Bloomberg News

Indonesia Stock Movers: Astra Agro Lestari, Bank Mandiri, Timah

March 09, 2012

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 3,991.54, paring this week’s decline to 0.3 percent.

Palm oil producers: PT Astra Agro Lestari (AALI) , the nation’s biggest listed plantation company by market value, rose 1.1 percent to 22,600 rupiah. PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP) , the second largest, gained 2.7 percent to 2,875 rupiah, a record close.

Palm oil futures rose as much as 2 percent to 3,368 ringgit ($1,120) a metric ton on the Malaysia Derivatives Exchange, the highest level since June 7.

PT Bank Mandiri (BMRI) , Indonesia’s biggest lender by assets, climbed 0.8 percent to 6,600 rupiah, the highest close since Feb. 2. Mandiri said 2011 profit surged 33 percent from a year earlier to 12.2 trillion ($1.3 billion). The median estimate was 12.3 trillion rupiah in a Bloomberg News survey of 28 analysts.

PT Timah (TINS) , Indonesia’s largest tin producer, advanced 1.1 percent to 1,890 rupiah. Tin futures gained 2.4 percent to $22,775 a metric ton in London yesterday, the steepest increase since Feb. 21.

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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