PNG Stock Update

LOCAL STOCKS
The local bourse closed stronger with the listed companies ending the week with reasonable volumes. BSP advanced 1 percent to K0.99; as OSH closed the week at K8.00; while LGL on the local market had bids ending at K4.10. NBO in London finished steady at STG2.58

Today has offers for KAM as low as K1.17 while NBO has bids as high as K9.50.

PNG NEWS
In commodities, spot gold remains strong last hitting $US911.50, just a little down from highs. PNG receives a lot of revenue from commodities such as copper and oil, of which both have fallen drastically. The nation's gold reserves could help offset some of the losses.

MOVERS

BSP: 1.02%
OSH: 0.50%