theSun | THURSDAY AUGUST 13 2009 17

business KLCI
STI
1,180.54
2,571.31
5.74
25.99
Nikkei
TSEC
10,435
6,898.90
150.46
10.12
Hang Seng 20,435.24 638.97 KOSPI 1,565.35 13.86
SCI 3,112.72 152.01 S&P/ASX200 4,343.1 11.1

KL market summary

Shares ease on technical correction

AUGUST 12, 2009 TRADING on Bursa Malaysia closed lower anywhere between 1,100 and 1,160, while
yesterday on technical correction after rally- support level is expected to hold at 1,160 and
INDICES CHANGE ing for three weeks, dealers said. resistance at 1,200,” it said in its research
FBMEMAS 7,996.20 -52.28 An analyst said the market was weighed note. SJ Securities analyst, Phua Kwee Hock,
FBM-KLCI 1,180.54 -5.74 down by heavyweights like DiGi, BAT and said the local and regional bourses were cau-
INDUSTRIAL 2,596.23 -8.26 Maybank due to continuous sell-off that tious ahead of the US Federal Open Market
CONSUMER PROD 355.25 -1.45 dragged it into negative territory. Committee meeting later in the day.
INDUSTRIAL PROD 92.04 -0.92
CONSTRUCTION 227.50 -2.07
He said the decline was also in line with Phua said the meeting would discuss,
TRADING SERVICES 155.65 -1.13 the softer regional markets following the among others, the US inflation outlook and British unemployment rate hits
FINANCE 9,634.56 -99.98 overnight slump on Wall Street. interest rate as well as any hints of the coun- 7.8%, highest since 1996
PROPERTIES 787.26 -8.89 “Financial stocks are under pressure today try’s economic recovery.
PLANTATION 5,828.50 +34.74 (yesterday) as investors turn defensive and up Of the active stocks, KNM Group lost 4.5 LONDON: Britain’s unemployment rate soared to 7.8% in
MINING 346.52 -4.05 their purchase on consumer stocks,” he said, sen to 79.5 sen, while Scomi andMRCH rose the three months to June, hitting the highest level since
FBMSHA 8,251.69 -35.12
adding that local investors continued to stay one sen each to 70.5 sen and RM1.44 respec- November 1996, official data showed yesterday.
FBMACE 4,163.12 -65.26 “The unemployment rate was 7.8% in the three months
TECHNOLOGY 16.80 -0.08 on the sidelines to await positive news. tively. Among heavyweights, Sime Darby fell
Meanwhile, MIMB Investment Bank said one sen to RM8.30, Maybank declined 22 sen to June 2009, up 0.7% from the previous three months and
TURNOVER VALUE the market was undergoing correction due to to RM6.55, Bumiputra-Commerce gained 10 up 2.4% on the year,” the Office for National Statistics said
the short-term overbought position. sen to RM10.80 and Tenaga lost one sen to in a statement. “The unemployment level was 2.43 million,
1.740bil RM1.115bil
“Any correction can bring FBM KLCI to RM8.15. – Bernama up 220,000 on the previous three months and up 750,000
on the year.” – AFP

Rio employees
formally arrested
BEIJING: China said yesterday it
had formally arrested four Rio Tinto
employees over accusations of in-
dustrial espionage and bribery while
stressing the case was unlikely to
harm investor confidence.
China’s Supreme People’s
Procuratorate said the four had
obtained trade secrets about Chi-
na’s steel and iron industry through
“improper means,” Xinhua news
agency reported.
The four – Australian Stern Hu
and his Chinese colleagues Liu
Caikui, Ge Minqiang and Wang
Yong – are already in detention and
it was not immediately clear from
the Xinhua report whether they had
now been formally charged.
But in an apparent attempt to
head off concern among foreign
investors, the Chinese government
said it did not believe the Rio Tinto
case would impact its status as a
destination for foreign direct invest-
ment, or FDI.
“It will not impair China’s efforts
in terms of attracting FDI. On the
contrary, we believe it will benefit
China’s (efforts to get) FDI,” Vice
Commerce Minister Fu Ziying said.
Fu added that he did not believe
the case would damage bilateral
relations with Australia.
An official with China’s national
security bureau said the bureau was
not in charge of the case anymore.
“It is no longer under the ju-
risdiction of the national security
bureau. It has been passed to the
procuratorate,” the official with the
bureau’s Shanghai branch said.
Meanwhile, Rio Tinto yesterday
said China’s move to “downgrade”
the case against a detained ex-
ecutive by formally arresting him on
lesser charges showed there was
no evidence against him.
Rio questioned the strength of
the case against Hu after China’s
national security bureau handed
it to prosecutors and state media
reported he would be charged with
industrial espionage, rather than
spying.
“The charges have been down-
graded and I think that reflects what
we’ve been saying all along – that
we don’t, in fact, believe there’s
any evidence of wrongdoing,” Rio’s
chief executive of iron ore, Sam
Walsh, said. – AFP

EXCHANGE RATES August 12, 2009

Foreign currency Bank sell Bank buy Bank buy

TT/OD TT OD
1 US DOLLAR 3.5530 3.4880 3.4780
1 AUSTRALIAN DOLLAR 2.9880 2.8580 2.8420
1 BRUNEI DOLLAR 2.4630 2.4020 2.3940
1 CANADIAN DOLLAR 3.2410 3.1620 3.1500
1 EURO 5.0470 4.9250 4.9050
1 NEW ZEALAND DOLLAR 2.4050 2.2990 2.2830
1 PAPUA N GUINEA KINA 1.4580 1.2220 1.2060
1 SINGAPORE DOLLAR 2.4625 2.4020 2.3940
1 STERLING POUND 5.8820 5.7390 5.7190
1 SWISS FRANC 3.2970 3.2170 3.2020
100 ARAB EMIRATES DIRHAM 98.4600 93.2500 93.0500
100 BANGLADESH TAKA 5.3400 5.2100 5.0100 Public Bank
100 CHINESE RENMINBI N/A N/A N/A
100 DANISH KRONE 69.8000 64.1400 63.9400
to issue MU
100 HONGKONG DOLLAR 46.6600 44.1900 43.9900
MasterCard
100 INDIAN RUPEE 7.7100 7.0800 6.8800 pg 18
100 INDONESIAN RUPIAH 0.0373 0.0314 0.0264
100 JAPANESE YEN 3.6980 3.6080 3.5980
100 NEW TAIWAN DOLLAR N/A N/A N/A
100 NORWEGIAN KRONE 59.0000 54.1400 53.9400
100 PAKISTAN RUPEE 4.4000 4.1000 3.9000
100 PHILIPPINE PESO 7.5900 7.1300 6.9300
100 QATAR RIYAL 99.0900 94.2600 94.0600
100 SAUDI RIYAL 96.2200 91.5300 91.3300
100 SOUTH AFRICAN RAND 45.6200 41.7600 41.5600
100 SRI LANKA RUPEE 3.2200 2.9500 2.7500
100 SWEDISH KRONA 50.4500 45.8800 45.6800
100 THAI BAHT 11.2000 9.4900 9.0900
Source: Malayan Banking Berhad/Bernama