The FTSE Bursa Malaysia KLCI Index (FBMKLCI) rose 0.8 percent to 1,569.65, its highest close since July 15. The gauge gained 3.2 percent this month.
Encorp Bhd. (ENCO) , a property developer, added 1.3 percent to 78 sen, its highest close since Feb. 23. The company will develop a golf resort in Cherating on the east coast, according to a government statement. Encorp’s fourth-quarter profit jumped to 25.1 million ringgit ($8.4 million) from 1.6 million ringgit a year earlier, it said in a stock-exchange filing.
Fajarbaru Builder Group Bhd. (FBC) climbed 2 percent to 1.01 ringgit, its biggest gain since Feb. 10. The construction company won a 67 million-ringgit contract from Subang SkyPark Sdn., Fajarbaru said in a statement.
K-Star Sports Ltd. (KSTR) , a China-based maker of sports footwear, slid 8.6 percent to 26.5 sen, its largest loss since Aug. 22. It reported fourth-quarter net loss of 9.3 million ringgit, compared with a net income of 11.4 million ringgit a year earlier, according to an exchange filing.
PJI Holdings Bhd. (PJIH) , an engineering services group, gained 3.1 percent to 16.5 sen. The company secured two contracts valued at a total of 32 million ringgit, it said in a statement.
Sime Darby Bhd. (SIME) , the country’s biggest listed palm oil producer, rose 1.3 percent to 9.69 ringgit, the most since Feb. 8. Second-quarter net income grew to 1.1 billion ringgit from 877.1 million ringgit a year earlier, it said in a statement. The company declared a dividend of 10 sen per share.
Tradewinds (Malaysia) Bhd. (TWI) , an oil palm planter, fell 2.1 percent to 9.89 ringgit, its largest drop since Nov. 25. Fourth-quarter net income declined 37 percent from a year earlier to 121.5 million ringgit, the company said in an exchange filing.
TSM Global Bhd. (TSM) , an auto-parts manufacturer, jumped 7.1 percent to 1.20 ringgit, the most since Feb. 15. The company received a takeover offer from West River Capital Sdn. for 159.2 million ringgit or 1.25 ringgit per share, TSM said in a statement.
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