Indonesia Stocks: Bakrie & Brothers, Bank Central Asia, Medco - Bloomberg

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

The Jakarta Composite index climbed 15.34 points, or 0.4 percent, to 3,496.17, rising for a second week. The market was shut yesterday for a public holiday.

Banks: PT Bank Central Asia (BBCA IJ), Indonesia’s biggest bank by market value, rose 2.6 percent to 6,000 rupiah. PT Bank Negara Indonesia (BBNI IJ), the third-biggest state-owned bank, advanced 3 percent to 3,400 rupiah.

Bank Indonesia raised its benchmark interest rate by a quarter-percentage point to 6.75 percent, the first increase since October 2008. The move helps avoid a bigger interest rate increase later this year to curb inflation, said Putut Endro Andanawarih, a director at PT First State Investments Indonesia, which manages about $300 million in assets in Jakarta.

PT Bakrie & Brothers (BNBR IJ), an investment company, advanced 1.5 percent to 67 rupiah. The company’s unit, PT Bakrie Power, plans to build a steam power plant with Samsung C&T Corp. that may cost more than $2 billion, Investor Daily Indonesia reported, citing Bakrie & Brothers Chief Executive Officer Bobby Gafur Umar. Bakrie & Brothers Corporate Secretary Sri Dharmayanti couldn’t be reached when called at her office.

PT Medco Energi Internasional (MEDC IJ), Indonesia’s largest listed oil company, climbed 1.5 percent to 3,325 rupiah, the highest close since Jan. 5. Crude oil futures advanced 0.3 percent to $90.78 a barrel in after-hours trading in New York, on course for a second weekly gain.

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