Indonesia Equity Movers: Medco, International Nickel

Bloomberg reports that shares of certain companies made unusual moves in Indonesian trading today.

The market news is quoted as saying,

PT International Nickel Indonesia (INCO IJ), the nation’s biggest producer of the metal, declined 6.1 percent to 3,825 rupiah, falling for a fourth day. President Director Tony Wenas plans to resign in September, Kontan reported, citing a person it didn’t identify. Wenas, who was appointed to the job in March last year, declined to comment, the report said. Four calls to the company’s office in Jakarta weren’t answered.

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