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 0.1 per cent to 1,603.12, its highest close since April 3. The gauge gained 0.3 per cent this week.

Kejuruteraan Samudra Timur Bhd, an oil and gas services provider, climbed 5.7 per cent to 18.5 sen, its steepest increase since March 12. The company won a contract to provide tubular-handling equipment and services to Talisman Malaysia Ltd. and signed a time-charter agreement to lease a drilling rig to PT Duta Adhikarya Negeri, Kejuruteraan Samudra said in separate stock exchange filings.

Kurnia Asia Bhd dropped 5.6 per cent to 59 sen after agreeing to sell Kurnia Insurans Malaysia Bhd for RM1.55 billion. The stock was cut to sell from hold at TA Securities Bhd, according to a report from the brokerage today.

Silver Bird Group Bhd, a bread maker, fell 2.6 per cent to 19 sen. The company obtained a court order restraining its creditors from suing or winding up its Stanson Marketing Sdn Bhd unit for 90 days, Silver Bird said in a statement. Forensic investigations into financial irregularities at the group are continuing, it said.

Tenaga Nasional Bhd, Malaysia’s biggest power producer, advanced 1.5 per cent to RM6.61, its highest close since March 23. The company returned to profit after three straight quarters of losses with second-quarter net income of RM2.82 billion, boosted by compensation from the government for a disruption in gas supply.

Zhulian Corp, a multi-level marketing company, gained 2.1 per cent to RM1.94, the most since March 21. The company’s first- quarter net income grew 29 per cent from a year earlier to RM28.4 million, it said in a statement. -- Bloomberg

hlk wrote: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 0.1 per cent to 1,603.12, its highest close since April 3. The gauge gained 0.3 per cent this week.

Kejuruteraan Samudra Timur Bhd, an oil and gas services provider, climbed 5.7 per cent to 18.5 sen, its steepest increase since March 12. The company won a contract to provide tubular-handling equipment and services to Talisman Malaysia Ltd. and signed a time-charter agreement to lease a drilling rig to PT Duta Adhikarya Negeri, Kejuruteraan Samudra said in separate stock exchange filings.

Kurnia Asia Bhd dropped 5.6 per cent to 59 sen after agreeing to sell Kurnia Insurans Malaysia Bhd for RM1.55 billion. The stock was cut to sell from hold at TA Securities Bhd, according to a report from the brokerage today.

Silver Bird Group Bhd, a bread maker, fell 2.6 per cent to 19 sen. The company obtained a court order restraining its creditors from suing or winding up its Stanson Marketing Sdn Bhd unit for 90 days, Silver Bird said in a statement. Forensic investigations into financial irregularities at the group are continuing, it said.

Tenaga Nasional Bhd, Malaysia’s biggest power producer, advanced 1.5 per cent to RM6.61, its highest close since March 23. The company returned to profit after three straight quarters of losses with second-quarter net income of RM2.82 billion, boosted by compensation from the government for a disruption in gas supply.

Zhulian Corp, a multi-level marketing company, gained 2.1 per cent to RM1.94, the most since March 21. The company’s first- quarter net income grew 29 per cent from a year earlier to RM28.4 million, it said in a statement. -- Bloomberg

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