Malaysia Stocks: Berjaya, Premium Nutrients, Ramunia Holdings

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 6.16 points, or 0.4 percent, to 1,588.58, its biggest drop since June 13.

Berjaya Corp. (BC MK), a property, insurance and gaming group, slid 3.2 percent to 1.21 ringgit, the biggest decline since June 6. Berjaya scrapped plans for a special dividend because of its plan to privatize unit Cosway Corp., it said in a statement.

Premium Nutrients Bhd. (PRNB) dropped 8.5 percent to 21.5 sen, the steepest loss since July 5, after the company, which sold its palm oil processing units, said it risked being delisted if it doesn’t find a new business.

Ramunia Holdings Bhd. (RH) , an oil and gas services provider, rose 3.6 percent to 43.5 sen, the largest rally since June 9, after agreeing to buy a production and storage vessel for $82.5 million.

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

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.