Malaysia Stocks: C.I., Century Logistics, Equine, iDimension
Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the close in Kuala Lumpur.
The FTSE Bursa Malaysia KLCI (FBMKLCI) Index fell 0.3 percent to 1,468.75, a second day of losses. The gauge declined for the second straight week, dropping 0.6 percent.
C.I. Holdings Bhd. (CIH MK), a beverage group, jumped 5.5 percent to 5.22 ringgit, its highest close since June 6, 2000. The company is proposing to increase the size of its cash distribution to 5.10 ringgit a share.
Century Logistics Holdings Bhd. (CLH) , a transport services provider, climbed 3 percent to 1.70 ringgit, its highest close since Aug. 23. Earnings in the third quarter grew to 8.99 million ringgit ($3 million).
Equine Capital Bhd. (EQC) , a property developer, increased 6.7 percent to 56 sen, the steepest gain since April 1. Profit in the second quarter almost doubled to 12 million ringgit from 6.3 million ringgit a year earlier.
iDimension Consolidated Bhd. (IDC MK), a Malaysian software developer, rose 1.3 percent in its debut on the Kuala Lumpur stock exchange today. The stock climbed to 38.5 sen from an initial public offering price of 38 sen.
MWE Holdings Bhd. (MWE) , a yard and fabric manufacturer, increased 1.6 percent to 1.25 ringgit, its highest close this month. Third-quarter profit rose 3 percent to 12.5 million ringgit.
United Malayan Land Bhd. (UML) , a Malaysian property developer, gained 2.1 percent to 1.44 ringgit, its biggest increase since Oct. 13. The company agreed to buy Tentu Teguh Sdn. and land in Iskandar, Johor, for 11 million ringgit.
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