theSun | FRIDAY OCTOBER 23 2009 15

business KLCI
STI
1,260.02
2,681.97
0.04
10.58
Nikkei
TSEC
10,267.17
7,607.93
66.22
93.57
Hang Seng 22,210.52 107.59 KOSPI 1,630.33 23.53
KLCI Points
SCI 3,051.41 19.18 S&P/ASX200 4,812.80 25.80

market summary
INDICES
FBMEMAS
OCTOBER 22, 2009

CHANGE
8,478.71 +7.07
Australia set for
decades-long mining boom
FBM-KLCI 1,260.02 -0.04
INDUSTRIAL 2,675.32 +5.70
CONSUMER PROD 367.26 -0.55
INDUSTRIAL PROD 94.80 +0.86
CONSTRUCTION 235.92 +1.03
TRADING SERVICES 162.05 -0.13
FINANCE 10,737.04 +25.02 SYDNEY: Australia could be India, until the global financial on the previous year.
PROPERTIES 821.51 -1.36 set for a decades-long com- crisis. Iron ore comprised more EXCHANGE RATES
PLANTATIONS 6,179.05 -1.95 October 22, 2009
modities boom fuelled by But the world’s biggest than half of Australia’s A$32.48
MINING 316.12 -2.03 rocketing demand from China miner BHP Billiton in Septem- billion (RM100.69 billion) in
FBMSHA 8,530.82 +4.10 Foreign currency Bank sell Bank buy Bank buy
and India, a senior official said ber said it expected growth in exports to China, doubling to
FBMACE 4,358.99 +10.71 in the country’s latest upbeat China to fuel a new boom over A$18 (RM55.8 billion) over the TT/OD TT OD
TECHNOLOGY 17.15 -0.03 1 US DOLLAR 3.4080 3.3430 3.3330
economic assessment. coming decades, with global year.
TURNOVER VALUE Treasury secretary Ken steel demand to double in 15 Australia’s government 1 AUSTRALIAN DOLLAR 3.1820 3.0850 3.0690
761,112mil RM1.162bil Henry also said a return to full years. and central bank have cited 1 BRUNEI DOLLAR 2.4570 2.3960 2.3880
employment was a “conceiv- Both India and China would trade links with China as a
1 CANADIAN DOLLAR 3.2760 3.1950 3.1830
able possibility” in the coming drive a 40% surge in demand main reason for its success in
Prices close mixed years, with major export
partners showing unexpected
for energy, with the two nations
expected to account for over
weathering the global financial
storm as the fastest-growing
1 EURO
1 NEW ZEALAND DOLLAR
5.1210
2.6190
5.0160
2.5020
4.9960
2.4860
SHARE prices on Bursa Malaysia resilience despite the global half the world’s incremental economy in the developed 1 PAPUA N GUINEA KINA 1.4200 1.1800 1.1640
closed mixed yestrday with most downturn. electricity demand, BHP said. world. 1 SINGAPORE DOLLAR 2.4565 2.3960 2.3880
investors sidelining ahead of the “It now appears the impact The two countries this year Australia is the only major
of the global financial crisis signed liquefied natural gas Western nation to avoid a 1 STERLING POUND 5.6670 5.5500 5.5300
Budget 2010 announcement today,
on the Chinese economy and (LNG) supply contracts worth recession in the worldwide 1 SWISS FRANC 3.3980 3.3130 3.2980
dealers said.
The FBM KLCI ended the day at the Indian economy hasn’t tens of billions of dollars from slump and posted growth of 100 ARAB EMIRATES DIRHAM 94.6300 89.5100 89.3100
1,260.02, down 0.04 points. been nearly as large as many Australia’s massive Gorgon 0.6% in the three months to 100 BANGLADESH TAKA 5.1500 4.6620 4.4620
Jupiter Securities’ head of research, feared,” Henry told a Senate gas field. June – the best in the devel- 100 CHINESE RENMINBI N/A N/A N/A
hearing late Wednesday. Prime Minister Kevin oped world.
Pong Teng Siew, said investors were 100 HONGKONG DOLLAR 44.7400 42.3700 42.1700
“It seems that’s likely to Rudd said the Gorgon project, This month it became the
adopting a wait-and-see attitude support relatively high com- 100 INDIAN RUPEE 7.6200 7.0000 6.8000
Australia’s largest-ever re- first advanced economy to raise
ahead of the Budget. modity prices, that is prices for sources development and the interest rates since the credit 100 INDONESIAN RUPIAH 0.0375 0.0330 0.0280
The downtrend was also attributed Australian export commodi- world’s largest LNG plant, was meltdown and promised more
to the Wall Street’s overnight losses 100 JAPANESE YEN 3.7580 3.6660 3.6560
ties, for a considerable period expected to generate A$300 bil- rises to come, boldly declaring
which set the negative tone for Asian of time, quite possibly for some lion (RM930 billion) in export the risk of recession over. 100 PAKISTAN RUPEE 4.2000 3.9300 3.7300
markets with the entire indices in the decades.” earnings. China yesterday posted 100 PHILIPPINE PESO 7.4800 7.0100 6.8100
region closing in the red, he said. Australia enjoyed a decade China was Australia’s 8.9% growth for the third 100 QATAR RIYAL 95.0400 90.4000 90.2000
He said profit taking meanwhile of stellar economic growth, number two trading partner quarter, its fastest pace in a 100 SAUDI RIYAL 92.2600 87.7600 87.5600
capped upside potential despite active underpinned by intense in 2008, recording two-way year and keeping it on course 100 SRI LANKA RUPEE 3.0600 2.8200 2.6200
buying interest in the late afternoon. demand for resources from trade worth A$73.93 billion to meet government targets of
– Bernama fast-industrialising China and (RM229.18 billion), up 13.3% 8% growth for 2009. – AFP 100 THAI BAHT 10.9400 9.2700 8.8700
Source: Malayan Banking Berhad/ Bernama