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Malaysia Stocks: CB Industrial, C.I. Holdings, CCM, Tricubes

By Chan Tien Hin

April 22 (Bloomberg) -- Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 5 p.m. close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index fell 3.58, or 0.2 percent, to 1,522.75. The gauge gained 0.1 percent this week.

CB Industrial Product Holding Bhd. (CBP MK), a farm-equipment maker, jumped 9.9 percent to 4.45 ringgit, its steepest increase since April 24, 2009, after proposing a one-for-one bonus share issue.

C.I. Holdings Bhd. (CIH MK), a beverage and construction group, dropped 1.4 percent to 2.90 ringgit, its lowest level since Sept. 9. The stock’s “fair value” was cut to 3.30 ringgit from 3.88 ringgit at RHB Research Institute Sdn. to reflect lower beverage sales forecasts, analyst Hoe Lee Leng wrote in a report today.

CCM Duopharma Biotech Bhd. (CCMD MK), a pharmaceutical distributor, climbed 1.7 percent to 2.45 ringgit, the most since April 1, after announcing a final dividend of 11 sen a share.

Tricubes Bhd. (TRCU MK) rose 3.2 percent to 32.5 sen, its highest close since March 2005, after saying it has initial financing for a national e-mail service project which is targeted to be ready in July.

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