Bloomberg News

Indonesian Stock Movers: Benakat Petroleum, Energi Mega, Indika

April 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 (JCI) fell 0.3 percent to 4,154.07. The market was closed for a public holiday on April 6.

Coal producers: PT Bumi Resources (BUMI) , Indonesia’s largest producer of the fuel, fell 3.2 percent to 2,275 rupiah, the lowest close since Jan. 3. PT Indika Energy (INDY) lost 1 percent to 2,450 rupiah. Indonesia, the world’s largest exporter of power-station coal, cut the benchmark price for April sales to $105.61 a ton, the lowest in 16 months, according to data released by the energy ministry.

Oil producers: PT Energi Mega Persada (ENRG) , the nation’s second-biggest listed oil company, fell 1.6 percent to 184 rupiah. PT Benakat Petroleum Energy (BIPI) lost 1 percent to 196 rupiah, the lowest close since Dec. 19. Crude oil futures dropped as much as 1.4 percent to $101.87 a barrel in New York.

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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