Bloomberg News

Indonesia Stock Movers: Bank Bukopin, Energi Mega Persada, Medco

November 23, 2011

Nov. 23 (Bloomberg) -- Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses and prices are as of 10:33 a.m. in Jakarta.

The Jakarta Composite index fell 1.6 percent to 3,677.59, set for the lowest close since Oct. 21.

Energy companies: PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, declined 3.2 percent to 2,300 rupiah, heading for the sharpest drop since Oct. 20. PT Energi Mega Persada (ENRG IJ), the second-largest, lost 2.6 percent to 153 rupiah. Crude futures slipped as much as 1.5 percent to $96.51 a barrel in after-hours trading in New York, erasing yesterday’s 1.1 percent gain.

PT Bank Bukopin (BBKP IJ), an Indonesian lender, retreated 3.1 percent to 620 rupiah. Bukopin’s net income of 458 billion rupiah ($50 million) in the nine months through September was “slightly” lower than the consensus estimate, PT Kim Eng Securities wrote in a note. The bank is forecast to post full- year net income of 644 billion rupiah, Kim Eng said.

--Editor: Shiyin Chen

To contact the reporter on this story: Berni Moestafa in Jakarta at

To contact the editor responsible for this story: Darren Boey at

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