theSun | WEDNESDAY OCTOBER 28 2009 15

1,260.30  0.38
S 10,212.46 T
150.16
business KLCI
STI 2,694.50 T
22.12
Nikkei
TSEC 7,657.94 T
11.06
Hang Seng 22,259.52 330.21
T KOSPI 1,649.53  7.58
T
SCI 3,021.46 T
88.11 S&P/ASX200 4,753.50 T
76.80

KL market summary

Petrol price may follow

OCTOBER 27, 2009

INDICES CHANGE
FBMEMAS: 8,456.75 +0.96
FBM-KLCI: 1,260.30 +0.38

market rate next year

INDUSTRIAL: 2,683.67 -11.94
CONSUMER PRODUCT: 366.87 +0.71
INDUSTRIAL PRODUCT: 93.57 -0.35
CONSTRUCTION: 236.80 +0.59
TRADING SERVICES: 161.73 -0.09
FINANCE: 10,688.36 -29.43
PROPERTIES: 802.68 -2.58 KUALA LUMPUR: Datuk Seri Ahmad “The (subsidy management) system
Husni Hanadzlah yesterday did not dis- is being developed and it will start with
PLANTATIONS:
MINING:
6,220.19
312.07
+45.34
-2.03 count the possibility that petrol price at petrol. It will be implemented between EXCHANGE RATES October 27, 2009
FBMSHA: 8,509.01 -0.45 the pump could follow the market price the first and second quarter,” he told
FBMACE : 4,434.64 +101.89 or be without subsidy once the subsidy reporters after officiating the National Foreign currency Bank sell Bank buy Bank buy
TECHNOLOGY: 17.11 -0.05 management system is implemented Taxation Seminar 2009 yesterday. TT/OD TT OD
TURNOVER VALUE early next year. The target groups are likely to involve 1 US DOLLAR 3.4330 3.3680 3.3580
The second finance minister said the lower income group or those at a 1 AUSTRALIAN DOLLAR 3.1670 3.0720 3.0560
1.014bil RM1.317bil
with the new structure, the offer of sub- specific salary scale, he said, adding that
1 BRUNEI DOLLAR 2.4610 2.4010 2.3930
sidy will be more targeted to the groups MyKad could also become one of the
CI positive on that qualify to enjoy the subsidised petrol mechanisms for giving out subsidy. 1 CANADIAN DOLLAR
1 EURO
3.2230
5.1060
3.1430
5.0010
3.1310
4.9810
price. While tabling Budget 2010 last Friday,
last-minute buying “The price of petrol might be fixed Prime Minister Datuk Seri Najib Abdul 1 NEW ZEALAND DOLLAR 2.5990 2.4830 2.4670
SHARE prices on Bursa Malaysia turned mixed at the market rate but the targeted indi- Razak said the subsidy management 1 PAPUA N GUINEA KINA 1.4460 1.1880 1.1720
at close yesterday with last-minute buying on viduals will get the subsidy. There will system will be implemented early next 1 SINGAPORE DOLLAR 2.4605 2.4010 2.3930
selected heavyweights like CIMB Group and be no subsidy for petrol price except for year using the MyKad and existing in-
1 STERLING POUND 5.6100 5.4950 5.4750
Tenaga, dealers said. the targeted groups. frastructure. – Bernama
At the end of trading, the FBM KLCI edged 1 SWISS FRANC 3.3780 3.2930 3.2780
up 0.38 of a point to 1,260.30 as investors took 100 ARAB EMIRATES DIRHAM 95.1100 90.0600 89.8600
advantage of the last 10 minutes of trading
buying these key heavyweights.
Honda forecasts threefold hike in annual profit 100 BANGLADESH TAKA 5.1500 4.7040 4.5040
100 HONGKONG DOLLAR 45.0700 42.6800 42.4800
CIMB Group rose 16 sen to RM12.78 while TOKYO: Honda Motor, Japan’s number two expected to slide 15.6% to ¥8.45 trillion
100 INDIAN RUPEE 7.6300 7.0100 6.8100
Tenaga added two sen to RM8.50. automaker, raised its annual profit forecast (RM313 billion). The brighter profit outlook
almost threefold yesterday on the back of came despite a tough second quarter, when 100 INDONESIAN RUPIAH 0.0375 0.0320 0.0270
Earlier, the FBM KLCI opened 2.39 points
lower at 1,260.30 from Monday’s close of cost cuts and government subsidies for Honda’s net earnings plunged 56% year-on- 100 JAPANESE YEN 3.7340 3.6440 3.6340
1,259.92. fuel-efficient cars. year to ¥54 billion (RM2 billion). 100 PAKISTAN RUPEE 4.2300 3.9400 3.7400
Throughout the day, the FBM KLCI moved The company now expects a net profit Quarterly revenue dropped by 27.2% in 100 PHILIPPINE PESO 7.4600 7.0200 6.8200
between 1,246.38 and 1,260.30. of ¥155 billion (RM5.8 billion) for the year the three months to September on the year 100 QATAR RIYAL 95.7200 91.0500 90.8500
Decliners led advancers by 404 to 265 to March 2010, up 13.1% from the previ- to ¥2.06 trillion (RM76.3 billion), hit by weak
100 SAUDI RIYAL 92.9400 88.4100 88.2100
while 228 counters were unchanged and 398 ous year and much better than a previous car sales and a stronger yen. Operating
projection of ¥55 billion (RM2.1 billion). profit plunged 56% to ¥65.5 billion (RM2.43 100 SRI LANKA RUPEE 3.0900 2.8400 2.6400
untraded. – Bernama
Honda said annual revenue was billion). – AFP 100 THAI BAHT 11.0100 9.3300 8.9300
Source: Malayan Banking Berhad/Bernama