Malaysia Stocks: Alam Maritim, Allianz, Guocoland, Top Glove

By Chan Tien Hin and Barry Porter

April 14 (Bloomberg) -- The following companies had unusual price changes in Malaysia trading. Stock symbols are in parentheses, and share prices are as of the 5 p.m. close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index fell 9.79, or 0.6 percent, to 1,525.80, the lowest since March 29.

Alam Maritim Resources Bhd. (AMRB MK), an oil and gas services provider, gained 1 percent to 1.02 ringgit, its second day of gains. The company won a contract worth 24.2 million ringgit ($8 million) to supply two vessels, according to an exchange filing.

Allianz Malaysia Bhd. (ALLZ MK) advanced 4.2 percent to 5.20 ringgit, its highest level since Feb. 17. CIMB Investment Bank Bhd. valued the insurer’s shares at between 8.20 ringgit and 9.80 ringgit to reflect its earnings growth prospects, according to a report by analyst Winson Ng Gia Yann.

Guocoland (Malaysia) Bhd. (GUOL MK), a property developer, dropped 3.9 percent to 1.25 ringgit, the lowest close since March 28, after the company reported a third-quarter loss of 3.6 million ringgit.

Top Glove Corp. (TOPG MK), the world’s biggest rubber-glove maker, gained 1 percent to 5.01 ringgit, halting a five-day drop. Rubber declined for a third day amid speculation demand from tire makers may weaken because of Japan’s nuclear crisis and that supply from Thailand, the largest producer, may improve after New Year holidays.