Bloomberg News

Malaysia Stocks: GPRO Technologies, SapuraCrest, Unisem, UMW

November 02, 2011

Nov. 2 (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 fell 0.3 percent to 1,470.95, its second day of declines.

GPRO Technologies Bhd. (GPRO MK), an information technology company, fell 4.1 percent to 23.5 sen, after a 29 percent surge yesterday. The company isn’t aware of a reason to account for the recent jump in its shares, it said in a statement in response to a query from the Kuala Lumpur stock exchange.

SapuraCrest Petroleum Bhd. (SCRES MK), an oil and gas services provider, climbed 2.5 percent to 4.10 ringgit after it received a $1.4-billion contract from Petroleo Brasileiro S.A. The contract is to charter and operate three units of pipe- laying support vessels, SapuraCrest said in a statement.

Unisem (M) Bhd. (UNI MK), a semiconductor assembler, slid 3.2 percent to 1.22 ringgit, the most since Oct. 18. The company said third-quarter profit slumped 90 percent from a year earlier to 5.27 million ringgit ($1.7 million).

UMW Holdings Bhd. (UMWH MK), an automotive assembler, gained 2.3 percent to 6.75 ringgit, the largest increase since Sept. 29, after it received a $72 million contract to provide a semi-submersible drilling rig to Petronas Carigali Sdn.

--Editor: Matthew Oakley

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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