Bloomberg News

Indonesian Stocks: Energi Mega, Vale Indonesia, Zebra Nusantara

May 22, 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) rose 2.1 percent to 4,021.10, the steepest increase since Feb. 29. The gauge lost 4.7 percent in the past five trading days.

PT Energi Mega Persada (ENRG) , Indonesia’s second- biggest listed oil company, gained 3.6 percent to 171 rupiah, the most since April 20. Energi Mega’s Tonga oil block in the North Sumatra province has begun production with an initial output of 500 barrels per day, the company said.

PT Vale Indonesia (INCO) , the nation’s largest nickel producer, rose 6.3 percent to 2,525 rupiah, the biggest gain since Jan. 27. Nickel for three-month delivery advanced 2.1 percent to $17,185 a metric ton in London yesterday, the most since April 26.

PT Zebra Nusantara (ZBRA) , a Surabaya, East Java-based taxi operator, jumped 18 percent to 183 rupiah, the most since March 19. Zebra Nusantara plans to acquire a compressed-natural- gas distributor within three months as it seeks to boost energy- related revenue amid competition in the transportation business, Bisnis Indonesia reported, citing Jopie Widjaja, a shareholder in the company. Widjaja owns 21.39 percent of Zebra Nusantara, the report said. Corporate Secretary Wijiningsih couldn’t immediately comment on the report when called at her 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


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