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Malaysia Stocks: Amcorp, E&O, Favelle, Masterskill Education

Shares of the following companies may have unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of 5 p.m. close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index rose 9.67 points, or 0.6 percent, to 1,535.59, its first gain in four sessions.

Amcorp Properties Bhd. (APRO MK), a Malaysian real-estate developer, rose 9.3 percent to 59 sen, its highest close since Aug. 13, 2009. The company agreed to sell land for 122.3 million ringgit ($40 million), according to an exchange filing.

Eastern & Oriental Bhd. (EAST MK), a property developer, gained 7.7 percent to 1.26 ringgit, its biggest rise since Jan. 4, 2010. The company received state approval for the second phase of a property development project on land to be reclaimed in Tanjong Tokong in Penang state, according to a company statement.

Favelle Favco Bhd. (FFB MK), a crane maker, rose 7.1 percent to 1.20 ringgit, set for its highest close since Jan. 14, after saying in a statement that it had won contracts totaling 89.5 million ringgit ($30 million) to supply four offshore cranes.

Malaysian Airline System Bhd. (MAS MK) climbed 1.1 percent to 1.85 ringgit after Chief Executive Officer Tengku Azmil Zahruddin told reporters the national carrier is progressively raising fuel surcharges by region to mitigate higher oil costs.

Masterskill Education Group Bhd., (MASEG MK), Malaysia’s largest operator of non-government nursing colleges, rose 1.8 percent to 2.28 ringgit after saying in a statement that it will form a joint venture to open a university in Indonesia.

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