By Gan Yen Kuan
April 20 (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 fell 0.3 percent to 1,591.85, its lowest close since April 9. The gauge declined 0.7 percent this week, its first drop in five weeks.
Aeon Credit Service (M) Bhd. (ACSM MK), a provider of consumer financing, advanced 5 percent to 9.18 ringgit, a record. Fourth-quarter net income surged 43 percent from a year earlier to 27.7 million ringgit ($9 million), the company said in a statement. The stock’s so-called fair value was raised to 9.98 ringgit from 7.20 ringgit at OSK Holdings Bhd., according to the brokerage’s report today.
Ariantec Global Bhd. (AGB MK), a computer services provider, surged 26 percent to 22 sen, its highest close since Feb. 22, 2007. Samsudin Abu Hassan became a substantial shareholder in the company with a 5.3 percent stake, an exchange filing showed.
Envair Holding Bhd. (ENHB MK), which plans to venture into the trading of oil and gas products, slid 1.8 percent to 27 sen, its lowest close since March 29. An Hong Shenzhen Industrial Co. has canceled an agreement to buy 2 million barrels of light crude oil monthly over 60 months from Envair, it said in a statement.
Fitters Diversified Bhd. (FIT MK), a builder and distributor of fire-safety materials, climbed 4.6 percent to 79 sen, its steepest increase since Dec. 2. The stock was rated new buy with a price estimate of 1.25 ringgit, HwangDBS Vickers Research Sdn. wrote in a report today. The company may see record earnings in fiscal year 2013 on its property development and renewable energy venture, the brokerage said.
Grand-Flo Solution Bhd. (GFLO MK), a software company, rose 2.1 percent to 49 sen, its highest close since Feb. 24. The company’s units have secured orders valued at 5.1 million ringgit to provide data systems, it said in a statement.
PJBumi Bhd. (PJSB MK), a storage-tank supplier, dropped 2.3 percent to 21 sen, its lowest close since April 5. The company proposed a capital reduction to offset accumulated losses, it said in a statement.