KL shares close lower


19/07/2012 18:21 AST  Business Times

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 0.40 point, or less than 0.1 per cent, to 1,644.60, snapping a four-day gain.

Bursa Malaysia Bhd, the country’s exchange operator, gained 2.9 per cent to RM6.70, its steepest increase since Feb. 8. The stock was upgraded to outperform at Credit Suisse Group AG with a share-price estimate of RM8, Arjan van Veen, an analyst, wrote in a report today. CIMB Group Holdings Bhd raised its rating to trading buy from neutral with a price target of RM7.28.

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