Thesun 2009-08-25 Page17 Market Summary

theSun

17

| TUESDAY AUGUST 25 2009

business INDICES CONSTRUCTION CONSUMER FBMACE FBMEMAS FBM-KLCI FBMSHA FINANCE INDUSTRIAL PROD INDUSTRIAL MINING PLANTATIONS PROPERTIES TECNOLOGY TRADING/SERVICES

KLCI STI Hang Seng SCI CHANGE

224.79 356.26 4,182.85 7,932.22 1,174.49 8,186.33 9,485.10 89.69 2,590.62 344.50 5,845.81 779.97 17.22 155.28

+2.13 +2.36 -22.99 +69.77 +10.70 +47.79 +68.81 -0.08 +17.11 +2.03 +19.13 +6.85 +0.55 +1.75

TURNOVER

VALUE

694.863mil

RM1.11bil

1,174.49 2,612.33 20,627.72 2,993.43

10.70 67.47 428.70 32.66

Nikkei 10,581.05 TSEC 6,838.25 KOSPI 1,612.22 S&P/ASX200 4,426.10

market summary

342.85 183.45 31.24 135.50

AUGUST 24, 2009

Shares end higher on buying in bluechips SHARE prices on Bursa Malaysia ended the day higher with buying in bluechip counters such as British American Tobacco and Genting, dealers said. At close, the FBM KLCI rose 10.7 points or 0.91% to end at 1,174.49. SJ Securities analyst Phua Kwee Hock said the market is expected to move upward this week and trade around 1,185.

briefs Britain free of recession: Survey LONDON: A record recovery in Britain’s business confidence signals that the country’s recession “is at an end,” an industry body here said yesterday. Optimism among professionals moved to its highest level for two years in the current third quarter, according to research by the Institute of Chartered Accountants in England and Wales (ICAEW). The confidence measure jumped from minus 28.2 to 4.8, the largest quarterly improvement since the survey began in 2003. The group’s third quarter survey “suggests that the UK recession is at an end,” said ICAEW chief executive Michael Izza. “While there is no doubt that the UK economy is on its way to recovery, we shouldn’t underestimate the challenges ahead for businesses,” he added in a statement. Officially, Britain remains in recession after government data showed its economy shrank

“But resistance remains at 1,196, the level which the market achieved last Aug 14,” he said. Phua said US Federal Reserve Chairman Ben Bernanke’s statement that the country’s economy was nearing recovery had reassured investors to push global markets up. “At first, the concern of the stock markets was on the con-

by 0.8% in the second quarter – marking the fifth quarterly contraction in a row. – AFP

Toyota to conduct biggest recall yet in China TOKYO: Japan’s Toyota Motor Co announced yesterday its biggest ever recall in China, affecting about 688,000 vehicles, due to a defect in the electric window system. The recall covers four sedan models – the Camry, Yaris, Corolla and Vios – produced in China by two joint venture firms between May 2006 and December 2008, a Toyota spokeswoman said. Excessive lubricant used in the electronic controls may interfere with the opening and closing of windows or cause short circuits, she said. No injuries have been reported due to the defect, she said. – AFP

Taiwan jobless rate hits record high TAIPEI: Taiwan’s unemployment rate in July hit a record high of 6.07% largely due to an increase in first-time jobseekers during the

sumer. Now, the risk concern has shifted to the possible exit strategy by central banks worldwide. “It is possible for countries to roll back their stimulus packages once recovery is in swing again, and this can lead to resurgence of inflation,” he said. Gainers led losers 390 to 239 while 224 counters closed unchanged, 384 untraded and none suspended.

graduation season, the government said yesterday. The July figure is up from 5.94% recorded in June, the directorate general of budget, accounting and statistics said. On a seasonally adjusted basis, unemployment in July rose to 6.01%, up from 5.91% from the previous month, the agency said. In July, the number of unemployed people totalled 663,000, up 16,000 from June, including a rise of 14,000 first-time jobseekers, it said. – AFP

Asia gains lift world stocks to 10-month high HONGKONG: Asian stocks jumped more than 2% yesterday, lifting world shares to a 10-month high, after upbeat US housing data and optimistic comments from Federal Reserve Chairman Ben Bernanke spurred buying of riskier assets. European shares were set to push higher at the start, with futures on the Dow Jones Eurostoxx 50 index up 0.8% in early trade. Japan’s Nikkei average jumped 3.3%, Hongkong’s Hang Seng was up 1.9%, while the Shanghai Composite edged up 0.3% in choppy trade. – AFP

EXCHANGE RATES Foreign currency

1 US DOLLAR 1 AUSTRALIAN DOLLAR 1 BRUNEI DOLLAR 1 CANADIAN DOLLAR 1 EURO 1 NEW ZEALAND DOLLAR 1 PAPUA N GUINEA KINA 1 SINGAPORE DOLLAR 1 STERLING POUND 1 SWISS FRANC 100 ARAB EMIRATES DIRHAM 100 BANGLADESH TAKA 100 CHINESE RENMINBI 100 DANISH KRONE 100 HONGKONG DOLLAR 100 INDIAN RUPEE 100 INDONESIAN RUPIAH 100 JAPANESE YEN 100 NEW TAIWAN DOLLAR 100 NORWEGIAN KRONE 100 PAKISTAN RUPEE 100 PHILIPPINE PESO 100 QATAR RIYAL 100 SAUDI RIYAL 100 SOUTH AFRICAN RAND 100 SRI LANKA RUPEE 100 SWEDISH KRONA 100 THAI BAHT

August 24, 2009

Bank sell Bank buy Bank buy

TT/OD 3.5410 3.0110 2.4700 3.2880 5.0950 2.4590 1.4440 2.4695 5.8670 3.3570 98.1200 5.3400 N/A 70.5000 46.5000 7.5700 0.0369 3.7520 N/A 61.1100 4.3600 7.5100 98.7700 95.9000 46.9100 3.1900 52.4600 11.1700

TT 3.4760 2.8790 2.4100 3.2080 4.9710 2.3510 1.1990 2.4100 5.7250 3.2740 92.9300 5.2100 N/A 64.7700 44.0400 6.9600 0.0314 3.6600 N/A 56.1400 4.0900 7.0500 93.9500 91.2200 43.1500 2.9300 47.6000 9.4600

OD 3.4660 2.8630 2.4020 3.1960 4.9510 2.3350 1.1830 2.4020 5.7050 3.2590 92.7300 5.0100 N/A 64.5700 43.8400 6.7600 0.0264 3.6500 N/A 55.9400 3.8900 6.8500 93.7500 91.0200 42.9500 2.7300 47.4000 9.0600

Source: Malayan Banking Berhad/Bernama