Malaysian Stocks: Cahya Mata, LPI, Premium Nutrients, YTL Power

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 4.50, or 0.3 percent, to 1,594.74, a record close. The gauge climbed 0.8 percent this week, its fourth weekly gain.

Cahya Mata Sarawak Bhd. (CMS MK) gained 2.8 percent to 2.24 ringgit, the largest jump since June 3. The construction company said it will partner OM Materials (S) Pte to build a manganese ferro silicon smelting plant in Malaysia’s Sarawak state at a cost of $450 million. The plant will have an annual capacity of 600,000 metric tons, Cahya said in a statement.

KKB Engineering Bhd. (KKB MK), an engineering and construction group, added 1.6 percent to 1.96 ringgit, after the company won an earthworks contract valued at 70 million ringgit ($23 million) from OM Materials (Sarawak) Sdn.

LPI Capital Bhd. (LPI MK), an insurer, climbed 1.7 percent to 14.04 ringgit, the highest close since Jan. 10, after profit in the second quarter ended June 30 rose 19 percent from a year earlier to 31.4 million ringgit.

Premium Nutrients Bhd. (PRNB MK), a palm oil processor, advanced 18 percent to 23.5 sen, the most since December 2009, after completing the sale of three of its main businesses to Agro Asia Pacific Ltd. for 118 million ringgit.

YTL Power International Bhd. (YTLP MK) rose 1.9 percent to 2.20 ringgit, the steepest increase since Dec. 29. The company said Japan’s Marubeni Corp. will invest $228 million in YTL Jawa Power Holdings Ltd., which owns a 35 percent stake in a 1,220 megawatt power station in Indonesia. YTL Power is the parent of YTL Jawa.

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