Jan. 31 (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 0.7 percent to 3,941.69. The gauge has gained 3.1 percent this month, the best start of the year since 2006.
PT Astra Agro Lestari (AALI IJ), the nation’s biggest plantation stock by market value, declined 2.4 percent to 20,600 rupiah. Palm oil futures lost as much as 1.2 percent to 3,044 ringgit ($999) a metric ton in Kuala Lumpur, heading for its first monthly decline since September.
PT Duta Graha Indah (DGIK IJ), a construction services provider, jumped 11 percent to 104 rupiah, the biggest gain since Aug. 25. Asiariver Advisors Pte, a Singapore-based investment company, plans to increase its stake in Duta Graha to 55 percent from 15 percent, Investor Daily Indonesia reported, citing a person it didn’t identify. Duta Graha Corporate Secretary Johan Halim couldn’t be reached when called at his office. Calls to Asiariver’s office weren’t answered.
PT Laguna Cipta Griya (LCGP IJ), a property developer, rose 5.2 percent to 101 rupiah, the highest close since Oct. 23, 2007. Laguna Cipta plans to sell new shares to enter the oil and gas industry as it considers investing $40 million to $50 million in a Sumatra-based oil field, the company said.
--Editor: Chan Tien Hin
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com