theSun | THURSDAY AUGUST 20 2009 17

1,155.53  8.88
T 10,204.00 T
80.96
business KLCI
STI 2,522.78 T
44.94
Nikkei
TSEC 6,788.58  1.19
T
Hang Seng 19,954.23 352.04
T KOSPI 1,545.96  4.28
T
SCI 2,785.58 125.30
T S&P/ASX200 4,373.80  7.80
T

KL market summary
AUGUST 19, 2009

INDICES CHANGE
KL shares close lower
SHARE prices on the Bursa Malaysia extended the FBM KLCI was correcting itself as a major
CONSTRUCTION 220.67 -4.59 their downtrend to close lower yesterday as rebound peak was sighted at the 1,196.46
CONSUMER 350.30 -0.51 sentiment was weighed down by continuous point. “The market’s rise since April 2009
FBMACE 4,174.55 -68.79
FBMEMAS 7,807.85 -83.47
selling, dealers said. has been quite relentless and is now ripe for
FBM-KLCI 1,155.53 -8.88 They said the sell-off situation was also correction,” it added.
FBMSHA 8,087.92 -87.40 seen regionally, as doubts mounted on the Volume leader, Newly-listed MSports lost
FINANCE 9,355.84 -92.55 global economic recovery. The FBM KLCI 8.5 sen to 76.5 sen, KNM Group and KTB each
INDUSTRIAL PROD 89.21 -1.30 ended 8.88 points lower at 1,155.53. eased 3.5 sen to 75.5 and 27 sen respectively,
INDUSTRIAL 2,564.47 -5.88 The Wall Street, which has been seeing MRCB slipped seven sen to RM1.28 while
MINING 340.44 unch
a big sell-off past few days, saw a slight MMC Corp went down 11 sen to RN1.28. EXCHANGE RATES August 19, 2009
PLANTATIONS 5,759.78 -99.86
PROPERTIES 769.69 -16.04 rebound on better-than-expected corporate UEM Land declined seven sen to RM1.53,
TECNOLOGY 16.66 +0.02 earnings report. However, the mild uptrend SAAG dropped one sen to 25 sen and Gamuda Foreign currency Bank sell Bank buy Bank buy
TRADING SERVICES 152.59 -1.34 failed to lift up local sentiments. dipped 10 sen to RM3.00. Among heavy- TT/OD TT OD
Throughout the day, all the market indices weights, Sime Darby was four sen lower at 1 US DOLLAR 3.5680 3.5030 3.4930
TURNOVER VALUE were on a downtrend as players continued to RM8.19, Maybank shed three sen to RM6.40,
875.158mil RM1.301bil stay away from the market. and Bumiputra-Commerce lost 16 sen to 1 AUSTRALIAN DOLLAR 2.9950 2.8650 2.8490
Maybank Investment Bank yesterday said RM10.28. – Bernama 1 BRUNEI DOLLAR 2.4720 2.4120 2.4040
1 CANADIAN DOLLAR 3.2500 3.1700 3.1580
1 EURO 5.0660 4.9440 4.9240
1 NEW ZEALAND DOLLAR 2.4440 2.3350 2.3190

Australia inks massive

1 PAPUA N GUINEA KINA 1.4670 1.1970 1.1810
The big 1 SINGAPORE DOLLAR 2.4715 2.4120 2.4040
1 STERLING POUND 5.9290 5.7860 5.7660
kick-off
1 SWISS FRANC 3.3320 3.2500 3.2350
for 100 ARAB EMIRATES DIRHAM 98.8800 93.6500 93.4500
beginners 100 BANGLADESH TAKA 5.3400 5.2100 5.0100
pg 29

energy deal with China

100 DANISH KRONE 70.0800 64.4000 64.2000
100 HONGKONG DOLLAR 46.8500 44.3700 44.1700
100 INDIAN RUPEE 7.6100 6.9800 6.7800
100 INDONESIAN RUPIAH 0.0375 0.0314 0.0264
100 JAPANESE YEN 3.7750 3.6820 3.6720
100 NORWEGIAN KRONE 60.3700 55.4400 55.2400
100 PAKISTAN RUPEE 4.4300 4.1500 3.9500
100 PHILIPPINE PESO 7.5600 7.1100 6.9100
SYDNEY: Australia touted itself as a “global it on its remarkable journey.” successful.”
100 QATAR RIYAL 99.5300 94.6700 94.4700
energy superpower” after shrugging off dip- Finance Minister Lindsay Tanner dis- Wang Yong, a professor in interna-
lomatic tensions with China to sign a record missed recent controversies as mere glitches tional relations at Peking University, 100 SAUDI RIYAL 96.6300 91.9200 91.7200
US$41.3 billion (RM144.55 billion) resources in a trade relationship worth US$58 billion said the timing of the deal showed 100 SOUTH AFRICAN RAND 46.2000 42.2900 42.0900
deal. (RM203 billion) last year. that China was willing to work with 100 SRI LANKA RUPEE 3.2100 2.9500 2.7500
In Australia’s biggest ever trade agree- “Inevitably there will be the tension here Australia to solve disputes. 100 SWEDISH KRONA 51.2400 46.5900 46.3900
ment, PetroChina ordered 2.25 million tonnes and there, that’s unavoidable,” Tanner told “China will deal with disputes 100 THAI BAHT 11.2400 9.5300 9.1300
of liquefied natural gas (LNG) a year over two Sky News yesterday. “But underneath that emerging between the two countries
decades from ExxonMobil’s share of the still- is a developing and very strong commercial in a cooperative way,” he told AFP. Source: Malayan Banking Berhad/Bernama
undeveloped Gorgon plant off the country’s relationship that’s very important for both
west. countries.”
The huge contract comes despite weeks Fast-industrialising China has maintained
of deteriorating ties over China’s detention of a big appetite for Australian resources de-
a Rio Tinto mining executive and Australia’s spite the global downturn, pledging up to
decision to allow a visit by leading dissident US$6 billion (RM21 billion) in financing for
Rebiya Kadeer. Fortescue Metals as it signed an iron ore deal
The signing ceremony was held behind this week.
closed doors in Beijing and announced by China’s Yanzhou Coal has launched a
Australia’s Resources and Energy Minister US$2.8 billion (RM9.8 billion) takeover of Fe-
Martin Ferguson late on Tuesday. lix Resources, while OZ Minerals sold most of
“The ExxonMobil A$50 billion LNG export its assets to Chinese firm Minmetals in June.
contract to China represents the biggest export Chinalco’s US$19.5 billion cash injection
contract in the history of Australia,” he said, was turned down by mining giant Rio Tinto,
according to public broadcaster ABC. weeks before top executive Stern Hu was
“It also potentially underpins the biggest detained in Shanghai for alleged spying, later
single construction project in the history of downgraded to industrial espionage.
Australia, which could see 6,000 workers on Relations soured further over a visit by
the job at the peak construction period.” exiled Uighur leader Kadeer, with Australia
Ferguson said the deal, which follows revealing a “most unhappy” China axed a
ExxonMobil’s US$21 billion (RM73.5 billion) senior minister’s visit in protest.
sale of Gorgon LNG to India’s Petronet last However, Ferguson said the liquefied gas
week, showed Australia had a future as a deal was a “landmark in our relationship
“global energy superpower”. with China”.
“This agreement is testimony to the “We are a country built on foreign invest-
strength of Australia’s continuing trade and ment and we continue to welcome invest-
investment relationship with China,” he was ments that develop our resources for the
quoted as saying. benefit of all Australians,” he said.
“As China continues to develop as a mod- “PetroChina is an increasingly important
ern global industrial and commercial power- partner in the Australian LNG industry and
house, Australia is committed to walking with I hope the relationship will be long and

Multi Sports opens with half

briefs
Qantas announces 88%
drop in net profit
SYDNEY: Australian flag-carrier Qantas yes-
terday posted an 88% drop in its annual net
profit to A$117 million (RM339.3 million) and
said it would slash A$1.5 billion (RM4.35 billion)
in costs.
The carrier blamed the result, which came
in below market expectations, on weaker
domestic and international demand for travel
as the world was hit by the global financial
crisis.
The airline’s profit before tax fell a whopping
87% to A$181 million from A$1.41 billion a year
earlier, but the carrier said it was one of few in
the world to produce a full-year profit. – AFP
sen premium
KUALA LUMPUR: Newly-listed Multi Sports
Holdings Ltd (MSPORTS) opened with a
premium of half a sen to 85.5 sen with 5,000
lots traded yesterday. The offer price was
85 sen.
MSPORTS, one of the five largest shoe
sole manufacturers in Jinjiang city, China, is
the second company from China to make a
debut on Bursa Malaysia.
“The company is delighted with the
share performance on the exchange as it
strongly reflects the support and confidence
we have from the Malaysian public and
institutional investors in our business and
products,” its executive chairman and chief
executive officer Lin Hou Zhi told reporters
after the listing ceremony.
At 5pm, the share shed 8.5 sen to 76.5
sen with 125.75 million shares changing
hands, after hitting its high at 89 sen. It was
also the most active counter. – Bernama