Malaysia Stock Movers: EP Manufacturing, Hock Seng Lee, Tenaga
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. trading close in Kuala Lumpur.
Malaysia’s FTSE Bursa Malaysia KLCI (FBMKLCI) Index fell 11.82, or 0.8 percent, to 1,472.16, its lowest close since Aug. 9.
EP Manufacturing Bhd. (EPMB) , an auto-parts supplier, rose 4.7 percent to 78.5 sen, its biggest gain since July 26. Second-quarter net income jumped 98 percent from a year earlier to 11.3 million ringgit ($3.8 million).
Hock Seng Lee Bhd. (HSL) , a construction company, slid 1.4 percent to 1.44 ringgit, after the stock’s so-called fair value was cut to 1.94 ringgit from 2.50 ringgit at OSK Research Sdn. to reflect a slowdown in jobs.
Tenaga Nasional Bhd. (TNB) , Malaysia’s biggest power producer, slid 1.1 percent to 5.49 ringgit, its lowest close since April 15, 2009, after saying it may not be able to maintain its dividend payments this fiscal year due to higher fuel costs.