Malaysia Stocks: AirAsia, EON Capital, Fraser & Neave, Fajarbaru

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 (FBMKLCI) Index fell for a fifth day, losing 5.68, or 0.4 percent, to 1,515.50, its lowest close since March 28. The gauge has declined 1.3 percent this week, its first drop in three weeks.

AirAsia Bhd. (AIRA) , Southeast Asia’s biggest budget carrier, rose 2 percent to a record 3.06 ringgit. Crude oil fell in New York for a fifth day, heading for its biggest weekly decline since December 2008. Falling fuel prices will reduce airlines’ fuel costs.

EON Capital Bhd. (EON) , a banking group, added 0.7 percent to 7.40 ringgit, the highest level since Aug. 3, 2007. EON said Hong Leong Bank Bhd. (HLBK)’s takeover offer has become unconditional after Malaysia’s central bank approved an interim dividend payment. Hong Leong gained 0.4 percent to 10.44 ringgit.

Fraser & Neave Holdings Bhd. (FNH) , a beverage maker, rose 1.6 percent to a record 18.70 ringgit. The company said profit in the second quarter ended March 31 jumped 55 percent from a year earlier to 132 million ringgit ($44 million) as sales gained. Fraser & Neave declared an interim dividend of 20 sen a share and a special dividend of 15 sen, which amounts to a total payout of 126 million ringgit, it said in a statement.

Fajarbaru Builder Group Bhd. (FBC) , a builder, slid 0.9 percent to 1.09 ringgit, the lowest level since March 17. The company’s net income in the third quarter ended March 31 fell 63 percent from a year earlier to 2.10 million ringgit ($700,000) as sales declined, according to a statement to the stock exchange.

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 at dboey@bloomberg.net

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