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.
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