Bloomberg Indonesia Stocks: Adaro Energy, Indika, Indofood CBP, Mandiri

Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of 4 p.m. Jakarta time close.

The Jakarta Composite index rose 67.81 points, or 2 percent, to 3,501.72, gaining for a second day.

Coal producers: PT Adaro Energy (ADRO IJ), Indonesia’s second-biggest coal producer, slid 3 percent to 2,400 rupiah. PT Indika Energy (INDY IJ), which controls Indonesia’s third- largest coal mining company, fell 2.3 percent to 4,250 rupiah.

Crude oil for March delivery dropped to its lowest price in eight weeks, losing 1.9 percent to $86.19 a barrel in New York yesterday. The contract was at $86.70 a barrel in after-hours trading. A lower oil price reduces the appeal of alternative fuels such as coal.

PT Bank Mandiri (BMRI IJ), Indonesia’s largest bank by assets, jumped 5.3 percent to 5,950 rupiah, the steepest gain since Sept. 15. The bank will raise 11.68 trillion rupiah ($1.29 billion) selling new shares in a rights offer next month at 5,000 rupiah apiece, President Director Zulkifli Zaini said.

PT Indofood CBP Sukses Makmur (ICBP IJ), Indonesia’s biggest instant noodle maker, rose 4.4 percent to 4,750 rupiah. The company raised the prices of its instant noodles by 100 rupiah a pack in the middle of this month, said Franciscus Welirang, a director at parent company PT Indofood Sukses Makmur.

To contact the reporter on this story: Berni Moestafa in Jakarta