Bloomberg Indonesia Stocks: Astra Agro Lestari, Benakat Petroleum, Timah

Indonesia’s Jakarta Composite index rose 23.65 points, or 0.6 percent, to 3,783.71 as of the 4 p.m. local-time close, the highest level since Dec. 9. The gauge gained for a seventh straight day, the longest winning streak since the eight-day rally ending Oct. 6.

Banks: PT Bank Mandiri (BMRI IJ), the largest bank by assets, surged 3.8 percent to 6,850 rupiah and PT Bank Rakyat Indonesia (BBRI IJ), the second biggest, rose 2.9 percent to 10,600 rupiah. Bank Indonesia kept today its reference interest rate at a record low of 6.5 percent even after consumer prices rose at the fastest pace in 20 months.

Oil companies: PT Medco Energi Internasional (MEDC IJ), the biggest listed oil company, declined 1.5 percent to 3,400 rupiah and PT Benakat Petroleum Energy (BIPI IJ) dropped 1.9 percent to 105 rupiah. Crude oil futures tumbled the most in seven weeks, dropping 2.4 percent to $89.38 a barrel in New York yesterday. Oil was at $88.60 a barrel in after-hours trading.

PT Astra Agro Lestari (AALI IJ), the largest listed plantation company, slipped 1.9 percent to 25,950 rupiah. Palm oil futures dropped 2.4 percent to 3,793 ringgit ($1,236) a metric ton in Kuala Lumpur, declining for the first time in four days. Astra Agro plants only oil palm trees.

PT Timah (TINS IJ), the biggest tin producer, fell 1.7 percent to 2,850 rupiah. Tin for three-month delivery plunged 2.1 percent to $26,345 a metric ton in London yesterday, the biggest decline since Nov. 22. The metal slipped 0.6 percent to $26,180 a ton today.

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