Indonesia Stocks: Bank Central Asia, Rakyat, London Sumatra
By Berni Moestafa
June 25 (Bloomberg) — Indonesia’s Jakarta Composite index advanced 48.50 points, or 2.4 percent, to close at 2,044.17, rising for a second day. The following stocks were among the most active in the Indonesian market.
Banks: PT Bank Central Asia (BBCA IJ), Indonesia’s third- largest by assets, climbed 4.8 percent to 3,825 rupiah. PT Bank Rakyat Indonesia (BBRI IJ), the nation’s second-largest by assets, added 5.7 percent to 6,450 rupiah. Financial shares were the biggest gainers on the composite index today.
There are “indications that bank lending growth increased in the second quarter to support financing for government infrastructure projects,” Bank Indonesia Director Made Sukada said.
PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP IJ), the nation’s second-largest listed plantation company that also plants rubber, added 5.2 percent to 6,100 rupiah, closing at its highest since June 17. November-delivery natural rubber settled up 2.7 percent at 156.0 yen a kilogram ($1,620 a metric ton) on the Tokyo Commodity Exchange today, the first gain in four days.