Bloomberg News

Indonesia Stock Movers: Bank Central Asia, Holcim Indonesia

December 07, 2011

Dec. 7 (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 rose 1.1 percent to 3,793.24, the highest close since Nov. 16.

PT Bank Central Asia (BBCA IJ), Indonesia’s largest bank by market value, rose 2.5 percent to 8,050 rupiah, the biggest boost to the Jakarta Finance Index. The company said today it will provide a 2 trillion rupiah ($221 million) credit to PT Bank Tabungan Negara (BBTN IJ) for housing loans. Bank Central Asia’s lending this year will probably increase by as much as 30 percent, President Director Jahja Setiaatmadja also said. Bank Tabungan gained 1.6 percent to 1,260 rupiah.

PT Holcim Indonesia (SMCB IJ), Indonesia’s third-biggest cement producer, rose for a fifth day, climbing 5.5 percent to 2,100 rupiah, the highest close since Sept. 8. Holcim Indonesia sees 2011 net income rising 21 percent from a year earlier to 1 trillion rupiah, supported by an estimated 30 percent gain in cement sales to 7.3 million metric tons, Bisnis Indonesia reported, citing Irman Andriesjah, Holcim Indonesia’s deputy finance director. Two calls to the company’s office in Jakarta weren’t answered.

--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: Darren Boey at dboey@bloomberg.net


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