theSun | FRIDAY OCTOBER 16 2009 15

business KLCI
STI
1,246.86
2,712.15
0.02
3.67
Nikkei
TSEC
10,238.65
7,710.40
178.44
14.65
Hang Seng 21,998.08 112.60 KOSPI 1,658.99 9.90
SCI 2,979.79 9.26 S&P/ASX200 4,859.90 28.80

KL market summary
OCTOBER 15, 2009
INDICES
FBMEMAS
FBM-KLCI
INDUSTRIAL
CONSUMER PRODUCT
INDUSTRIAL PRODUCT
8,394.07
1,246.86
2,666.75
370.08
93.49
CHANGE
+0.49
+0.02
-0.37
+1.13
-0.13
OCBC buys ING’s
Asian private bank
CONSTRUCTION 238.14 -0.42
TRADING SERVICES 160.79 -0.27
FINANCE 10,526.13 -2.11
PROPERTIES 815.86 +2.02
PLANTATIONS 6,075.01 +43.68
MINING 316.12 (UNCH)
FBMSHA 8,489.73 +14.89 EXCHANGE RATES October 15, 2009
FBMACE 4,263.72 -5.30
TECHNOLOGY 17.20 -0.05 SINGAPORE: Singa- based ING Asia Private leading private banks, the
pore’s Oversea-Chinese Bank Limited and its af- statement said. Foreign currency Bank sell Bank buy Bank buy
TURNOVER VALUE Banking Corp (OCBC) filiated entities across the OCBC said Asia is the TT/OD TT OD
1.365bil RM1.472bil yesterday announced the region. OCBC, one of three fastest growing private 1 US DOLLAR 3.3900 3.3250 3.3150
purchase of Dutch lender homegrown Singapore banking market in the 1 AUSTRALIAN DOLLAR 3.1320 3.0370 3.0210
ING’s Asian private bank- banks, said its acquisition world, with assets under
1 BRUNEI DOLLAR 2.4490 2.3850 2.3770
Share prices close ing business for US$1.46
billion (RM5 billion).
“marks a transformational
step” in its private banking
management in the region
projected to grow 12.8% a 1 CANADIAN DOLLAR 3.3260 3.2440 3.2320

mixed, CI up “OCBC Bank an-

nounced Thursday that it
business, which involves
managing the assets of the
year between 2008 and
2013, higher than the
1 EURO
1 NEW ZEALAND DOLLAR
5.0680
2.5570
4.9650
2.4440
4.9450
2.4280
SHARE prices on Bursa Malaysia closed mixed reached agreement with region’s growing ranks of global growth of 8.1%. 1 PAPUA N GUINEA KINA 1.4240 1.1730 1.1570
yesterday as investors took profit after early ING Bank N.V. to acquire millionaires. In Singapore, assets 1 SINGAPORE DOLLAR 2.4485 2.3850 2.3770
gains. its Asian private banking It will also “more than under management have
1 STERLING POUND 5.4350 5.3230 5.3030
The market opened on a stronger footing business ... for US$1.463 triple the bank’s private risen from US$50 billion
as sentiment was boosted by the strong rally billion in cash,” the bank client assets under man- (RM175 billion) in 2000 1 SWISS FRANC 3.3540 3.2710 3.2560
on Wall Street overnight which lifted the Dow said in a statement. agement to US$23 billion to US$300 billion (RM1.05 100 ARAB EMIRATES DIRHAM 93.9100 88.9200 88.7200
Jones Industrial Average off the crucial 10,000 It said ING’s assets (RM80.5 billion)” and billion) in 2009, the bank 100 BANGLADESH TAKA 5.2000 4.6610 4.4610
level for the first time in more than a year on comprised Singapore- make it one of Asia’s said. – AFP 100 CHINESE RENMINBI N/A N/A N/A
the back of upbeat earnings news. 100 DANISH KRONE 70.2600 64.5200 64.3200
Follow-through buying in heavyweights
pushed the benchmark FTSE Bursa Malaysia
Kuala Lumpur Composite Index to hit an intra-
US complaints ‘groundless’: China 100 HONGKONG DOLLAR
100 INDIAN RUPEE
44.5100
7.6300
42.1400
7.0100
41.9400
6.8100
day high of 1,256.59. BEIJING: Beijing yesterday accused Washing- 16 by Washington alone, Yao said. 100 INDONESIAN RUPIAH 0.0375 0.0330 0.0280
“The market sentiment is still firm under- ton of launching baseless actions targeting The total value of the cases was US$10.2 100 JAPANESE YEN 3.7970 3.7030 3.6930
pinned by bullish overseas markets. Mild profit Chinese imports, as trade tensions simmer billion (RM35.7 billion), with the US account- 100 NORWEGIAN KRONE 63.3600 58.1400 57.9400
taking saw the FBM KLCI slipping below 1,250 between the global giants one month before ing for 57% of that sum, Yao added. 100 PAKISTAN RUPEE 4.1900 3.8800 3.6800
level in the afternoon session but it managed US President Barack Obama’s visit. Yao said China would “formally discuss”
100 PHILIPPINE PESO 7.4700 6.9900 6.7900
to finish the day in positive territory backed by “The US launched a large number of the cases with the US at the Joint Commis-
late buying,” one dealer said. trade remedy measures (against China) this sion on Commerce and Trade to be held later 100 QATAR RIYAL 94.5100 89.9000 89.7000
At close, the FBM Emas Index added 0.49 of year,” commerce ministry spokesman Yao this month in the eastern city of Hangzhou. 100 SAUDI RIYAL 91.7700 87.2900 87.0900
a point to 8,394.07, the FBM Top 100 increased Jian told reporters. “The abuse of trade remedy measures 100 SOUTH AFRICAN RAND 48.6700 44.5200 44.3200
4.79 points to 8,176.04 and the FBM 70 “Quite a few such measures were will only worsen the already hard trade 100 SRI LANKA RUPEE 3.0500 2.8000 2.6000
advanced 23.30 points to 8,281.00 but the FBM groundless and wrong.” environment,” he said. 100 SWEDISH KRONA 51.0300 46.3400 46.1400
ACE Index declined 5.30 points to 4,263.72. China has been the target of 88 trade “We are firmly opposed to those ground-
100 THAI BAHT 10.8900 9.2300 8.8300
– Bernama actions by 19 countries this year – including less cases.” – AFP
Source: Malayan Banking Bhd/Bernama