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Malaysia Stocks: Gunung, Kulim, QL Resources, Yeo Hiap Seng

By Chan Tien Hin

Nov. 4 (Bloomberg) -- Malaysia’s FTSE Bursa Malaysia KLCI Index rose 4.14, or 0.3 percent, to 1,511.74 at the 5 p.m. close in Kuala Lumpur, near the record closing high of 1,516.22 on Jan. 11, 2008. The markets will be shut tomorrow for a public holiday.

Gunung Capital Bhd. (GNC MK), a property investor and travel and tour company, gained 2.2 percent to 69.5 sen, the highest level since Oct. 25. The company said it received a contract to operate a public service in the Perak state. The contract is valued at 4.32 million ringgit over the first five years, it said in a statement.

Kulim (Malaysia) Bhd. (KUL MK), a palm oil producer, advanced 5.7 percent to 11.94 ringgit, a record close. The company said it plans a share split and a bonus issue.

QL Resources Bhd. (QLG MK), a fishmeal producer and oil palm planter, climbed 3 percent to 5.78 ringgit, a record, after the company proposed a share split to boost the stock’s affordability.

Yeo Hiap Seng (Malaysia) Bhd. (YHSM MK), a beverage maker, advanced 1.3 percent to 1.56 ringgit, its highest close since July 27. The company said it had a profit of 4.05 million ringgit in the third quarter compared with a loss of 2.96 million ringgit a year earlier.

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