KL shares close marginally lower

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 fell 0.1 per cent to 1,596.62.

Bintai Kinden Corp Bhd, a builder, jumped 4.1 per cent to 38.5 sen, the highest close since Dec. 28. The company got a contract valued at S$29.1 million in Singapore, it said in a regulatory filing.

Century Software Holdings Bhd, a developer of financial management software, climbed 5.9 per cent to 45 sen, the steepest advance since April 4. The company got contracts valued at RM5.6 million.

China Stationery Ltd, a manufacturer of plastic stationery, slid 8.4 per cent to RM1.63, snapping a six-day rally. The Kuala Lumpur stock exchange has asked China Stationery to explain the recent surge in its share price and trading volume.

GuocoLand (Malaysia) Bhd, a property developer, slumped 3.6 per cent to 80.5 sen, the largest drop since Oct. 18. The company had a net loss of RM2.4 million in the quarter ended March 31.

LBS Bina Group Bhd, a property developer, declined 3.9 per cent to 85.5 sen, the most since Oct. 18. The company signed an agreement to sell between 60 per cent and 100 per cent of Dragon Hill Corp. for an indicative price of as much as HK$1.65 billion (US$212 million), according to an exchange filing. Hong Kong-based Dragon Hill has golf and property development projects in Zhuhai, China. -- Bloomberg