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Malaysia Stocks: Bandar Raya, CIMB, DXN, Ingress, Mesiniaga

By Chan Tien Hin

Sept. 6 (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.

Malaysia’s FTSE Bursa Malaysia KLCI Index fell for a second day, losing 8.75 points, or 0.6 percent, to 1,454.37.

Bandar Raya Developments Bhd. (BRD MK), a property developer, surged 5.6 percent to 2.45 ringgit, the highest close since Nov. 18, after a major shareholder proposed to acquire its malls and offices.

CIMB Group Holdings Bhd. (CIMB MK), Malaysia’s second-largest bank, fell 1.4 percent to 7.30 ringgit, its steepest decline since Aug. 26, after BNP Paribas SA downgraded the stock to “hold” from “buy” to reflect slowing earnings growth.

DXN Holdings Bhd. (DXN MK), a manufacturer of health-food supplements and products, jumped 42 percent to 1.70 ringgit, a record close, after receiving a buyout offer of 1.75 ringgit a share from a group of shareholders.

Ingress Corp. (INGC MK), an auto-parts and engineering services group, added 1.8 percent to 83 sen after it won four contracts valued at 67.9 million ringgit ($22.7 million) from Tenaga Nasional Bhd. (TNB MK). Ingress won one of the contracts with Infrarail Sdn., it said in a statement.

Mesiniaga Bhd. (MESI MK), a computer-services company, gained 4.9 percent to 1.94 ringgit, the most since Aug. 10, after winning a 167 million-ringgit contract from Telekom Malaysia Bhd. (T MK).

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