Indonesia Stocks Drop Midday Wednesday
Jakarta Globe | January 25, 2012
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Indonesian stocks fell for a second time in three days on Wednesday, heading toward a
one-week low. The benchmark Jakarta Composite Index dropped 25.08, or
0.6 percent, to 3,969.50 at the midday break.
Unilever Indonesia, Bank Rakyat Indonesia and Astra International led
declines. About three shares fell for every two that rose on the
Indonesia Stock Exchange.
Kertas Basuki Rachmat Indonesia, a
paper producer, jumped 25 percent to 66 rupiah, set for the steepest
increase since June 1, 2010. The shares rose amid speculation Kertas
plans to diversify its business to run fuel stations, Edwin Sebayang, an
analyst at MNC Securities, said. Kertas has no plans to enter the fuel
station business, corporate secretary Tiur Simamora said by telephone.
Additional reporting by Bloomberg
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HOw cool is that -n TY Sing docs -
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Why the violent mob mentality in dealing with any problem? What are the police doing? This is out of hand. -
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Yet another mentally deficient, arrogant government official. Does even have the intestinal fortitude to tell the truth about his attack - what a d -
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....and the impending civil war draws ever closer. -
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Dispatching Ibas to Ternate is a classic case of sending a boy on a man's job.
