KL shares close higher

Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index rose 1 per cent to 1,477.51, snapping a three-day drop. The gauge slid 0.3 per cent this week. The market will be shut on Nov. 7 for a public holiday.

ARK Resources Bhd, a builder, surged 55 per cent to 52 sen, its steepest gain since June 2, after it said it has completed a restructuring and restored its finances.

Lingui Developments Bhd, a timber, plantations and property group, dropped 7.1 per cent to RM1.43, the most since May 25, 2010, after reporting a RM28.1 million first-quarter loss.

Malaysian Marine and Heavy Engineering Holdings Bhd, the rig-building arm of MISC Bhd, rose 2 per cent to RM6.09. The company signed a RM1.4 billion contract to install an offshore platform deck with bridges for ExxonMobil Exploration and Production Malaysia Inc, it said in a statement. MISC added 3.1 per cent to RM6.89.

Yeo Hiap Seng (Malaysia) Bhd, a beverage maker, jumped 4.7 per cent to RM1.79, its biggest increase since Aug. 15. Third-quarter profit doubled from a year earlier to RM8.27 million, it said in a statement.

Genting Bhd, a casino and plantations group, added 4.3 per cent to RM10.80, the highest close since Aug. 3. Indonesia has approved a development plan for the Ande-Ande Lumut oil field operated by unit of Genting, according to Energy and Mineral Resources Minister Jero Wacik.

Tomypak Holdings Bhd, a plastic packaging company, advanced 3.2 per cent to 98 sen, its highest close since July 27, after third-quarter profit rose to RM3.4 million, from RM3.03 million a year earlier. -- Bloomberg