Malaysian Stocks: Bintai, Century Software, China Stationery

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. break in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index (FBMKLCI) fell 0.2 percent to 1,596.19.

Bintai Kinden Corp. Bhd. (BKC) , a builder, jumped 5.4 percent to 39 sen, poised for the highest close since May 25, 2011. The company got a contract valued at S$29.1 million ($23 million) in Singapore, it said in a regulatory filing.

Century Software Holdings Bhd. (CSHB) , a developer of financial management software, climbed 4.7 percent to 44.5 sen, on course for the steepest advance since April 4. The company got contracts valued at 5.6 million ringgit ($1.8 million).

China Stationery Ltd. (CSL TB), a producer of plastic office supplies, lost 5.6 percent to 1.68 ringgit, bound for the steepest decline since March 8. The company was queried by the Malaysia’s stock exchange over surge in its share price and trading volume, it said in a regulatory filing.

GuocoLand (Malaysia) Bhd. (GUOL) , a property developer, slumped 4.2 percent to 80 sen, on course for the largest drop since Sept. 22. The company had a net loss of 2.4 million ringgit in the quarter ended March 31.

LBS Bina Group Bhd. (LBS) , a property developer, declined 2.8 percent to 86.5 sen. The company signed an agreement to sell between 60 percent and 100 percent of Dragon Hill Corp. for an indicative price of as much as HK$1.65 billion ($212 million), according to an exchange filing. Hong Kong-based Dragon Hill has golf and property development projects in Zhuhai, China.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net.

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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