Malaysia Stock Movers: Bina Puri, CB Industrial, Ho Wah Genting

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 rose 1.62 points, or 0.1 percent, to 1,558.04.

Bina Puri Holdings Bhd. (BIN) , a builder, rose 2.5 percent to 1.23 ringgit, the steepest gain since May 13 after the company won contracts valued at 6.6 million ringgit ($2.2 million) to operate two power plants in Indonesia.

CB Industrial Product Holding Bhd. (CBP) , a farm equipment maker, advanced 0.9 percent to 4.30 ringgit, its first gain in four days. CB Industrial agreed to sell two oil palm planters for 268.1 million ringgit, according to a stock exchange filing.

Ho Wah Genting Bhd. (HWG) , a manufacturer of wires and cables, tumbled 12 percent to 43 sen, the lowest close since Jan. 12. The company proposed a one-for-four rights offer with warrants to raise as much as 68.4 million ringgit.

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

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.