Monday, November 26, 2012

Jakarta stock market as miscellaneous income of the financial industry record

With the regional markets, the Jakarta Composite Index rose 0.44 percent on Wednesday, up 19.20 points, to close at 4,351.28.

There are a total of 462 billion shares, for a total rupee value of 3.65 million ($ 3.78 million) changed hands, according to data compiled by Bloomberg. Advancers beat decliners by 133 to 103.

Miscellaneous industry shares led the gains, rising 1.16%. Saturday Nusapersada, electronics manufacturing services provider, rose 21%, to close at 103 rupees, and KMI wire and cable increased by 7.50% to close at 215 rupees.

Financial-related stocks rose 0.98%. Bank Mandiri, the the Indonesian assets largest bank, and its shares rose 2.96 percent to close at 8,700 rupiah. Bank Rakyat Indonesia, the country's second-largest bank's assets, rose 0.69% to close at 7,250 rupiah.

State-owned company semen GRESIK, Indonesia's largest cement producer, rose 1.36% to close at 14,000 rupees, after the company in Vietnam Thang Long Cement acquired a majority stake.

Thang Long has a factory's production capacity of 2.3 million tons per year, said the semen GRESIK CEO DWI Soetjipto to local media.

Last month, the semen GRESIK; issued $ 150 million of global bonds in 2013 to finance its planned acquisition in Southeast Asia.

At the same time, Bank Negara, Indonesia's state-owned oil and gas company, Perusahaan Gas fell 1.61 percent to 4,575 rupiah.

Indonesia's Constitutional Court yesterday, the national oil and gas regulator BP Migas role created Bureau under the 2001 law violated the state constitution "Article 33, national resources are organized by the government. The decision raised concerns about energy shipments from exports and government revenue losses may hinder future investment.

Indonesia is Southeast Asia's largest oil producer and the world's third largest LNG exporter.

Court ruling may lead to the 2001 oil and gas law amendment by Parliament, may transfer BP Migas "responsibility to back the enterprise is wholly owned by the Government signed an agreement with other companies, Shaun Levin, Eurasia Group Asia analyst headquarters located in Washington, DC, on Tuesday, said in a research report.

, "Levin said:" This decision is the investment in the oil and gas sector in Indonesia, and the deterioration of the long-term prospects for the country's production is expected to. Perusahaan Gas Negara national oil companies have neither the capacity nor the money to maintain or increase production exploration and development. "

Adaro Energy, Indonesia's second largest coal producer, and its shares rose 0.70 percent to close at 1,430 rupiah.

Astra International, the country's largest car company, increased 1.31% to close at 7,750 rupiah a day.

Strengthen Indonesian Rupiah 0.04%, closing to 9,630 against the dollar on Wednesday.

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