Bloomberg News

Indonesia Stock Movers: Bank Tabungan Negara, Indika Energy

February 20, 2012

Feb. 20 (Bloomberg) -- Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of the close in Jakarta.

The Jakarta Composite index gained 0.1 percent to 3,980.25, reversing an earlier 0.4 percent decline.

PT Bank Tabungan Negara (BBTN IJ) gained 0.8 percent to 1,200 rupiah, the highest since Feb. 8. Indonesia’s largest mortgage lender posted net income of more than 1 trillion rupiah ($111 million) last year from 915 billion rupiah in 2010, Investor Daily Indonesia reported, citing President Director Iqbal Latanro.

PT Indika Energy (INDY IJ) rose 4.1 percent to 2,550 rupiah, the highest level since Feb. 2. The Indonesian coal producer acquired an 85 percent stake in PT Multi Tambangjaya Utama, a coal company, for $132 million, Bisnis Indonesia reported, citing President Director M. Arsjad Rasjid.

--Editor: Darren Boey

To contact the reporter on this story: Greg Ahlstrand in Jakarta at gahlstrand@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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