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1,045.97 T
13.53 9,826.27 S
40.01
business KLCI
STI 2,266.92 6.26
T
Nikkei
TSEC 6,341.21 110.06
S
Hang Seng 18,059.55 138.62
S KOSPI 1,399.71 S
16.37
SCI 2,896.30 S
15.81 S&P/ASX200 3,918.20 S
18.60
KL market summary
JUNE 22, 2009
INDICES
FBMEMAS 6,995.27
CHANGE
-103.26
Prices close lower on flu concern
COMPOSITE 1,045.97 -13.53 SHARE prices on Bursa Malaysia closed 32.62 points to 2,321.43 and Finance Index
INDUSTRIAL 2,321.43 -32.62 lower yesterday as market sentiment turned dropped 128.26 points to 8,365.44.
CONSUMER PROD 314.70 -3.62 fragile with concern over rising Influenza A Losers outnumbered gainers 602 to 116
INDUSTRIAL PROD 83.00 -1.75 (H1N1) cases in Malaysia, dealers said. while 146 counters were unchanged, 363
CONSTRUCTION 197.61 -2.75 Despite the gains in regional Asian markets, untraded and 39 suspended.
TRADING SERVICES 137.94 -2.35
FINANCE 8,365.44 -128.26
the local bourse lost its momentum after its Of the heavyweights, Sime Darby declined
PROPERTIES 684.80 -22.66 previous gains were dragged down by selling 15 sen to RM6.85, Maybank lost 10 sen to
PLANTATIONS 5,316.60 -12.03 pressure on heavyweights, they said. RM5.60, Bumiputra-Commerce dropped
MINING 263.44 -12.16 According to dealers, sentiment is likely 20 sen to RM9.05 and Tenaga Nasional fell EXCHANGE RATES June 22, 2009
FBMSHA 7,219.45 -106.20 to remain cautious for the time being while 20 sen to RM7.35. Among the actives, KNM
FBM2BRD 4,702.64 -111.51 the upcoming Invest Malaysia 2009 confer- Group was 0.055 sen lower at 81 sen, UEM
TECHNOLOGY 14.18 -0.04 Foreign currency Bank sell Bank buy Bank buy
ence at the end of this month may provide a Land Holdings lost 13 sen to RM1.38, Com-
TT/OD TT OD
TURNOVER VALUE catalyst to boost sentiment. pugates Holdings dropped half sen to seven
The Plantation Index went down 12.03 sen and Tebrau Teguh declined 7.5 sen to 70.5 1 US DOLLAR 3.5720 3.5070 3.4970
1.238bil RM1.305bil
points to 5,316.6, the Industrial Index fell sen. – Bernama 1 AUSTRALIAN DOLLAR 2.8990 2.7730 2.7570
1 BRUNEI DOLLAR 2.4590 2.3990 2.3910
1 CANADIAN DOLLAR 3.1530 3.0760 3.0640
1 EURO 4.9850 4.8650 4.8450
Global economy still needs stimulus spending ary to falsifying accounts in India’s biggest accounting
fraud. – AFP
SEOUL: Governments should have a recovery and on the real by the International Monetary “If the bonds increase in quan-
stick to spending programmes side you also show improvement, Fund, which said last week that tity, certainly there will be pressure
worth hundreds of billions of dol- then we will be confident that the decline in global output has on the price and interest rates are
lars to re-ignite growth because we are going to have a sustained moderated and that it may raise likely to increase,” he said.
their economies are still weak in recovery,” Lin told Reuters on its 2010 growth forecast for the “That will increase the cost
spite of signs that the worst of the the sidelines of an international world economy. of capital, increase the cost of
crisis may be past, a World Bank conference. The World Bank expects the US management. That why we say
official said. “It is very important to let the and Japan to contract by 3% and there’s some uncertainty.”
World Bank Chief Economist stimulus continue until the capac- 6.8% this year, respectively, worse He said some of the emerging
Justin Lin said in an interview ity utilisation returns to a normal than the 2.4% and 5.3% declines markets in Europe and Central
he was concerned about rising level. Otherwise, there is always predicted three months ago. Asian could face financial crises
borrowing costs due to growing a danger that unemployment will The World Bank recently cut its should the global recovery be
sovereign debt offerings and a rise and growth slow down.” forecast for the world economy to delayed and financing troubles
weak external financing condi- Because global growth will a contraction of 2.9% from 1.7% worsen.
tions for the emerging economies only return to its full potential by but has not released individual “There certainly is a concern
of Europe and Central Asia. 2011, the gap between actual and country forecasts. that they may have a second round
The bank warned in a report potential output, unemployment, Lin said the soaring amount of crisis because of the financing
yesterday that prospects for the and disinflationary pressures of sovereign debt offerings in the gap and also if the global economy
world economy were “unusually continue to build, said the World United States and elsewhere to doesn’t recover, and their exports
uncertain” and cut its growth fore- Bank in its report. fund stimulus packages would and remittances can’t recover. He
casts for most countries. The report compares with inevitably raise borrowing costs identify any countries that may
“If on the financial side you a more upbeat assessment and could hamper a recovery. face such a scenario. – Reuters