Malaysia Stock Movers: Alam, Ariantec Global, Taliworks, Takaso
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.
Malaysia’s FTSE Bursa Malaysia KLCI (FBMKLCI) Index rose 10.24 points, or 0.7 percent, to 1,464.61, snapping a two-day drop.
Alam Maritim Resources Bhd. (AMRB) , an oil and gas services provider, added 7.5 percent to 78.5 sen, the largest increase since April 20. Alam won a 220.8 million-ringgit ($74 million) contract to supply two vessels to ExxonMobil Exploration & Production Malaysia Inc., according to a company statement.
Ariantec Global Bhd. (AGB) , a computer services provider, climbed 17 percent to 3.5 sen after winning a 19.8 million-ringgit contract from Niagara Technologies International Sdn. to install and maintain bandwidth management equipment.
Taliworks Corp. (CI MK), a water treatment plant operator, added 1.8 percent to 1.14 ringgit, its highest close since Aug. 24. Taliworks won a 339.4 million ringgit contract from China International Water and Electric Corp. (M) Sdn. to help expand the Mengkuang Dam in Penang state, it said in a statement.
Takaso Resources Bhd. (TRB) , a consumer products company, advanced 4.6 percent to 23 sen, snapping a three-day, 55 percent plunge. Takaso isn’t aware of any reason for the recent fall, it said in a statement.
To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at firstname.lastname@example.org
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