Malaysia Stocks: Evergreen, Masterskill, PBA, Quality Concrete
Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 5 p.m. close in Kuala Lumpur.
The FTSE Bursa Malaysia KLCI (FBMKLCI) Index rose 3.14, or 0.2 percent, to 1,532.12, its first gain in three days.
Evergreen Fibreboard Bhd. (EVF) , a panel-board maker, dropped 4.1 percent to 1.17 ringgit, its biggest loss since May 9, after first-quarter profit tumbled 83 percent to 5.75 million ringgit ($1.9 million).
Masterskill Education Group Bhd. (MASEG) , Malaysia’s largest operator of non-government nursing colleges, fell 2.3 percent to 2.12 ringgit, the most since April 19. First-quarter net income dropped 15 percent to 22.6 million ringgit.
PBA Holdings Bhd. (PBAH) , a water treatment operator, rose 3 percent to 1.03 ringgit, its highest close since October 26. First-quarter profit doubled from a year earlier to 11 million ringgit.
Quality Concrete Holdings Bhd. (QC MK), a building materials supplier, jumped 11 percent to 1.39 ringgit, the highest since Jan. 21. Its joint venture with Puncak Niaga Holdings Bhd. (PNH MK) won a 667.3 million ringgit contract to build water supply facilities for the rural areas of Sarawak state. Puncak gained 6.7 percent to 2.22 ringgit.
MAA Holdings Bhd. (MAA) , an insurer, climbed 3.2 percent to 1.30 ringgit, the largest increase since May 11. First- quarter profit more than tripled from a year earlier to 16.2 million ringgit.
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