Bloomberg News

Malaysian Equity Movers: Kimlun, N2N Connect, WCT

June 08, 2012

Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. trading break in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index (FBMKLCI) fell 0.3 percent to 1,571.32, heading for the first drop in four days. The gauge has fallen 0.1 percent this week.

Kimlun Corp. (KICB) , an investment company, advanced 1.4 percent to 1.49 ringgit after it got a 48.5 million ringgit ($15 million) contract to supply precast-concrete tunnel-segment linings to MMC-Gamuda KVMRT (T) Sdn. for a railway project.

N2N Connect Bhd. (N2N) (N2N MK), a computer software research and development service provider, rose 6.7 percent to 48 sen, poised for the steepest increase since March 8. N2N said its contract to provide exchange-wide online trading, direct market access and advanced trading tools to the Philippine Stock Exchange is valued at 30 million ringgit over a five-year period.

WCT Bhd. (WCT) , a construction company, rose 1.3 percent to 2.43 ringgit, heading for the highest close since May 29, after obtaining a 72.8 million ringgit civil-works contract from Vale Malaysia Minerals Sdn Bhd.

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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