Breaking

Russian International Reserves Fall $15.7 Billion in Week to Dec. 19
Tweet TWEET

Malaysia Stocks: Alam, Leong Hup, Petra Perdana, Perwaja, WCT

Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 5 p.m. close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index rose 10.99, or 0.7 percent, to 1,502.24, the steepest increase since Feb. 2.

Alam Maritim Resources Bhd. (AMRB MK), an oil and gas services provider, dropped 9.6 percent to 90 sen, its largest decline since Dec. 10, 2008, after posting a loss of 49.6 million ringgit ($16 million) in the fourth quarter from profit of 36.4 million ringgit a year earlier.

Leong Hup Holdings Bhd. (LHH MK), a poultry company, advanced 1.9 percent to 1.65 ringgit, the most since Nov. 15. The company said profit in the third quarter ended Dec. 31 rose to 13.3 million ringgit from 12.1 million ringgit a year earlier as sales climbed.

Petra Perdana Bhd. (PETR MK), an oil and gas services provider, slid 7.7 percent to 83.5 sen, the lowest close since Dec. 6. The company had a loss of 18.3 million ringgit in the fourth quarter, compared with a profit of 4.1 million ringgit a year earlier as revenue tumbled.

Perwaja Holdings Bhd. (PERH MK), a steelmaker, dropped 3.2 percent to 90.5 sen, its lowest since Dec. 20. The company reported a loss of 58.9 million ringgit in the fourth quarter from a profit of 11.7 million ringgit a year earlier.

WCT Bhd. (WCT MK), a construction company, advanced 1.7 percent to 3.02 ringgit. The company expects to secure 2 billion ringgit of building contracts this year, HwangDBS Vickers Research Sdn. wrote in a report today.

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

To contact the editor responsible for this story: Darren Boey in Hong Kong at dboey@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to 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.