Malaysia Stocks: Bandar Raya, CIMB, DXN, Ingress, Mesiniaga

Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. trading break in Kuala Lumpur.

Malaysia’s FTSE Bursa Malaysia KLCI (FBMKLCI) Index fell for a second day, losing 7.34 points, or 0.5 percent, to 1,455.78.

Bandar Raya Developments Bhd. (BRD) , a property developer, climbed 0.9 percent to 2.34 ringgit, a one-week high, after a major shareholder proposed to acquire its malls and offices. Ambang Sehati Sdn., which owns 19 percent of Bandar Raya, wants the company to “monetize” selected assets, it said in a statement.

CIMB Group Holdings Bhd. (CIMB) , Malaysia’s second- largest bank, fell 1.4 percent to 7.30 ringgit, set for its steepest decline since Aug. 26, after BNP Paribas SA downgraded the stock to “hold” from “buy” to reflect slowing earnings growth.

DXN Holdings Bhd. (DXN) , a manufacturer of health-food supplements and products, jumped 41 percent to 1.68 ringgit, set for a record close, after receiving a buyout offer of 1.75 ringgit a share from a group of shareholders.

Ingress Corp. (INGC MK), an auto-parts and engineering services group, added 1.2 percent to 82.5 sen after it won four contracts valued at 67.9 million ringgit ($22.7 million) from Tenaga Nasional Bhd. (TNB MK). Ingress won one of the contracts with Infrarail Sdn., it said in a statement.

Mesiniaga Bhd. (MESI) , a computer-services company, gained 3.2 percent to 1.91 ringgit, the largest increase since Aug. 10, after winning a 167 million-ringgit contract from Telekom Malaysia Bhd. (T) .

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

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