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Malaysia Stocks: IRM Group, Poh Huat, Sin Heng Chan, YTL Corp.

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March 14 (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 0.8 percent to 1,575.71, the biggest advance since Feb. 29.

IRM Group Bhd. (IRMG MK) rose 11 percent to 20 sen, the steepest increase since March 6. The company received government approval to install a solar power station in Perlis state, it said in a statement.

Poh Huat Resources Holdings Bhd. (PHR MK), a furniture maker, jumped 7.8 percent to 41.5 sen, the largest gain since Aug. 10. Net income in the first quarter climbed to 2.2 million ringgit ($724,339) from 654,000 ringgit a year earlier.

Sin Heng Chan (Malaya) Bhd. (SHL MK), a producer of animal feeds, advanced 2.7 percent to 1.13 ringgit, the highest close since April 2007, extending yesterday’s 37 percent rally. The company said it is unaware of any reason for the recent share price surge.

YTL Corp. (YTL MK TB), a utility, property and construction group, increased 3 percent to 1.73 ringgit, the most since March 2. YTL spent 21.1 million ringgit buying back 12.3 million of its own shares, according to a company statement.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net.

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

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