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Malaysia Stocks: Tradewinds Plantations, TSH Resources, Tenaga

By Chan Tien Hin

Sept. 15 (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 6.68, or 0.5 percent, to 1,430.93, its lowest since Aug. 30, 2010. The measure has fallen 2.6 percent this week, its second weekly decline. The market will be shut tomorrow for a holiday.

Palm oil producers: Tradewinds Plantation Bhd. (TWPB MK) advanced 4.1 percent to 3.60 ringgit, its highest since Aug. 4. TSH Resources Bhd. (TSH MK) gained 2.3 percent to 3.10 ringgit and Sarawak Oil Palms Bhd. (SOP MK) added 1.7 percent to 4.16 ringgit. Regional plantation stocks may report higher third-quarter earnings on stronger production and better selling prices, CIMB Holdings Bhd. said in a report today.

Tenaga Nasional Bhd. (TNB MK), Malaysia’s biggest power producer, fell 2.2 percent to 5.01 ringgit, the lowest close since April 9, 2009. Tenaga faces earnings risks this year and in 2012 on higher fuel costs as gas supply shortages persists, Citigroup Inc. wrote in a report.

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