JAKARTA, Jan 7 - Indonesian lender Bank Mayapada's
shares rose as much as 5 percent on Tuesday after Japan-based
investment company J Trust Co Ltd acquired a 10 percent
stake in it.
J Trust bought 347.8 million shares at 1,600 rupiah per
share, Bank Mayapada said in a filing with the Indonesian stock
Indonesian banks need to boost their core capital to 6
percent of risk-weighted assets from 5 percent so that they are
more resilient should there be a financial crisis, its central
bank had said earlier.
At 0740 GMT, Mayapada's shares were up 4.5 percent at 2,090
rupiah. The broader Jakarta Composite Index was 0.4
percent lower, while the Jakarta finance index was up
(Reporting by Andjarsari Paramaditha; Editing by Prateek