Indonesia Stocks: Barito, Berlian, Bumi, Indo Tambangraya Megah - 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 (JCI) advanced 18.81 points, or 0.5 percent, to 3,561.72, the highest close since Jan. 14.

PT Bumi Resources (BUMI IJ), Asia’s largest exporter of power-station coal, dropped 1.7 percent to 2,975 rupiah. Power- station coal prices at Australia’s Newcastle port, an Asian benchmark, fell 1.7 percent to $129.48 a metric ton in the week ended March 4, according to the globalCOAL NEWC Index.

PT Barito Pacific (BRPT IJ), an ethylene maker, rose 5.9 percent to 1,070 rupiah, the steepest gain since Sept. 27. Revenue at the company’s unit, PT Chandra Asri Petrochemical, may increase to $2 billion this year, Suryandi, a director at the unit, said without providing a comparative figure.

PT Berlian Laju Tanker (BLTA IJ), the nation’s largest shipping company, rose 1.5 percent to 345 rupiah. Berlian is planning to reduce domestic debt this year, Bisnis Indonesia reported, citing Finance Director Kevin Wong. The company has domestic loans of $250 million to $300 million, the report said. Peter Chayson, an investor relations officer, couldn’t be reached when called at his office in Jakarta.

PT Indo Tambangraya Megah (ITMG IJ), a unit of Thailand’s largest coal miner Banpu Pcl, declined 2.6 percent to 43,100 rupiah. Indo Tambangraya fell as crude oil futures rose to a 29- month high in New York, raising concern the company’s fuel costs will increase, according to Lanang Trihardian, an analyst at PT Syailendra Capital in Jakarta.

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