Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Malaysia Smelting, SapuraCrest, YTL: Malaysia Equity Preview

Don't Miss Out —
Follow us on:

Oct. 4 (Bloomberg) -- Shares of the following companies may have unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.

Malaysia’s FTSE Bursa Malaysia KLCI Index fell 1.4 percent to 1,367.52.

Malaysia Smelting Corp. (SMELT MK): The Democratic Republic of Congo is in “very advanced talks” with Malaysia Smelting, a tin producer, to build a cassiterite foundry in eastern Congo, Mines Minister Martin Kabwelulu said. Malaysia Smelting was unchanged at 3.56 ringgit.

Malayan Banking Bhd. (MAY MK): The Employees Provident Fund, Malaysia’s biggest pension fund, bought 6.3 million shares in the nation’s largest banking group, a stock exchange filing showed. Maybank, as the lender is known, slid 1.1 percent to 7.91 ringgit.

Petronas Chemicals Group Bhd. (PCHEM MK): The Employees Provident Fund, Malaysia’s largest pension fund, bought 8.2 million shares in the Malaysian chemicals company, stock filings showed. The shares fell 1.4 percent to 5.48 ringgit.

SapuraCrest Petroleum Bhd. (SCRES MK): The oil and gas services provider said it affiliate unit won a 99.5 million-ringgit ($31 million) contract to build a platform supply vessel for Tanjung Offshore Bhd. (TOFF MK). The stock fell 4.6 percent to 3.51 ringgit.

SP Setia Bhd. (SPSB MK): Malaysia’s biggest listed developer by sales agreed to buy 673.3 acres of land in Selangor state for 381.3 million ringgit. The stock was unchanged at 3.89 ringgit.

YTL Corp. (YTL MK): The Malaysian utilities, cement and property group spent 2.7 million ringgit buying back 2 million of its own shares, a stock filing showed. YTL rose 0.8 percent to 1.34 ringgit.

To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.