Malaysia Stocks: Ekovest, Kencana Petroleum, Kimlun, Proton

Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index rose 2.46 points, or 0.2 percent, to 1,447.27, the first increase in four days. The stock market will close for a holiday from this afternoon and resume trading on Sept. 2.

Ekovest Bhd. (EKO MK), a builder, gained 1.6 percent to 2.52 ringgit, the largest increase since July 28. Profit in the fourth quarter ended June 30 surged to 16.2 million ringgit ($5.4 million) from 1.45 million ringgit a year earlier, according to a stock exchange statement.

Kencana Petroleum Bhd. (KEPB MK), an oil and gas services provider, advanced 2.6 percent to 2.75 ringgit, the biggest increase since July 12. The company is building two drilling rigs at the cost of $290 million, according to a stock exchange filing.

Kimlun Corp. (KICB MK), a Malaysian construction company, climbed 2.8 percent to 1.47 ringgit, the largest gain since Aug. 15. The company won three building contracts valued at 106.5 million ringgit, it said in a statement.

Malton Bhd. (MALT MK), a property developer, gained 4.4 percent to 47.5 sen, the biggest increase since Aug. 11. Profit in the fourth quarter ended June 30 surged almost fivefold to 26.8 million ringgit from 5.54 million ringgit a year earlier.

Proton Holdings Bhd. (PROH MK), an automobile maker, dropped 2.3 percent to 2.93 ringgit, the lowest close since August 2009. Net income in the first quarter slumped to 4.55 million ringgit from 84.7 million ringgit a year earlier, according to an exchange filing.

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