PNG Stock Update

LOCAL STOCKS
The local market concluded the week flat, with only a small volume changing hands for BSP and NBO at K0.98 and K9.50 respectively. While in London saw NBPO closed at GBP2.63 as IOL rallied nearly 2 percent reaching a high of US$20.00.

This morning has offers for CGA as low as K0.96 and NBO buyers are lined up at K9.60.

RESEARCH
New report released on Rift Oil today. Email gminia.bspcapital@bsp.com.pg to be sent a copy.