Bloomberg News

Indonesian Stocks: Astra International, Energi Mega, Gas Negara

May 15, 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 0.2 percent to 4,045.64, the lowest close since March 26.

Energy companies: PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, dropped 1.2 percent to 2,025 rupiah. PT Energi Mega Persada (ENRG) , the second largest, declined 3.5 percent to 168 rupiah. Crude oil fell as much as 0.9 percent to $93.91 a barrel in New York today, extending yesterday’s 1.4 percent slump.

PT Astra International (ASII) , the nation’s biggest automotive retailer, declined 1 percent to 67,950 rupiah, the lowest close since Nov. 21. Indonesia’s domestic auto sales in April dropped to 87,080 units, from 87,918 units a month earlier, the company said, citing data from the Indonesian automotive industries association.

PT Perusahaan Gas Negara (PGAS) , Indonesia’s largest distributor of the fuel, advanced 6.7 percent to 3,975 rupiah, the highest close since Aug. 2. The company raised its gas selling price by as much as 50 percent to $10.13 per million British thermal units for industrial users in Jakarta, West Java and Banten starting May 1, Investor Daily Indonesia reported, citing Heri Yusup corporate secretary at the company. Yusup couldn’t be reached when called at his office.

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


Reviving Keynes
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus