14 œ theSun | THURSDAY JUNE 11 2009

KLCI 1,082.97 11.18 Nikkei 9,991.49 204.67

business STI 2,391.22 41.35 TSEC 6,462.27 47.88
Hang Seng 18,785.66 727.17 KOSPI 1,414.88 43.04
SCI 2,816.25 28.36 S&P/ASX200 4,024.40 89.50

Shares and oil surge on

LONDON: World stocks rose for a
second day in a row yesterday as
improving economic data in Asia and
a weak dollar pushed oil to a fresh
seven-month high above US$71
(RM247) a barrel, fuelling gains in
resource-related stocks.
Two Chinese newspapers
reported that factory output in
China rose last month at the fastest
pace since September last year. If
recovery hopes, dollar slips

AFPPIX
confirmed by official figures tomor- seven-month high set last week. demand may have bottomed.
row, this would be a major positive The FTSEurofirst 300 index rose Oil has more than doubled from
surprise. In Australia, a key measure 1.6%. European banking stocks the low US$30s hit in December, EXCHANGE RATES JUNE 10, 2009
of consumer confidence posted its got support after the US Treasury although prices are still more
biggest monthly rise in 22 years. said on Tuesday 10 big banks will than 50% below a record high of Foreign currency Bank sell Bank buy Bank buy
Signs that the global economy is repay US$68 billion (RM237 billion) US$147.27 (RM513) hit last July. TT/OD TT OD
gradually emerging from the down- received under the Troubled Asset The dollar fell 0.3% against a
turn are fanning expectations that Relief Programme, or TARP, to the basket of major currencies as doubts 1 US DOLLAR 3.5460 3.4810 3.4710
demand for energy and commodi- government. grew about the timing of a possible 1 AUSTRALIAN DOLLAR 2.8790 2.7540 2.7380
ties will recover, which would help Shares in developing Asia rose move by the Federal Reserve to raise 1 BRUNEI DOLLAR 2.4510 2.3900 2.3820
to boost profits in resource-related more than 3% while emerging stocks interest rates. 1 CANADIAN DOLLAR 3.2230 3.1450 3.1330
stocks. rose 2.3%. The currency surged last week
1 EURO 5.0050 4.8850 4.8650
“For now investors are choosing US crude oil rose as high as after stronger-than-expected US
to believe that their glass is half full, US$71.36, driven by a weaker dollar, jobs data triggered expectations that 1 NEW ZEALAND DOLLAR 2.2540 2.1540 2.1380
not half empty and the recovery an American Petroleum Institute interest rates might rise soon. The 1 PAPUA N GUINEA KINA 1.4310 1.1950 1.1790
in share prices is continuing, said report showing a larger-than-ex- benchmark 10-year US yield spiked 1 SINGAPORE DOLLAR 2.4505 2.3900 2.3820
Jeremy Batstone-Carr, strategist at pected drop in crude oil stocks and to seven-month highs earlier this 1 STERLING POUND 5.8060 5.6660 5.6460
Charles Stanley. MSCI world equity a forecast by the US Energy Informa- week as investors dumped govern-
1 SWISS FRANC 3.3000 3.2190 3.2040
index rose 1.2%, edging closer to a tion Administration that falling oil ment bonds. – Reuters
100 ARAB EMIRATES DIRHAM 98.3400 93.0400 92.8400
A woman
100 BANGLADESH TAKA 5.5200 5.2000 5.0000
passes in 100 CHINESE RENMINBI N/A N/A N/A
front of 100 DANISH KRONE 69.2300 63.6200 63.4200
a share 100 HONGKONG DOLLAR 46.5600 44.1000 43.9000
price board 100 INDIAN RUPEE 7.7800 7.1500 6.9500
in Tokyo 100 INDONESIAN RUPIAH 0.0368 0.0320 0.0270
yesterday.
100 JAPANESE YEN 3.6550 3.5660 3.5560
100 NEW TAIWAN DOLLAR N/A N/A N/A
100 NORWEGIAN KRONE 58.0000 53.2200 53.0200
100 PAKISTAN RUPEE 4.5100 4.1800 3.9800
100 PHILIPPINE PESO 7.6500 7.1700 6.9700
100 QATAR RIYAL 98.9400 94.1200 93.9200
100 SAUDI RIYAL 96.0300 91.3500 91.1500
100 SOUTH AFRICAN RAND 45.3700 41.7400 41.5400
100 SRI LANKA RUPEE 3.1900 2.9300 2.7300
100 SWEDISH KRONA 48.2200 43.8500 43.6500
100 THAI BAHT 11.1500 9.4500 9.0500
Source: Malayan Banking Berhad/Bernama

market summary JUNE 10, 2009

KLCI hits INDICES

FBMEMAS
CHANGE
7,284.84 +83.32
9-month high COMPOSITE 1,082.97 +11.18
INDUSTRIAL 2,360.92 +11.36
SHARE prices on Bursa Ma- CONSUMER PRODUCT 319.09 +1.09
laysia closed higher yesterday INDUSTRIAL PRODUCT 87.43 +0.92
in line with gains in major re- CONSTRUCTION 211.60 +4.85
gional markets like Hongkong TRADING SERVICES 146.37 +1.47
FINANCE 8,478.51 +142.50
and Singapore, dealers said.
PROPERTIES 756.03 +18.76
At 5pm, the benchmark PLANTATIONS 5,487.15 + 26.87
Kuala Lumpur Composite Index MINING 314.10 +10.13
(KLCI) hit a nine-month high of FBMSHA 7,571.17 +78.16
1,082.97, up by 11.18 points or FBM2BRD 4,838.18 + 97.24
1.04%, after opening 0.90 of a TECHNOLOGY 15.51 +0.35
point higher at 1,072.69. TURNOVER VALUE
A dealer said the active
buying on selected stocks was 2.210bil RM1.829bil
due to positive sentiments in
the market while the ample Among the active counters,
liquidity continued to bolster the Compugates closed unchanged
market. at 7.5 sen, Iris Corp rose 1.5 sen
“Investors extended their to 21.5 sen, KNM Group increased
buying on hopes that the global two sen to RM1.05 and Kumpulan
recession is easing,” he said. Hartanah Selangor gained 7.5 sen
“The market is on a gradual to 63.5 sen.
up and investors are slowly re- As for the heavyweights,
stocking stockpiles,” he added. Sime Darby rose five sen to
Gainers outnumbered losers by RM7.05, Maybank increased 20
613 to 144, while 189 counters sen to RM5.65, while Tenaga and
were unchanged, 285 untraded Telekom closed flat at RM7.90 and
and 36 others suspended. RM2.71 respectively. – Bernama

Chrysler, Fiat create new

world auto giant
MILAN: Chrysler and Fiat yesterday
created a new global auto giant after
the US Supreme Court cleared the
way for their alliance in a milestone
for the world auto industry.
“Chrysler Group LLC and
Fiat Group announced today
(Wednesday) they have finalised
their previously announced glo-
bal strategic alliance ... The new
Chrysler will begin operations
immediately,” the two companies
said in a statement.
“This is a very significant day, not
only for Chrysler and its dedicated
employees ... but for the global
automotive industry as a whole,”
Fiat chief Sergio Marchionne,
named head of Chrysler yesterday,
said in the statement.
The move completes a quick
restructuring of the number three
US automaker in a plan orches-
trated and backed financially by
the US and Canadian governments
after the world economic crisis
speeded up a decline in the US
auto industry. – AFP