POMSoX UPDATE

LOCAL STOCKS

The bourse closed unchanged with modest volumes changing hands. BSP lost another percent during the day ending at K0.87, while KAM and NBO concluded the day at K1.15 and K9.92 respectively. Overseas, last night saw IOC climbed 2 percent to US$20.20 as LGL on the ASX fell 19 cents yesterday.

The pre open phase of the market today has bids for BSP at K0.85 while offers for CCP are at K2.37.

PNG NEWS

Most of the commodities fell last night while Gold came out shinning rebounding from its lowest in a month finishing US$907.25, due to the falling dollar.

MOVERS
Wednesdays’ movers on the local bourse 11/03/09:
BSP: -1.13%
NBO: -0.10%
OSH: 0.48%