Thesun 2009-08-26 Page15 Market Summary

theSun

15

| WEDNESDAY AUGUST 26 2009

KLCI STI Hang Seng SCI

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

CHANGE 224.34 354.99 4,164.12 7,904.47 1,171.09 8,158.90 9,486.35 89.64 2,575.54 344.50 5,836.73 776.31 17.00 154.40

-0.45 -1.27 -18.73 -27.75 -3.40 -27.43 +1.25 -0.05 -15.08 UNCH -9.08 -3.66 -0.22 -0.88

TURNOVER

VALUE

694.863mil

RM1.11bil

briefs Daewoo to invest US$1.7b in gas project SEOUL: South Korea’s Daewoo International said yesterday it would invest some US$1.7 billion (RM5.95 billion) to develop an offshore gasfield in northwestern Myanmar. Daewoo directors approved the investment between October and September 2014 on facilities to produce and transport the gas, the company said in a regulatory filing. The trading firm leads a consortium, including state-run companies from India and South Korea, which plans to develop gasfields off Rakhine state near the border with Bangladesh. Myanmar, which has been ruled by the military since 1962, is under economic sanctions by the United States and Europe because of its hu-

1,171.09 2,618.76 20,435.24 2,915.80

3.40 6.43 100.70 77.63

Nikkei 10,497.36 TSEC 6,809.41 KOSPI 1,601.38 S&P/ASX200 4,405.80

market summary

83.69 28.84 10.84 20.30

AUGUST 25, 2009

Prices end lower on selling of blue chips SHARE prices on Bursa Malaysia ended the day lower with the selling of select heavyweights such as Sime Darby and British American Tobacco, dealers said. However, the losses were capped by gains in other blue-chip stocks like Bumiputra-Commerce and Tenaga Nasional, they said. At close, the FBM KLCI fell 3.4 points or 0.28% to end at 1,171.09, after opening unchanged at 1,174.49 in the morning.

man rights record and long-running detention of democracy leader Aung San Suu Kyi. – AFP

Cash-strapped Britons flock to bargain stores LONDON: “The one-pound price, you can’t find it” anywhere else, said Mehmad as he filled a basket with goods taken from the packed shelves of a discount store in Dalston, northeast London. With Britain mired in recession, shops offering all their goods for £1 (RM5.80) or less are springing up across the country almost on a daily basis. “A lot of people are pressed for money and they want bargains and are not too concerned about what the stores look like,” said retail analyst Nick Bubb at Pali financial group, on the rise of cheaply fitted-out “pound” shops. Mehmad, 86, said a trip to the shop -- which is based in Dalston’s main thoroughfare – has become a daily ritual. Dalston’s main shopping area,

OSK’s head of research Chris Eng said the market is expected to remain rangebound for the next few months within the range of 1,180 to 1,200 points. “We don’t think the market will drop much. Although the market is slightly overvalued, most investors are not willing to sell their stocks and they are also not into buying at the moment either,” he said. Eng said investors may actually be looking at small caps in seg-

home to a busy street market and established retail outlets, has four “pound” shops, including Poundland – which is the biggest retail chain of its sort in Britain with more than 200 stores. But Poundland faces competition from 99p Stores, which last week opened four new shops, bringing its total to 100 -- almost double the number it had at the end of last year. – AFP

Obama to reappoint Bernanke OAK BLUFFS (Massachusetts): US President Barack Obama will announce Tuesday (today in Malaysia) he is awarding Ben Bernanke a second term as Federal Reserve chairman, following their months of joint combat against the financial crisis. A White House official said on condition of anonymity that Obama would break his vacation on wellheeled Martha’s Vineyard off the US east coast to re-appoint Bernanke to a second four-year term beginning

ments like oil and gas, and rubber rather than trade the big caps. “In general, the local market will still depend on the US and China markets. China may continue to be rangebound while the US may see some upward movement although limited,” he said. Turnover increased to 709.248 million shares worth RM985.757 million from yesterday’s 694.863 million shares worth RM1.11 billion. – Bernama

in January. Obama will deliver the statement, with Bernanke by his side, in the resort town of Oak Bluffs at 9am (2am in Malaysia) before US markets open, the official said. – AFP

Fight with Microsoft to continue: Yahoo! SUNNYVALE (California): Yahoo! has vowed to fight Microsoft on a new frontier, saying that having the software giant power its online searches won’t stop it from battling for the devotion of Web surfers. Yahoo! executives declared that the pioneering Internet search firm’s campaign to wrest market share from Microsoft and Google isn’t ending, it is only shifting fronts. Yahoo!’s deal with Microsoft, if cleared by regulators, will result in the California firm using Microsoft’s freshly launched Bing search engine to mine the Internet for results to queries at Yahoo! pages. – 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 DANISH KRONE 100 HONGKONG DOLLAR 100 INDIAN RUPEE 100 INDONESIAN RUPIAH 100 JAPANESE YEN 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 25, 2009

Bank sell Bank buy Bank buy

TT/OD 3.5480 3.0120 2.4650 3.3050 5.0870 2.4650 1.4400 2.4645 5.8400 3.3520 98.3200 5.3400 70.4000 46.6000 7.5700 0.0370 3.7690 61.1200 4.4000 7.4800 98.9700 96.0900 47.0300 3.2100 52.2000 11.1900

TT 3.4830 2.8800 2.4050 3.2240 4.9630 2.3550 1.2000 2.4050 5.6980 3.2680 93.1200 5.2100 64.6600 44.1300 6.9600 0.0314 3.6780 56.0500 4.1100 7.0400 94.1400 91.4000 43.0500 2.9500 47.4700 9.4800

OD 3.4730 2.8640 2.3970 3.2120 4.9430 2.3390 1.1840 2.3970 5.6780 3.2530 92.9200 5.0100 64.4600 43.9300 6.7600 0.0264 3.6680 55.8500 3.9100 6.8400 93.9400 91.2000 42.8500 2.7500 47.2700 9.0800

Source: Malayan Banking Berhad/Bernama