Bloomberg News

Indonesian Stock Mover Column: Aneka Tambang, Vale Indonesia

January 26, 2012

Jan. 26 (Bloomberg) -- Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of 10:10 a.m. in Jakarta.

The Jakarta Composite index climbed 0.23 point, or less than 0.1 percent, to 3,963.84.

PT Aneka Tambang (ANTM IJ), Indonesia’s second-biggest nickel producer, rose 1.7 percent to 1,760 rupiah, set for the steepest increase since Jan. 11. Aneka expects 2011 revenue may have risen to more than 10 trillion rupiah ($1.1 billion), compared with 8.74 trillion rupiah in 2010, as sales of ferronickel increased, Bisnis Indonesia reported, citing President Director Alwin Syah Lubis. A call to the company’s office wasn’t answered.

PT Vale Indonesia (INCO IJ), the nation’s largest nickel producer, advanced 2.1 percent to 3,675 rupiah. Nickel futures gained 1.5 percent to $20,925 a metric ton in London yesterday, the highest close since Sept. 20. Nickel was at $21,000 a ton in after-hours trading.

--Editor: Chan Tien Hin

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

To contact the editor responsible for this story: Richard Frost at rfrost4@bloomberg.net


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