By Chan Tien Hin
Nov. 18 (Bloomberg) -- Malaysia’s FTSE Bursa Malaysia KLCI Index fell 6.89, or 0.5 percent, to 1,496.65 at the 5 p.m. close in Kuala Lumpur, its lowest close since Oct. 25. The market was shut yesterday for a public holiday.
Plantation stocks: Boustead Holdings Bhd. (BOUS MK) led plantation stocks lower after palm-oil futures slid two a two-week low. Boustead fell 0.7 percent to 5.46 ringgit, the lowest level since Oct. 21. Kulim (Malaysia) Bhd. (KUL MK) lost 3.6 percent to 13.38 ringgit and Tradewinds Plantation Bhd. (TWPB MK) dropped 3.1 percent to 2.20 ringgit.
Palm oil dropped 1 percent to 3,239 ringgit a metric ton in Malaysia trading, headed for its lowest close since Nov. 4.
Bandar Raya Developments Bhd. (BRD MK), a property developer, slid 2.4 percent to 2.45 ringgit, its steepest decline since Sept. 15. The company said it had a loss of 745,000 ringgit ($237,000) in the third quarter, compared with a profit of 40.9 million ringgit a year earlier as sales slid more than 52 percent.
Hong Leong Capital Bhd. (HLG MK), a stockbroker and investment banking group, gained 3.4 percent to 1.23 ringgit, the most since Nov. 9. The company said profit in the first quarter ended Sept. 30 rose 22 percent from a year earlier to 6.57 million ringgit.
Hong Leong Industries Bhd. (HLI MK), an investment group, advanced 7.7 percent to 5.60 ringgit, the highest close since Feb. 27, 2007. The company said it agreed to buy Hume Industries (Malaysia) Sdn. for 235.2 million ringgit and invest in a sister cement maker as part of plans to expand its building materials business.
Media Prima Bhd. (MPR MK), a newspaper publisher and broadcaster, climbed 0.9 percent to 2.24 ringgit, its highest close since Nov. 9. The company said third-quarter profit surged fourfold from a year earlier to 71.9 million ringgit after revenue more than doubled.