Malaysia Stocks: Fitters, Hirotako, PacificMas, Zhulian

Malaysia’s FTSE Bursa Malaysia KLCI Index (FBMKLCI) fell 3.52, or 0.3 percent, to 1,326.65 at 9:22 a.m. local time, set for its lowest close since March 31.

Fitters Diversified Bhd. (FIT) , a builder and distributor of fire-safety materials, surged 12 percent to 71.5 sen, set for its highest close since Nov. 2, 2007. The company said it proposed to give shareholders one new share for every two owned as part of a bonus share issue.

Hirotako Holdings Bhd. (HIRO MK), a car safety-belt maker, advanced 2.8 percent to 90.5 sen, on course for its highest close since May 8, 2000. The company said first-quarter net income almost tripled from a year earlier to 8.78 million ringgit after sales surged.

PacificMas Bhd. (PACM MK), a Malaysian insurance and asset management group, fell 1.2 percent to 4.85 ringgit, set for its largest decline since May 6. The company said first-quarter profit dropped 45 percent from a year earlier to 4.63 million ringgit.

Zhulian Corp. (ZHCB) , a Malaysian multilevel marketing company, climbed 6.4 percent to 2.66 ringgit, set for a record close. The company said it plans to give shareholders one new share for every three held as part of a bonus share issue.

To contact the reporters on this story: Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.