Malaysia Stock Movers: Gadang Holdings, KNM Group, Sunway, YTL
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. trading close in Kuala Lumpur.
Malaysia’s FTSE Bursa Malaysia KLCI (FBMKLCI) Index rose 16.85 points, or 1.2 percent, to 1,428.50, its highest close since Sept. 15.
Gadang Holdings Bhd. (GADG) , a property and construction group, gained 3.2 percent to 64 sen, the highest close since Sept. 9. Gadang won a 410.9 million-ringgit ($130 million) contract from the Malaysian government to build a hospital, it said in a stock exchange filing.
KNM Group Bhd. (KNMG) , an oil and gas services provider, advanced 6.6 percent to 1.30 ringgit, the steepest increase since July 26. KNM secured a 638 million-ringgit contract to build a waste-to-energy plant in Sri Lanka, it said in a stock exchange filing.
Sunway Bhd. (SWB MK), added 6.3 percent to 2.19 ringgit, its highest since Sept. 9. Its joint venture won a S$141 million ($110 million) land tender from Singapore’s Urban Redevelopment Authority, it said in an exchange filing.
YTL Corp. (YTL MK), a utilities, cement and property group, advanced 4.3 percent to 1.46 ringgit, its highest close since July 22. YTL spent 9.7 million ringgit buying back 7.1 million shares, it said in a statement.
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