Bloomberg News

Indonesian Stock Movers: Astra, MNC Sky Vision, Vale Indonesia

July 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 1.7 percent to 3,985.05, the steepest drop since June 14.

Nickel producers: PT Vale Indonesia (INCO) , the nation’s biggest producer of the metal, sank 4.5 percent to 2,675 rupiah, the steepest slide since June 22. PT Aneka Tambang (ANTM) , the second largest, lost 3.6 percent to 1,340 rupiah. Nickel futures retreated 3.3 percent to $16,150 a metric ton in London on July 6.

Oil producers: PT Medco Energi Internasional (MEDC) , the nation’s biggest listed oil company, fell 3.8 percent to 1,760 rupiah, the most since June 14. PT Energi Mega Persada (ENRG) , the second largest, lost 4.1 percent to 141 rupiah. Crude oil futures fell 3.2 percent to $84.45 a barrel in New York on July 6. Oil was last at $84.63 after-hours trading.

PT Astra International (ASII) , Indonesia’s biggest automotive retailer, declined 2.9 percent to 6,750 rupiah. Bisnis Indonesia reported Indonesia’s June domestic motorcycle sales fell 11 percent from a month earlier to 550,468 units.

PT MNC Sky Vision (MSKY IJ), a pay-television operator, gained 1.3 percent to 1,540 rupiah on its first trading day. The company raised 2.1 trillion rupiah ($222 million) in an initial public offering to fund capital expenditure and repay debt.

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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