,814.09.

PT Bank Internasional Indonesia (BNII IJ), a unit of Malaysia’s biggest lender by assets, Malayan Banking Bhd., rose 1.2 percent to 435 rupiah. Bank Internasional raised 2.5 trillion rupiah ($277 million) from a bond sale, according to a person with direct knowledge of the matter.

PT Berlian Laju Tanker (BLTA IJ), Indonesia’s largest shipping company by market value, jumped 6.1 percent to 191 rupiah, the sharpest increase Aug. 10. Berlian reported net income of $140.7 million in the nine months through September compared with a net loss of $36.2 million a year earlier.

PT International Nickel Indonesia (INCO IJ), the nation’s largest producer of the metal, declined 2.2 percent to 3,400 rupiah, the most since Nov. 3. Nickel for three-month delivery dropped for a third day yesterday, losing 1.4 percent to $17,550 a metric ton on the London Metal Exchange, the lowest settlement since Feb. 9.

--Editor: Allen Wan

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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