By Naila Firdausi
June 11 (Bloomberg) -- PT Hexindo Adiperkasa, an Indonesian
heavy-equipment distributor, rose to a record in Jakarta trading
after saying sales in the first five months more than doubled.
Hexindo jumped as much as 150 rupiah, or 9.8 percent, to
1,680 rupiah (18 cents) today, and closed at 1,640 rupiah. About
17.4 million shares changed hands, 16 times the six-month daily
trading volume.
The Jakarta-based company sold 950 units of excavators and
other heavy equipment in the first five months of 2008 compared
with 376 units a year earlier, it said in a statement
distributed to stock analysts.
Purchases of excavators by mining companies surged to 180
units in January-to-May from 34 units a year earlier, while
excavator purchases by plantation companies more than tripled to
215 units, Hexindo said.
For related news:
Stories on Indonesia: NI INDO <GO>
Most-read Stories on Indonesia: MNI INDO <GO>
--Editors: Ryan Woo, Jane Lee.
To contact the reporter on this story:
Naila Firdausi in Jakarta at (62) (21) 3435 3024 or
[EMAIL PROTECTED]
To contact the editor responsible for this story:
Andrew Hobbs at +61-2-9777-8642 or
[EMAIL PROTECTED]
[TAGINFO]
HEXA IJ <Equity>
NI INDO
NI ASIA
NI ASIAX
NI SEASIA
NI EM
NI COS
NI MNG
NI NRG
NI COA
NI MAC
NI MOV
NI CST
NI IJS
NI MOST
NI CMD
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