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Malaysia Stocks: Alam, Bintai Kindren, Hong Leong, Padini, YTL

By Chan Tien Hin

April 26 (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 rose 3.29, or 0.2 percent, to 1,527.34, its second day of gains.

Alam Maritim Resources Bhd. (AMRB MK), an oil and gas services provider, rose 3.5 percent to 1.18 ringgit, its biggest gain since April 20. The company won contracts valued at 24.8 million ringgit ($8.3 million) to supply five workboats to two companies, according to an exchange filing.

Bintai Kinden Corp. (BKC MK), a builder, jumped 9.2 percent to 35.5 sen, the highest level since Feb. 16, after agreeing to sell its 69.8 percent stake in its engineering unit for 150 million ringgit.

Hong Leong Bank Bhd. (HLBK MK), a banking group that plans to buy lender EON Capital Bhd. (EON MK), slid 1 percent to 10.30 ringgit, its lowest close since April 15. China Construction Bank Corp., the world’s second-largest lender by market value, has expressed interest in buying EON Capital, two people with knowledge of the matter said. Yu Baoyue, a press officer at China Construction Bank, declined to comment. EON Capital added 0.6 percent to 7.11 ringgit.

Padini Holdings Bhd. (PAD MK) sank 5.9 percent to 1.12 ringgit, the most since Oct. 4. Puncak Bestari Sdn. ceased to be a substantial shareholder of Padini after selling 179.3 million shares, or a 27 percent stake, in the garment manufacturer and retailer, according to a stock exchange filing.

Vitrox Corp. (VITRO MK), a semiconductor inspection services provider, jumped 8.6 percent to 2.27 ringgit, a record close, after proposing a one-for-two bonus share issue.

YTL Corp. (YTL MK), Malaysia’s biggest builder, advanced 5.1 percent to 1.68 ringgit, the steepest increase since Nov. 3, 2008, after each of the company’s shares were sub-divided into five to make them more affordable.

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