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KL shares close higher
by hlk Wed 29 Feb 2012, 19:26
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 0.8 per cent to 1,569.65, its highest close since July 15. The gauge gained 3.2 per cent this month.
Encorp Bhd, a property developer, added 1.3 per cent to 78 sen, its highest close since Feb. 23. The company will develop a golf resort in Cherating on the east coast, according to a government statement. Encorp’s fourth-quarter profit jumped to RM25.1 million from RM1.6 million a year earlier, it said in a stock-exchange filing.
Fajarbaru Builder Group Bhd climbed 2 per cent to RM1.01, its biggest gain since Feb. 10. The construction company won a RM67 million contract from Subang SkyPark Sdn Bhd, Fajarbaru said in a statement.
K-Star Sports Ltd, a China-based maker of sports footwear, slid 8.6 per cent to 26.5 sen, its largest loss since Aug. 22. It reported fourth-quarter net loss of RM9.3 million, compared with a net income of RM11.4 million a year earlier, according to an exchange filing.
PJI Holdings Bhd, an engineering services group, gained 3.1 per cent to 16.5 sen. The company secured two contracts valued at a total of RM32 million, it said in a statement.
Sime Darby Bhd, the country’s biggest listed palm oil producer, rose 1.3 per cent to RM9.69, the most since Feb. 8. Second-quarter net income grew to RM1.1 billion from RM877.1 million a year earlier, it said in a statement. The company declared a dividend of 10 sen per share.
Tradewinds (Malaysia) Bhd, an oil palm planter, fell 2.1 per cent to RM9.89, its largest drop since Nov. 25. Fourth-quarter net income declined 37 per cent from a year earlier to RM121.5 million, the company said in an exchange filing.
TSM Global Bhd, an auto-parts manufacturer, jumped 7.1 per cent to RM1.20, the most since Feb. 15. The company received a takeover offer from West River Capital Sdn Bhd for RM159.2 million or RM1.25 per share, TSM said in a statement. -- Bloomberg
The FTSE Bursa Malaysia KLCI Index rose 0.8 per cent to 1,569.65, its highest close since July 15. The gauge gained 3.2 per cent this month.
Encorp Bhd, a property developer, added 1.3 per cent to 78 sen, its highest close since Feb. 23. The company will develop a golf resort in Cherating on the east coast, according to a government statement. Encorp’s fourth-quarter profit jumped to RM25.1 million from RM1.6 million a year earlier, it said in a stock-exchange filing.
Fajarbaru Builder Group Bhd climbed 2 per cent to RM1.01, its biggest gain since Feb. 10. The construction company won a RM67 million contract from Subang SkyPark Sdn Bhd, Fajarbaru said in a statement.
K-Star Sports Ltd, a China-based maker of sports footwear, slid 8.6 per cent to 26.5 sen, its largest loss since Aug. 22. It reported fourth-quarter net loss of RM9.3 million, compared with a net income of RM11.4 million a year earlier, according to an exchange filing.
PJI Holdings Bhd, an engineering services group, gained 3.1 per cent to 16.5 sen. The company secured two contracts valued at a total of RM32 million, it said in a statement.
Sime Darby Bhd, the country’s biggest listed palm oil producer, rose 1.3 per cent to RM9.69, the most since Feb. 8. Second-quarter net income grew to RM1.1 billion from RM877.1 million a year earlier, it said in a statement. The company declared a dividend of 10 sen per share.
Tradewinds (Malaysia) Bhd, an oil palm planter, fell 2.1 per cent to RM9.89, its largest drop since Nov. 25. Fourth-quarter net income declined 37 per cent from a year earlier to RM121.5 million, the company said in an exchange filing.
TSM Global Bhd, an auto-parts manufacturer, jumped 7.1 per cent to RM1.20, the most since Feb. 15. The company received a takeover offer from West River Capital Sdn Bhd for RM159.2 million or RM1.25 per share, TSM said in a statement. -- Bloomberg
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