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Malaysia Stocks: Evergreen, Masterskill, PBA, Quality Concrete

By Chan Tien Hin

May 24 (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 3.14, or 0.2 percent, to 1,532.12, its first gain in three days.

Evergreen Fibreboard Bhd. (EVF MK), a panel-board maker, dropped 4.1 percent to 1.17 ringgit, its biggest loss since May 9, after first-quarter profit tumbled 83 percent to 5.75 million ringgit ($1.9 million).

Masterskill Education Group Bhd. (MASEG MK), Malaysia’s largest operator of non-government nursing colleges, fell 2.3 percent to 2.12 ringgit, the most since April 19. First-quarter net income dropped 15 percent to 22.6 million ringgit.

PBA Holdings Bhd. (PBAH MK), a water treatment operator, rose 3 percent to 1.03 ringgit, its highest close since October 26. First-quarter profit doubled from a year earlier to 11 million ringgit.

Quality Concrete Holdings Bhd. (QC MK), a building materials supplier, jumped 11 percent to 1.39 ringgit, the highest since Jan. 21. Its joint venture with Puncak Niaga Holdings Bhd. (PNH MK) won a 667.3 million ringgit contract to build water supply facilities for the rural areas of Sarawak state. Puncak gained 6.7 percent to 2.22 ringgit.

MAA Holdings Bhd. (MAA MK), an insurer, climbed 3.2 percent to 1.30 ringgit, the largest increase since May 11. First-quarter profit more than tripled from a year earlier to 16.2 million ringgit.

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