By Gan Yen Kuan
March 1 (Bloomberg) -- 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 rose 0.2 percent to 1,573.45, its highest close since July 15.
Faber Group Bhd. (FAB MK), a property developer and hospital support-services provider, advanced 4.1 percent to 1.78 ringgit, its biggest gain since Jan. 19. Fourth-quarter profit jumped to 56.4 million ringgit ($19 million) from 2.9 million ringgit a year earlier, according to a stock-exchange filing.
GHL Systems Bhd. (GHLS MK), an online transactions provider, slumped 12 percent to 34.5 sen, the most since Nov. 19, 2009. The company’s fourth-quarter net loss widened to 24.7 million ringgit from 11.3 million ringgit a year earlier, it said in an exchange filing.
Malaysian Airline System Bhd. (MAS MK), the nation’s largest long-haul carrier, dropped 3.5 percent to 1.38 ringgit, its steepest decline since Feb. 23. The airline reported a net loss of 1.28 billion ringgit in the fourth quarter, compared with a profit of 225.9 million ringgit a year earlier, it said in a statement.
Scomi Group Bhd. (SGB MK), an oil and gas services provider, slid 5.1 percent to 28 sen, its biggest drop since Sept. 26. Fourth-quarter net loss widened to 242.3 million ringgit from 23.6 million ringgit a year earlier, according to an exchange filing. Its unit Scomi Engineering Bhd. (SEB MK) slipped 8.4 percent to 54.5 sen, while associate Scomi Marine Bhd. (SMB MK) lost 9.2 percent to 39.5 sen, after reporting losses.
Silver Bird Group Bhd. (SBG MK), a bread maker, plunged 49 percent to 20.5 sen, its largest loss on record. The company is investigating possible irregularities in its accounts, it said in a statement. Also, three of its units defaulted on loans and the stock was placed under the exchange’s watchlist of financially ailing companies, it said.
Sime Darby Bhd. (SIME MK), the country’s biggest listed palm oil producer, climbed 2.5 percent to 9.93 ringgit, its highest close since April 28, 2008. The stock’s price estimate was raised to 9.90 ringgit from 8.50 ringgit at Maybank Investment Bank Bhd., while RHB Capital Bhd. increased its so-called fair value to 10.55 ringgit from 10.40 ringgit, according to separate brokerage reports today.