KL stocks close marginally 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 0.2 per cent to 1,573.45, its highest close since July 15.

Faber Group Bhd, a property developer and hospital support-services provider, advanced 4.1 per cent to RM1.78, its biggest gain since Jan. 19. Fourth-quarter profit jumped to RM56.4 million from RM2.9 million a year earlier, according to a stock-exchange filing.

GHL Systems Bhd, an online transactions provider, slumped 12 per cent to 34.5 sen, the most since Nov. 19, 2009. The company’s fourth-quarter net loss widened to RM24.7 million from RM11.3 million a year earlier, it said in an exchange filing.

Malaysian Airline System Bhd, the nation’s largest long-haul carrier, dropped 3.5 per cent to RM1.38, its steepest decline since Feb. 23. The airline reported a net loss of RM1.28 billion in the fourth quarter, compared with a profit of RM225.9 million a year earlier, it said in a statement.

Scomi Group Bhd, an oil and gas services provider, slid 5.1 per cent to 28 sen, its biggest drop since Sept. 26. Fourth-quarter net loss widened to RM242.3 million from RM23.6 million a year earlier, according to an exchange filing. Its unit Scomi Engineering Bhd slipped 8.4 per cent to 54.5 sen, while associate Scomi Marine Bhd lost 9.2 per cent to 39.5 sen, after reporting losses.

Silver Bird Group Bhd, a bread maker, plunged 49 per cent to 20.5 sen, its largest loss on record. The company is investigating possible irregularities in its accounts, it said in a statement. Also, three of its units defaulted on loans and the stock was placed under the exchange’s watchlist of financially ailing companies, it said.

Sime Darby Bhd, the country’s biggest listed palm oil producer, climbed 2.5 per cent to RM9.93, its highest close since April 28, 2008. The stock’s price estimate was raised to RM9.90 from RM8.50 at Maybank Investment Bank Bhd, while RHB Capital Bhd increased its so-called fair value to RM10.55 from RM10.40, according to separate brokerage reports today. -- Bloomberg

suspicious movement in klse??? +1