Indonesian Stocks: Aneka Climbs 3.5%
Bloomberg reported shares of companies on the Jakarta Composite index saw unusual moves on Thursday.
As quoted in the market news:
PT Aneka Tambang (ANTM) , Indonesia’s second-biggest nickel producer, climbed 3.5 percent to 1,790 rupiah, the steepest increase since Oct. 27. Aneka expects 2011 revenue may have risen to more than 10 trillion rupiah ($1.1 billion), compared with 8.74 trillion rupiah in 2010, as sales of ferronickel increased, Bisnis Indonesia reported, citing President Director Alwin Syah Lubis. Two calls to Aneka’s office weren’t answered.
Click here to read the full Bloomberg report.
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Thu, Jan 26, 2012
Post by Melissa West, Nickel Researcher