16 theSun | THURSDAY JULY 23 2009

business KLCI
STI
1,148.70
2,450.83
14.00
3.50
Nikkei
TSEC
9,723.16
6,985.32
71.14
31.98
Hang Seng 19,248.17 253.56 KOSPI 1,494.04 5.05
SCI 3,296.61 83.41 S&P/ASX200 4,068.50 17.80

KL market summary
JULY 22, 2009
KL shares higher on Wall Street
INDICES CHANGE
CONSTRUCTION: 218.87 (- 1.79) SHARES prices on Bursa Malaysia ended 9,333.88, the Plantation Index advanced
CONSUMER: 332.34 (+ 0.95) higher yesterday, led by gains on Wall Street 84.77 points to 5,602.0 and the Industrial
FBM2BRD: 4,901.82 (+ 27.60) overnight. Index was 29.49 points higher at 2,483.53.
FBMEMAS: 7,706.40 (+ 62.97) Dealers said investors’ focus was on Advancers led decliners by 327 to 290
FBM-KLCI: 1,148.70 (+ 14.00) plantation related stocks. while 258 counters were unchanged, 355
FBMSHA: 7,916.70 (+ 56.97) The benchmark index had soared to an untraded and 33 others suspended.
FINANCE: 9,333.88 (+ 77.08)
INDUSTRIAL PRODUCT: 86.90 (+ 0.13)
intra-day high of 1,160.61, boosted by active Leading the actives, KNM closed un-
INDUSTRIAL: 2,483.53 (+ 29.49) buying momentum in bluechip counters. changed at 83 sen while Gula Perak, PB-
MINING: 308.02 (+ 6.08) A dealer said the FBM KLCI was expected BANK-CH and PJI Holdings increased half a
PLANTATIONS: 5,602.00 (+ 84.77) to touch the 1,165-point level this week on sen each to 6.5 sen, four sen and eight sen EXCHANGE RATES July 22, 2009
PROPERTIES: 725.73 (- 6.03) expectations that global markets would respectively.
TECNOLOGY: 15.38 (- 0.06) bottom out. Among heavyweights, Sime Darby rose 1 US DOLLAR 3.5810 3.5160 3.5060
TRADING SERVICES: 151.40 (+ 1.71) “The bullish market trend is expected to 25 sen to RM7.80 and Telekom fell one 1 AUSTRALIAN DOLLAR 2.9550 2.8260 2.8100
TURNOVER VALUE
continue given the improved sentiment,” sen to RM2.97 while Maybank and Tenaga 1 BRUNEI DOLLAR 2.4880 2.4280 2.4200
he added. closed unchanged at RM6.40 and RM8.40
1.111bil RM1.842bil The Finance Index rose 77.08 points to respectively. – Bernama 1 CANADIAN DOLLAR 3.2460 3.1660 3.1540
1 EURO 5.0960 4.9730 4.9530
1 NEW ZEALAND DOLLAR 2.3790 2.2750 2.2590
1 PAPUA N GUINEA KINA 1.4990 1.2400 1.2240
1 SINGAPORE DOLLAR 2.4875 2.4280 2.4200

China says it has evidence 1 STERLING POUND

1 SWISS FRANC
100 ARAB EMIRATES DIRHAM
100 BANGLADESH TAKA
100 CHINESE RENMINBI
5.8930
3.3600
99.2300
5.3400
N/A
5.7510
3.2790
93.9900
5.2100
N/A
5.7310
3.2640
93.7900
5.0100
N/A

Rio staff stole state secrets

100 DANISH KRONE 70.4600 64.7500 64.5500
100 HONGKONG DOLLAR 47.0300 44.5500 44.3500
100 INDIAN RUPEE 7.6700 7.0500 6.8500
100 INDONESIAN RUPIAH 0.0372 0.0314 0.0264
100 JAPANESE YEN 3.8440 3.7500 3.7400
100 NEW TAIWAN DOLLAR N/A N/A N/A
BEIJING: China has told the Aus- judicial process and I requested the Australian Prime Minister Kevin 100 NORWEGIAN KRONE 58.7200 53.9600 53.7600
tralian government it has “sufficient Australian side to respect China’s Rudd has warned China that it had 100 PAKISTAN RUPEE 4.4800 4.1700 3.9700
evidence” that detained Rio Tinto judicial sovereignty,” he said. “significant” business interests on the
100 PHILIPPINE PESO 7.6300 7.1600 6.9600
executives stole state secrets, a senior Chinese authorities arrested Stern line in Hu’s case and that foreign gov-
Chinese official said yesterday. Hu, the Australian head of the miner’s ernments and international companies 100 QATAR RIYAL 99.8900 9 5.0200 94.8200
Vice-foreign minister He Yafei said Shanghai office, and three local staff were watching developments closely. 100 SAUDI RIYAL 96.9800 92.2500 92.0500
he briefed his Australian counterpart earlier this month accusing them of He is so far the highest-level 100 SOUTH AFRICAN RAND 47.2300 43.4500 43.2500
Stephen Smith of the developments on bribery and other illegal means to Chinese official to comment on the 100 SRI LANKA RUPEE 3.2400 2.9700 2.7700
the sidelines of the Non-Aligned sum- gather state secrets. Rio Tinto case. 100 SWEDISH KRONA 48.6800 44.2500 44.0500
mit in Egypt last week. However, Rio Tinto said in a state- His remarks came after Smith told
100 THAI BAHT 11.3000 9.5800 9.1800
“I stressed that we have sufficient ment last week that media reports its Australian media over the weekend
Source: Malayan Banking Bhd/Bernama
evidence showing that the individuals employees had bribed steel mill of- that China was handling the investi-
involved obtained state secrets using ficials during tough iron ore contract gation as a criminal case with a focus
illegal means,” He told reporters. negotiations were “wholly without on commercial and economic matters
“The case has entered into the foundation”. rather than espionage. – AFP Australian inflation lowest in decade
MELBOURNE: Australia posted a modest inflation rise in
the June quarter for an annual rate of 1.5%, the lowest in
10 years, boosting the prospect of higher interest rates,
economists said yesterday.

Naza Group and Tutti Frutti

The quarterly rise of 0.5% points was in line with
market expectations and puts the annual rate below the
Reserve Bank of Australia’s 2 to 3% target range.
Analysts said inflation had increased from just 0.1%

join hands
ANWAR FAIZ/THESUN

in the March quarter, possibly reflecting a pick-up in

economic activity as the downturn eases in Australia.
– AFP
by Hemananthani Sivanandam
[email protected] Oil eases in Asian trade
KUALA LUMPUR: Naza Group signed a SINGAPORE: Oil eased in Asian trade yesterday after
licence agreement with Well Spring Inc, recent gains fuelled largely by an upsurge in global
the brand owner of Tutti Frutti soft frozen stock markets, analysts said.
yogurt yesterday. New York’s main contract, light sweet crude for
Under the licence agreement signed, September delivery, fell 49 cents to US$65.12 (RM234)
the group is now the master licence a barrel. Brent North Sea crude for September deliv-
holder for the frozen delicacy in Malaysia, ery was 46 cents weaker at US$66.41 (RM239).
Singapore, Thailand and India. The US Department of Energy (DoE) was to release
Tutti Frutti, the latest concept in health its weekly oil reserves report later yesterday with
food will be available to Malaysians by (From left) investors having already priced in a likely drop in
September this year. Naza Group crude stocks, analysts said.
The first outlet will be located in a joint group A drop in US crude stocks is seen as an indication
major shopping mall in the Klang Valley executive of demand picking up in the world’s biggest energy
followed by four more outlets by the end chairman user.
of this year. SM Beyond the DoE report, investors were closely
Naza Group director Nur Diana SM Nasarudin watching US Federal Reserve chairman Ben Ber-
Nasimuddin said the chain’s unique soft SM nanke’s ongoing semi-annual economic report to
serve frozen yogurt concept would ap- Nasimuddin, Congress for clues on the state of the US economy.
peal to the masses. Nur Diana, – AFP
“Consumers can choose from more Kim and
than 18 flavours and 32 toppings, dis- Well Spring Taiwan jobless rate record high
pensing it themselves from a machine, ages with licence fees starting from lets on our own in Singapore next year Inc USA vice- TAIPEI: Taiwan’s unemployment rate hit a new record
serve their own toppings and pay for RM40,000, which includes the rights to and we plan to sub-licence about four president high of 5.94% in June, mainly due to a hike in first-time
their personalised serving by weight,” operate Tutti Frutti outlets, equipment, outlets there,” said Zain Sophie job seekers, the government said yesterday.
she said. designing, renovation and training for five He said the projected revenue for the Hahn at The figure is up from 5.82% recorded in May and is
The frozen yogurt snack will be priced years. outlets depends on the type of outlets. the signing higher than the 3.95% a year ago, said the directorate
between RM7 and RM8 for 170gm (six The packages will depend on the on “If it’s a store, we’re looking at a ceremony. general of budget, accounting and statistics.
ounces). the type of concept outlets. There are turnover of RM80,000 a month but if it’s a On a seasonally adjusted basis, June unemployment
“The heavier your snack weighs, the three types of outlets; stores ranging kiosk, then it’s about RM40,000 a month,” rose to 5.91%, up from 5.84% from last month, the agency
more you pay,” said Nur Diana. from 92.9 to 111.5 sq metres with seat- added Zain. said.
The group plans to have 25 more Tutti ing capacity for 30 to 40 people. Tutti Frutti is the newest licence to In June, the number of the jobless reached 647,000,
Frutti outlets operating in Malaysia and The other two are kiosks – 23.8 sq be added to the Naza Group’s food and up 14,000 from a month earlier, including an increase of
other territories by the end of 2010. metres kiosks for concourse areas or beverage portfolio. It currently holds the 12,000 first-time job seekers.
Naza Group has invested about RM3.5 open spaces and 37.2 sq metres kiosks franchise for the US Bubba Gump Shrimp For the first six months, the jobless rate stood at
million for the first five outlets in Malaysia for hypermarket or shopping areas. restaurant franchise in Malaysia. 5.73%, up from 3.87% in the same period last year with
and is looking to sub-licence another 20 Naza Group food and beverage general Tutti Frutti, which originated in Califor- an average 623,000 people out of work, up 205,000 from
outlets. manager Zain Azrai Azhar Simin said the nia, United States, currently has 67 stores last year.
The group has also developed a licence group intends to venture into Singapore operating in the US. Taiwan reported that the economy shrunk by a record
programme to assist entrepreneurs run and Thailand next year, followed by India Well Springs Inc president Jay Kim said 10.24% in the first quarter of the year as exports were
their own Tutti Frutti outlets. in 2011. the company plans to have 110 stores by badly hit by weak demand brought about by the global
There are three sub-licencee pack- “We’re planning to operate two out- the end of this year in the US. crisis. – AFP