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Malaysian Stocks: AirAsia, Berjaya, Gefung, Guinness, Top Glove

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

The FTSE Bursa Malaysia KLCI Index fell 0.1 percent to 1,465.39, the third decline in four days.

AirAsia Bhd. (AIRA MK), Asia’s biggest budget carrier, dropped 2.1 percent to 3.71 ringgit. Its Indonesian unit will postpone an initial share sale until next year because of global economic turmoil, Agence France-Presse reported yesterday. AirAsia said both its Thailand and Indonesian units will submit applications to list their shares in the respective countries in the first quarter, according to an e-mailed statement.

Berjaya Sports Toto Bhd. (BST MK), a lottery operator, climbed 2.9 percent to 4.22 ringgit, its largest gain since Sept. 15. Second-quarter net income jumped 62 percent to 105.7 million ringgit ($33.2 million), the company said in a stock-exchange filing.

Gefung Holdings Bhd. (GFHB MK), a marble and granite products maker, slid 14 percent to 15 sen, its steepest fall since Nov. 15. The company priced its rights offer at a 12 percent discount to the recent average market price, it said in a statement.

Guinness Anchor Bhd. (GUIN MK), a brewer, advanced 5.7 percent to 12.98 ringgit, a record close. The company declared a special interim dividend of 60 sen per share, it said in a statement.

Top Glove Corp. (TOPG MK), a rubber-glove maker, lost 1.4 percent to 4.37 ringgit, its lowest level since Nov. 25. Citigroup Inc. cut its price target for the stock to 5.11 ringgit from 5.95 ringgit as the brokerage expected slower recovery in sales and margins at Top Glove, Fiona Leong, an analyst at the brokerage, wrote in a report today.

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