Bloomberg News

Indonesia Stocks: Aneka Tambang, Hero Supermarket, Medco Energi

February 21, 2012

Feb. 21 (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 0.6 percent to 4,002.95, gaining for a third day.

Metal producers: PT Vale Indonesia (INCO IJ), the nation’s largest nickel producer, rose 4.2 percent to 3,700 rupiah, the most Jan. 27. PT Aneka Tambang (ANTM IJ), the second largest, gained 3.1 percent to 1,980 rupiah, the highest close since Aug. 18. PT Timah (TINS IJ), the biggest tin producer, advanced 2.1 percent to 1,970 rupiah.

Nickel futures rose as much as 1.9 percent to $20,130 a metric ton on the London Metal Exchange, while tin gained as much as 2.3 percent to $24,050 a ton.

PT Bank Rakyat Indonesia (BBRI IJ), Indonesia’s second- biggest lender by assets, climbed 1.5 percent to 6,900 rupiah. Bank Rakyat posted a 2011 unaudited net income of 14.1 trillion rupiah ($1.6 billion), the company said in a statement on Bank Indonesia’s website without providing a comparative figure. The median estimate for 2011 was 13.5 trillion rupiah, according to a Bloomberg News survey of 29 analysts.

PT Hero Supermarket (HERO IJ), a supermarket operator, jumped 16 percent to 18,500 rupiah, the steepest increase since Jan. 10, after it said 2011 net income rose 23 percent from a year ago to 273.6 billion rupiah.

PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, gained 3.3 percent to 2,325 rupiah. Crude oil futures rose to a nine-month high, adding as much as 2.1 percent to $105.44 a barrel in New York.

--Editor: Richard Frost

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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