Aug. 17 (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. trading close in Kuala Lumpur.
The FTSE Bursa Malaysia KLCI Index rose 4.83 points, or 0.3 percent, to 1,503.07, its highest close since Aug. 5.
Allianz Malaysia Bhd. (ALLZ MK), an insurer, rose 3.6 percent to 4.87 ringgit, its largest gain since April 14, after second-quarter profit climbed 23 percent to 36.5 million ringgit ($12.3 million).
Bina Puri Holdings Bhd. (BIN MK), a construction company, climbed 3.6 percent to 1.16 ringgit, the largest gain since July 29. Bina won a 470.3 million ringgit contract to build the second phase of the KK Times Square project, according to an exchange filing. This will include a tourist arcade and serviced apartments in Malaysia’s eastern Sabah state, it said.
Esso Malaysia Bhd. (ESSO MK) surged 14 percent to 4.95 ringgit, the largest advance since August 2006, after Reuters reported that San Miguel Corp. will buy Exxon Mobil Corp.’s 65 percent stake in the oil refiner and fuel retailer. Esso Malaysia Chairman Hugh Thompson couldn’t immediately be reached by phone at his office in Kuala Lumpur. San Miguel Chief Finance Officer Ferdinand Constantino didn’t answer calls to his mobile phone.
JT International Bhd. (RJR MK), a cigarette maker, slid 1 percent to 6.83 ringgit after second-quarter profit fell 9.2 percent from a year earlier to 30.5 million ringgit.
Kurnia Asia Bhd. (KUAB MK), an insurer, rose 6.4 percent to 50 sen, its biggest gain since July 28, after second-quarter net income surged to 15 million ringgit, from 3.24 million ringgit a year earlier.
Kuala Lumpur Kepong Bhd. (KLK MK), a palm oil producer, added 1.1 percent to 21.34 ringgit, the highest since Aug. 5. Third-quarter net income jumped 78 percent from a year earlier to 432.8 million ringgit, it said in a statement.
Malaysian Resources Corp. (MRC MK), a property developer and builder, advanced 1.8 percent to 2.33 ringgit, the highest close since Aug. 4. The company won a 1.33 billion-ringgit contract from Syarikat Prasarana Negara Bhd. for the construction of a rail line extension in Kuala Lumpur, according to an exchange filing. The company was also awarded a 67.2 million-ringgit subcontract for another rail project in the Malaysian capital, the company said.
Sindora Bhd. (SDRA MK), an oil- and gas-shipping company, surged 11 percent to 2.93 ringgit, its highest close since August 1997. Sindora received a 3 ringgit-a-share buyout offer from parent Kulim (Malaysia) Bhd. (KUL MK). Shares of Kulim added 0.8 percent to 3.69 ringgit.
To contact the reporters on this story: Chan Tien Hin in Kuala Lumpur at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com