Malaysia Stocks: CIMB, Jerneh, Malaysia Building, TRC Synergy
The FTSE Bursa Malaysia KLCI (FBMKLCI) Index fell 0.5 percent to 1,484.03, snapping a five-day, 3.7 percent gain. The gauge rallied 7.6 percent in October, the most since July 2009.
Banks: CIMB Group Holdings Bhd. (CIMB) slid 1.2 percent to 7.48 ringgit, set for its biggest drop since Oct. 18. Alliance Financial Group Bhd. (AFG) lost 1.1 percent to 3.48 ringgit and Hong Leong Financial Group Bhd. (HLFG) declined 1.3 percent to 11.78 ringgit.
Lending growth in Malaysia may peak soon, after loan applications and approvals fell in September from a month earlier, ECM Libra Capital Sdn. said in a report today.
Jerneh Asia Bhd. (JER) rose 4.4 percent to 1.42 ringgit, set for its biggest increase since April 21. Kuok Brothers Sdn. made a buyout offer at 1.45 ringgit a share.
Malaysia Building Society (MBS) Bhd, a mortgage financing provider, advanced 2.3 percent to 1.81 ringgit, on course for its highest close since May 3, after it said third- quarter profit more than doubled to 95.1 million ringgit ($31 million).
TRC Synergy Bhd. (TRC) , a construction company, added 2.3 percent to 66 sen, its first gain in three days. The company won a 51.4 million-ringgit building contract.
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