14 theSun | TUESDAY JULY 21 2009

KLCI 1,139.25 18.35 Nikkei CLOSED

business STI 2,456.15 25.19 TSEC 6,938.86 87.87
Hang Seng 19,502.37 696.11 KOSPI 1,478.51 38.41
SCI 3,266.92 77.18 S&P/ASX200 4,050.30 49.50

KL market summary
JULY 20, 2009
INDICES CHANGE KL shares continue uptrend
CONSTRUCTION 220.97 +6.11
CONSUMER PROD 329.78 +2.11 SHARE prices on Bursa Malaysia ended dealer said, adding that the CI was expected
FBM2BRD 4,897.73 +55.36 higher yesterday on active buying in selected to continue extending its upward momentum
FBMEMAS 7,677.97 +127.19 bluechips especially finance-related stocks, and likely to hit 1,165-point level.
FBM-KLCI 1,139.25 +18.35 dealers said. Advancers led decliners by 484 to 175
FBMSHA 7,888.37 +143.11
The FBM-KLCI stood 18.35 points higher at while 213 counters were unchanged, 361
FINANCE 9,260.71 +123.92
INDUSTRIAL PROD 87.07 +1.18
1,139.25, a new high for the year. untraded and four others suspended.
INDUSTRIAL 2,449.07 +23.07 “Active buying was seen on bluechips Leading the actives, KNM rose 1.5 sen to
MINING 312.07 +10.13 mostly by local funds while the lower liners 84 sen, Damansara Realty fell five sen to 19.5
PLANTATIONS 5,486.31 +81.91 started to pick up slowly,” a dealer said. sen, Axiata increased 10 sen to RM2.96 and EXCHANGE RATE JULY 20, 2009
PROPERTIES 737.15 +14.44 He said the market was expected to con- Kinsteel gained eight sen to 97.5 sen.
TECNOLOGY 15.61 +0.02 tinue its upward trend this week on improved Among heavyweights, Sime Darby and Foreign currency Bank sell Bank buy Bank buy
TRADING/SERVICES 151.15 +2.25
sentiments. Maybank rose 10 sen each to RM7.55 and TT/OD TT OD
TURNOVER VALUE “There is some healthy rotation going in RM6.20 respectively while Tenaga rose 25 sen 1 US DOLLAR 3.5970 3.5320 3.5220
1.009bil RM1.591bil
the market and also tremendous liquidity to RM8.45 and Telekom increased one sen to 1 AUSTRALIAN DOLLAR 2.9340 2.8070 2.7910
which is providing positive sentiments,” a RM2.98. – Bernama
1 BRUNEI DOLLAR 2.4910 2.4300 2.4220
1 CANADIAN DOLLAR 3.2430 3.1640 3.1520
1 EURO 5.1000 4.9770 4.9570

Asia stocks hit 2009 high 1 NEW ZEALAND DOLLAR

1 PAPUA N GUINEA KINA
1 SINGAPORE DOLLAR
1 STERLING POUND
1 SWISS FRANC
2.3600
1.4930
2.4905
5.9070
3.3550
2.2560
1.2490
2.4300
5.7650
3.2740
2.2400
1.2330
2.4220
5.7450
3.2590

on strong earnings
100 ARAB EMIRATES DIRHAM 99.7400 94.3700 94.1700
100 BANGLADESH TAKA 5.3400 5.2100 5.0100
100 CHINESE RENMINBI N/A N/A N/A
100 DANISH KRONE 70.5400 64.8200 64.6200
We expect 100 HONGKONG DOLLAR 47.2400 44.7500 44.5500
him 100 INDIAN RUPEE 7.6500 7.0300 6.8300
HONGKONG: Asian stocks outside tive impact on price stability and the week in four months on Friday. (Federal 100 INDONESIAN RUPIAH 0.0368 0.0314 0.0264
Japan rose yesterday to their highest US dollar,” said Dariusz Kowalczyk, Of the 11% of S&P 500 firms that Reserve 100 JAPANESE YEN 3.8220 3.7280 3.7180
level since the dark days following chief investment strategist with SJS have reported quarterly results so far, Chairman 100 NEW TAIWAN DOLLAR N/A N/A N/A
Lehman Brothers’ collapse in Sep- Markets in Hongkong. 71% have beat analysts’ expectations, Ben 100 NORWEGIAN KRONE 58.2600 53.5300 53.3300
tember while the US dollar fell, as “We expect consolidation of equity 20% were below estimates and 9% Bernanke) 100 PAKISTAN RUPEE 4.5000 4.1900 3.9900
strong company earnings encouraged markets after last weeks rally, mod- were in line, according to Thomson
investors to move into riskier, higher- est correction in commodities, some Reuters data. to boost 100 PHILIPPINE PESO 7.6700 7.2000 7.0000
yielding assets and commodities. narrowing of corporate CDS spreads, While this positive momentum has market 100 QATAR RIYAL 100.3500 95.4600 95.2600
US equity futures flipped to posi- modest rebound in Treasuries, and a lifted equity markets, large credit-re- confidence 100 SAUDI RIYAL 97.4200 92.6700 92.4700
tive and pointed to a higher open, and small gain in the dollar,” he said in lated losses at Bank of America and an that the 100 SOUTH AFRICAN RAND 46.1600 42.4600 42.2600
crude rose above US$64 (RM227.20) a note. unexpected drop in revenue at General
a barrel as the global recovery trade Japan’s markets were shut for a Electric Co were stark reminders of US central 100 SRI LANKA RUPEE 3.2500 2.9900 2.7900
bank will 100 SWEDISH KRONA 47.8200 43.4800 43.2800
accelerated after sputtering in June. public holiday. corporate America’s struggle.
Sentiment was also helped after The MSCI index of Asia Pacific The US dollar and yen slid in do so in 100 THAI BAHT 11.3300 9.6100 9.2100
Source: Malayan Banking Berhad/Bernama
CIT Group Inc clinched a last-minute stocks outside Japan rose 2% to its choppy trade, as investors leaned a way
US$3 billion (RM10.65 billion) rescue highest level since Sept 29, putting it toward higher-yielding currencies. minimising
by a group of bondholders and likely on track for a fifth consecutive session The Australian dollar rose 0.8% on
negative Thai exports fall 25.9% in June
escaped bankruptcy. CIT lends to of gains. the day to ¥76.30 though it has been
nearly one million small and mid- Gains were spread fairly evenly darting around in ¥70 to ¥80 range impact BANGKOK: Thai exports fell 25.9% year-on-year in June
sized US businesses. across the sectors, with materials, for the last month. on price but after eight consecutive months of falls the sector’s
Aside from more company earn- technology and financials leading. The euro climbed 0.6% to ¥133.97 stability decline has likely bottomed out, the commerce ministry
ings reports, the highlight for global Hongkong’s Hang Seng jumped while the dollar rose 0.3% to ¥94.65. said in a statement yesterday.
markets this week will be Federal 3.7%, supported by bank stocks. Crude oil was relatively steady and the US “Export figures fell because of slow global demand
Reserve Chairman Ben Bernanke’s South Korea’s KOSPI also rose above US$63 a barrel, after rising dollar.” and increasing competition. Customers delayed their
testimony to Congress today and to- 2.67% to a near 10-month high, while 2.5% on Friday on positive US hous- orders and there was more price negotiation,” said Siripol
morrow, especially on any comment Australia’s S&P/ASX 200 index was ing data that revived hopes of a global Yodmuangcharoen, the ministry’s permanent secretary.
he makes with regard to exit strate- up 1.24%, boosted by higher com- economic recovery. However, June showed the highest overall monthly
gies from extraordinary actions taken modity prices. After failing twice in June to make export value this year at US$12.3 billion (RM43.66 billion)
to support the economy. Strong earnings and positive much progress above US$71 a barrel, and expanded 5.8% from May.
“We expect him to boost market economic reports such as a surpris- the front-month contract fell a week Exports to Thailand’s main markets in Southeast Asia,
confidence that the US central bank ing rise in US housing starts in June ago to a two-month low of US$58.32. the European Union, Japan and the United States were
will do so in a way minimising nega- helped US stocks close out their best – Reuters down by an average 32.7%. – AFP

China dismisses sche Zeitung newspaper

briefs
HK financiers
jailed over insider
dealing
HONGKONG: A Hongkong
court yesterday jailed a
former banker at regional
brokerage CLSA and an ex-
fund manager for insider
dealing offences, the lat-
est action under the city’s
crackdown on market
misconduct.
Allen Lam, former in-
vestment banking director
at Hongkong-based CLSA,
was jailed for six months
for tipping off Ryan Fong,
ex-hedge fund manager at
HSZ Ltd on a takeover bid
for Media Partners, an infor-
mation services provider.
Fong was sentenced to
a year in prison and fined
HK$1.37 million (RM639,000)
for purchasing shares in
Media Partners following
Lam’s tip-off, enabling him
to make over HK$4 million
in profit. – AFP
US spy charges as
fabrication
BEIJING: Beijing said yester-
day a Chinese-born former
Boeing engineer convicted
by a US court of spying for
China had been set up, and
insisted it had no links to the
espionage case.
“The allegation that a so-
called Chinese person stole
trade secrets in the US and gave
them to China is purely a fabri-
cation made up out of ulterior
motives,” the foreign ministry
said in a short statement.
The ministry refused fur-
ther comment on the case.
The former Boeing engi-
neer, 73-year-old Dongfan
‘Greg’ Chung, was convicted
by a US court last week of
stealing technology and trade
secrets for China for decades,
including data on NASA’s space
shuttle programme. – AFP
Germany may
force state aid on
banks: Report
FRANKFURT: Germany may
force banks to take state aid
to ward off a credit crunch
later this year, the Suddeut-
said yesterday. In exchange,
the state may take stakes in
the banks, it added.
Until now, Chancellor
Angela Merkel and Finance
Minister Peer Steinbrueck
have refused to force state
aid on banks as was done in
the US and Britain.
But credit conditions for
businesses and households
have continued to deterio-
rate and tougher measures
might be needed to ensure
companies can obtain the
loans they need to help
Germany pull out of its reces-
sion, the report said. – AFP
Philippines
interim budget
deficit up 752%
MANILA: Falling revenues
and higher stimulus spending
caused the Philippines’ budget
deficit to rocket to 153.4 billion
pesos (RM11.36 billion) in the six
months to June, AFP reports.
It was 752.2% higher than
the year-earlier deficit of 18
billion pesos, but within the
government’s deficit ceiling of
155.1 billion pesos for the first
half of the year, the finance de-
partment said in a statement.