Malaysia Stock Movers: Eastern & Oriental, Grand-Flo, Sig Gases

June 29 (Bloomberg) -- Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of 5 p.m. in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index rose 4.99, or 0.3 percent, to 1,575.01, a record close. The gauge has gained 1.9 percent this quarter, heading for a fourth quarterly increase.

Eastern & Oriental Bhd. (EAST MK), a property group, climbed 4.5 percent to 1.63 ringgit, its highest close since June 15. The company agreed to form a joint venture with Khazanah Nasional Bhd. and Temasek Holdings Pte to develop a township project in Iskandar Malaysia in the southern Johor state, according to a stock filing.

Grand-Flo Solution Bhd. (GFLO MK), a software company, rallied 3.6 percent to 43 sen, its biggest increase since June 22. HeiTech Padu Bhd. (HEIT MK) bought a 13 percent stake in Grand-Flo, making it a substantial shareholder in the company, a stock filing showed.

Sig Gases Bhd. (SIGA MK), an industrial gas producer and distributor, advanced 2.5 percent to 81 sen, the steepest jump since April 8. Sig signed a preliminary agreement with Iwatani Corp. to set up a helium gas plant in Malaysia’s Johor state, according to a company statement.

To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net