Indonesia Stocks: Bakrie Sumatera, Mandiri, Medco Energi, Timah - 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) declined 45.36 points, or 1.3 percent, to 3,524.48, the lowest close since March 3.

Oil companies: PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, dropped 2.6 percent to 2,850 rupiah and PT Energi Mega Persada (ENRG IJ), the second largest, retreated 2.3 percent to 126 rupiah, the steepest drop since Feb. 4.

Crude oil futures fell as much as 2.5 percent to $98.67 a barrel in after-hours trading in New York.

Rubber producers: PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP IJ), the nation’s second-largest listed plantation company, fell 3.3 percent to 2,200 rupiah. PT Bakrie Sumatera Plantations (UNSP IJ) lost 1.4 percent to 345 rupiah.

Rubber futures declined for a third day, tumbling to the lowest level in more than four months. August-delivery futures plunged as much as 13 percent to 335 yen a kilogram before settling at 353 yen on the Tokyo Commodity Exchange.

PT Bank Mandiri (BMRI IJ), Indonesia’s biggest bank by assets, fell 2.4 percent to 6,000 rupiah. The government may seek a lower 2010 dividend payout from state-owned banks to support their “liquidity,” Parikesit Suprapto, a deputy to the state enterprises minister, said today. The government owns 61 percent of Mandiri, according to data compiled by Bloomberg News.

PT Timah (TINS IJ), Indonesia’s biggest producer of tin which is used in electronics, fell 1.9 percent to 2,575 rupiah. The impact of Japan’s earthquake on Timah is negative as the country is a major tin user for its electronics industry, Katarina Setiawan, an analyst at PT Kim Eng Securities in Jakarta, wrote in a note yesterday.

To contact the reporter on this story: Femi Adi in Jakarta