Bloomberg News

Malaysian Stocks Movers: Goldis, Kurnia Asia

December 14, 2011

Dec. 14 (Bloomberg) -- Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of 10:28 a.m. in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index was unchanged at 1,465.32.

Goldis Bhd. (GOLD MK), an investment company with interests in property and water treatment, surged 6.2 percent to 1.90 ringgit, on course for its highest close since Dec. 29, 1994. The company declared a second interim dividend of 10 sen per share after third-quarter net income jumped 21-fold to 237.4 million ringgit ($74.5 million), it said in stock exchange filings.

Kurnia Asia Bhd. (KUAB MK), an insurer, climbed 5.8 percent to 55 sen, headed for its highest close since Aug. 3. The company may sell its stake in a unit to Insurance Australia Group Ltd., the Star newspaper reported today. Kurnia Asia will make an announcement when required, said an official, who couldn’t be named because of company policy.

--Editor: Matthew Oakley

To contact the reporter on this story: Gan Yen Kuan in Kuala Lumpur at ykgan@bloomberg.net

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


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