Malaysia Stock Movers: Kimlun Corp., Malton, Proton Holdings
Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of 9:33 a.m. in Kuala Lumpur.
The FTSE Bursa Malaysia KLCI (FBMKLCI) Index rose 4.97, or 0.3 percent, to 1,449.78, the first increase in four days.
Kimlun Corp. (KICB MK), a Malaysian construction company, climbed 1.4 percent to 1.45 ringgit, poised for the steepest advance since Aug. 15. The company won three building contracts valued at 106.5 million ringgit ($36 million), it said in a statement.
Malton Bhd. (MALT) , a property developer, gained 4.4 percent to 47.5 sen, bound for the biggest increase since Aug. 11. Profit in the fourth quarter ended June 30 surged almost fivefold to 26.8 million ringgit from 5.54 million ringgit a year earlier.
Proton Holdings Bhd. (PROH) , an automobile maker, dropped 3 percent to 2.91 ringgit, set for the lowest close since August 2009. Net income in the first quarter slumped to 4.55 million ringgit from 84.7 million ringgit a year earlier, according to an exchange filing.
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