Malaysia Stocks: Alam, Efficient E-Solutions, UOA Development
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 2.63 points, or 0.2 percent, to 1,548.51.
Alam Maritim Resources Bhd. (AMRB) , an oil and gas services provider, climbed 0.9 percent to 1.09 ringgit, the highest close since May 19, after the company won an $18 million order from the local unit of South Korea’s Samsung Engineering Co.
Efficient E-Solutions Bhd. (EES) , a data processing company, advanced 4.6 percent to 23 sen, its biggest gain since May 25, after signing an agreement to work with Singapore Post Ltd. on providing data and document management services in Indonesia.
UOA Development Bhd. (UOAD MK), a property developer, rose 2.9 percent to 2.52 ringgit, the first gain since its debut on June 8. The Employees Provident Fund, Malaysia’s largest pension fund, bought 5.4 million shares in the developer, raising its stake to 6.6 percent, an exchange filing showed.
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