Bloomberg News

Malaysia Stocks: AirAsia, Bina Darulaman, IOI, PLB, Sime Darby

October 25, 2011

Oct. 25 (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 rose 0.5 percent to 1,457.80, its second day of gains. The market will be shut tomorrow for a public holiday.

Plantation stocks: Sime Darby Bhd. (SIME MK) gained 2.4 percent to 8.85 ringgit. IOI Corp. (IOI MK) added 1.4 percent to 5.10 ringgit. Hap Seng Plantations Holdings Bhd. (HAPL MK) rose 1.2 percent to 2.64 ringgit.

Palm oil rose for a third day, gaining as much as 2 percent to 2,947 ringgit per metric ton.

AirAsia Bhd. (AIRA MK), Asia’s biggest budget carrier, climbed 1 percent to 3.88 ringgit, its highest close since Aug. 5. The airline carried 13.5 percent more passengers in the third quarter compared with a year earlier, it said in a statement.

Bina Darulaman Bhd. (DRLM MK), a construction company, advanced 2.8 percent to 1.12 ringgit, the most since Oct. 6. Bina’s third-quarter net income more than doubled to 5.8 million ringgit ($1.9 million) from 2.1 million ringgit a year earlier, it said in a statement.

PLB Engineering Bhd. (PLB MK), a builder and property group, rose 1.2 percent to 86 sen, after it said fiscal fourth- quarter net income rose 61 percent to 3.35 million ringgit.

--Editor: Richard Frost

To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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