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Indonesia Stocks: International Nickel, Sinar Mas Agro, United
Sep. 16, 2011 02:19PM PST
Base Metals Investing
Bloomberg reported the Jakarta Composite index gained 60.85 points, or 1.6 percent, to 3,835.18, however it sustained the biggest weekly loss since August.
Bloomberg reported the Jakarta Composite index gained 60.85 points, or 1.6 percent, to 3,835.18, however it sustained the biggest weekly loss since August.
The market news is quoted as saying,
PT International Nickel Indonesia (INCO IJ), the nation’s biggest producer of the metal, jumped 4.2 percent to 3,750 rupiah, ending a five-day slump. Nickel for three-month delivery gained 2 percent to $21,800 metric ton on the London Metal Exchange yesterday, and added 0.5 percent to $21,901 a ton at 4:02 p.m. Jakarta time.