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Malaysia Stocks: AirAsia, EON Capital, Hong Leong Bank, Sumatec

By Chan Tien Hin

May 3 (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 3.48, or 0.2 percent, to 1,531.47, its second day of declines. The market was shut on May 2 for a public holiday.

AirAsia Bhd. (AIRA MK), Southeast Asia’s biggest budget carrier, climbed 4.5 percent to 3 ringgit, its highest close since Jan. 13. The company said it will introduce fuel surcharges on all routes from today.

Asiaep Bhd. (AEP MK), an e-commerce solutions provider, tumbled 15 percent to 5.5 sen, its largest drop since Aug. 10, 2009. The company’s fourth-quarter loss widened to 31.3 million ringgit ($10.5 million) from 942,000 ringgit a year earlier.

EON Capital Bhd. (EON MK), a banking group, advanced 2.2 percent to 7.39 ringgit, its highest since Aug. 3, 2007. EON accepted Hong Leong Bank Bhd.’s (HLBK MK) 5.06 billion-ringgit takeover offer after the bid was sweetened with a dividend payment to existing EON shareholders, according to a company statement. Hong Leong added 0.2 percent to 10.42 ringgit.

Hong Leong Industries Bhd. (HLI MK), an investment group, rose 3.1 percent to 3.94 ringgit, the most since March 21. The company’s fiscal third-quarter profit climbed 15 percent from a year earlier to 60.1 million ringgit.

Sumatec Resources Bhd. (SMTC MK) plunged 48 percent to 13 sen, a record drop. The engineering group was directed by the Kuala Lumpur stock exchange to prepare a plan to restore its finances or risk being de-listed.

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