POMSoX UPDATE

LOCAL STOCKS

The local bourse ended flat yesterday with BSP traded at an average price of K0.98, as CGA declined 7 percent from previous; On the upside was OSH closing at K8.70. Overseas last night, IOC on AMEX finished stronger at US$18.54 while NBPO in London registered trades at GBP2.46.

The local market is expected to open flat today with bids for HIG at a high of K0.14 and sellers for CPL willing to sell their stocks at K2.50.

PNG NEWS
On the corporate front, Steamships Trading (SST), one of the oldest diversified trading companies in PNG recorded a K16m rise in its net profit to K90.2m.

MOVERS
Yesterday’s movers on the local bourse 26/02/09:
BSP: -1.02%
CGA: -7.14%
OSH: 5.45%