Alam Sutera, Bank Rakyat Indonesia, Timah, Indonesia Stocks info 2 june 2011 : Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of the noon Jakarta time-break.
The Jakarta Composite index (JCI) climbed 10.49 points, or 0.3 percent, to 3,847.46, advancing for a second day. The market will be closed tomorrow for a public holiday.
Banks: PT Bank Rakyat Indonesia (BBRI IJ), the nation’s biggest lender by revenue, rose 0.8 percent to 6,400 rupiah. PT Bank Central Asia (BBCA IJ), the largest by market value, gained 1.4 percent to 7,200 rupiah. Financial stocks gained on the prospect cooling inflation will ease pressure on the central bank to raise interest rates.
Indonesia’s inflation slowed for a fourth straight month with consumer prices rising 5.98 percent in May from a year earlier, compared with a 6.16 percent gain in April, the central statistics office said today.
PT Alam Sutera Realty (ASRI IJ), an Indonesian property developer, jumped 9.7 percent to 340 rupiah, set for the highest close since its December 2007 trading debut, after the company said first-quarter net income more than doubled from a year earlier to 158.5 billion rupiah ($18.6 million).
PT Timah (TINS IJ), Indonesia’s largest tin producer, rose 1.9 percent to 2,650 rupiah, on course for the steepest increase since May 18. Tin futures rose 1.6 percent to $27,940 a metric ton in London yesterday.
The Jakarta Composite index (JCI) climbed 10.49 points, or 0.3 percent, to 3,847.46, advancing for a second day. The market will be closed tomorrow for a public holiday.
Banks: PT Bank Rakyat Indonesia (BBRI IJ), the nation’s biggest lender by revenue, rose 0.8 percent to 6,400 rupiah. PT Bank Central Asia (BBCA IJ), the largest by market value, gained 1.4 percent to 7,200 rupiah. Financial stocks gained on the prospect cooling inflation will ease pressure on the central bank to raise interest rates.
Indonesia’s inflation slowed for a fourth straight month with consumer prices rising 5.98 percent in May from a year earlier, compared with a 6.16 percent gain in April, the central statistics office said today.
PT Alam Sutera Realty (ASRI IJ), an Indonesian property developer, jumped 9.7 percent to 340 rupiah, set for the highest close since its December 2007 trading debut, after the company said first-quarter net income more than doubled from a year earlier to 158.5 billion rupiah ($18.6 million).
PT Timah (TINS IJ), Indonesia’s largest tin producer, rose 1.9 percent to 2,650 rupiah, on course for the steepest increase since May 18. Tin futures rose 1.6 percent to $27,940 a metric ton in London yesterday.
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