8/14/2019 Thesun 2009-08-25 Page17 Market Summary

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business17theSun | TUESDAY AUGUST 25 2009

KLCI 1,174.49 10.70

STI 2,612.33 67.47

Hang Seng 20,627.72 428.70

SCI 2,993.43 32.66

Nikkei 10,581.05 342.85

TSEC 6,838.25 183.45

KOSPI 1,612.22 31.24

S&P/ASX200 4,426.10 135.50

Foreign currency Bank sell Bank buy Bank buy

TT/OD TT OD

1 US DOLLAR 3.5410 3.4760 3.4660

1 AUSTRALIAN DOLLAR 3.0110 2.8790 2.8630

1 BRUNEI DOLLAR 2.4700 2.4100 2.4020

1 CANADIAN DOLLAR 3.2880 3.2080 3.1960

1 EURO 5.0950 4.9710 4.9510

1 NEW ZEALAND DOLLAR 2.4590 2.3510 2.3350

1 PAPUA N GUINEA KINA 1.4440 1.1990 1.1830

1 SINGAPORE DOLLAR 2.4695 2.4100 2.4020

1 STERLING POUND 5.8670 5.7250 5.7050

1 SWISS FRANC 3.3570 3.2740 3.2590

100 ARAB EMIRATES DIRHAM 98.1200 92.9300 92.7300

100 BANGLADESH TAKA 5.3400 5.2100 5.0100

100 CHINESE RENMINBI N/A N/A N/A

100 DANISH KRONE 70.5000 64.7700 64.5700

100 HONGKONG DOLLAR 46.5000 44.0400 43.8400100 INDIAN RUPEE 7.5700 6.9600 6.7600

100 INDONESIAN RUPIAH 0.0369 0.0314 0.0264

100 JAPANESE YEN 3.7520 3.6600 3.6500

100 NEW TAIWAN DOLLAR N/A N/A N/A

100 NORWEGIAN KRONE 61.1100 56.1400 55.9400

100 PAKISTAN RUPEE 4.3600 4.0900 3.8900

100 PHILIPPINE PESO 7.5100 7.0500 6.8500

100 QATAR RIYAL 98.7700 93.9500 93.7500

100 SAUDI RIYAL 95.9000 91.2200 91.0200

100 SOUTH AFRICAN RAND 46.9100 43.1500 42.9500

100 SRI LANKA RUPEE 3.1900 2.9300 2.7300

100 SWEDISH KRONA 52.4600 47.6000 47.4000

100 THAI BAHT 11.1700 9.4600 9.0600Source: Malayan Banking Berhad/Bernama

August 24, 2009EXCHANGE RATES

Britain free of recession:SurveyLONDON: A record recovery in Britains busi-ness confidence signals that the countrysrecession is at an end, an industry body heresaid yesterday.

Optimism among professionals moved to

its highest level for two years in the currentthird quarter, according to research by theInstitute of Chartered Accountants in Englandand Wales (ICAEW).

The confidence measure jumped from mi-nus 28.2 to 4.8, the largest quarterly improve-ment since the survey began in 2003.

The groups third quarter survey suggeststhat the UK recession is at an end, said ICAEWchief executive Michael Izza.

While there is no doubt that the UK econ-omy is on its way to recovery, we shouldntunderestimate the challenges ahead for busi-nesses, he added in a statement.

Officially, Britain remains in recession aftergovernment data showed its economy shrank

marketsummaryAUGUST 24, 2009

SHARE prices on Bursa Malaysiaended the day higher with buy-ing in bluechip counters such asBritish American Tobacco andGenting, dealers said.

At close, the FBM KLCI rose

10.7 points or 0.91% to end at1,174.49.SJ Securities analyst Phua

Kwee Hock said the market isexpected to move upward thisweek and trade around 1,185.

But resistance remainsat 1,196, the level which themarket achieved last Aug 14,he said.

Phua said US Federal Re-serve Chairman Ben Bernankes

statement that the countryseconomy was nearing recoveryhad reassured investors to pushglobal markets up.

At first, the concern of thestock markets was on the con-

sumer. Now, the risk concern hasshifted to the possible exit strat-egy by central banks worldwide.

It is possible for countries toroll back their stimulus packagesonce recovery is in swing again,

and this can lead to resurgenceof inflation, he said.Gainers led losers 390 to

239 while 224 counters closedunchanged, 384 untraded andnone suspended.

CONSTRUCTION 224.79 +2.13CONSUMER 356.26 +2.36FBMACE 4,182.85 -22.99FBMEMAS 7,932.22 +69.77FBM-KLCI 1,174.49 +10.70FBMSHA 8,186.33 +47.79FINANCE 9,485.10 +68.81INDUSTRIAL PROD 89.69 -0.08INDUSTRIAL 2,590.62 +17.11MINING 344.50 +2.03PLANTATIONS 5,845.81 +19.13

PROPERTIES 779.97 +6.85TECNOLOGY 17.22 +0.55TRADING/SERVICES 155.28 +1.75

694.863mil RM1.11bil

INDICES CHANGE

TURNOVER VALUE

Shares end higher on buying in bluechips

briefs

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

Toyota to conduct biggestrecall yet in ChinaTOKYO: Japans Toyota Motor Co an-nounced yesterday its biggest ever recallin China, affecting about 688,000 vehicles,due to a defect in the electric windowsystem.

The recall covers four sedan models the Camry, Yaris, Corolla and Vios pro-duced in China by two joint venture firms

between May 2006 and December 2008, aToyota spokeswoman said.

Excessive lubricant used in the elec-tronic controls may interfere with theopening and closing of windows or causeshort circuits, she said.

No injuries have been reported due tothe defect, she said. AFP

Taiwan jobless rate hitsrecord highTAIPEI: Taiwans unemployment rate in Julyhit a record high of 6.07% largely due to anincrease in first-time jobseekers during the

graduation season, the government saidyesterday.

The July figure is up from 5.94% recordedin June, the directorate general of budget, ac-counting and statistics said.

On a seasonally adjusted basis, unemploy-ment in July rose to 6.01%, up from 5.91%from the previous month, the agency said.

In July, the number of unemployed peopletotalled 663,000, up 16,000 from June, includ-ing a rise of 14,000 first-time jobseekers, itsaid. AFP

Asia gains lift world stocksto 10-month highHONGKONG: Asian stocks jumped morethan 2% yesterday, lifting world shares toa 10-month high, after upbeat US hous-ing data and optimistic comments fromFederal Reserve Chairman Ben Bernankespurred buying of riskier assets.

European shares were set to pushhigher at the start, with futures on theDow Jones Eurostoxx 50 index up 0.8% inearly trade.

Japans Nikkei average jumped 3.3%,Hongkongs Hang Seng was up 1.9%, whilethe Shanghai Composite edged up 0.3% inchoppy trade. AFP