POMSoX UPDATE

LOCAL STOCKS

Nothing much happened on the markets yesterday with KSi finishing unchanged at 4532.93; BSP saw light volumes changing hands at K0.83 while the offers for LGL and OSH were at a low K6.75 and K11.55 respectively. IOC continued its climb gaining another percent to end at US$26.98 as NBPO on the LSE edged over the GBP2.90 mark.

Today should see the market open lower with bids for BSP at K0.80 and NBO buyers lined up at K10.01.

PNG NEWS
Most of the major indices on the global front ended in the positive territory, based on more positive news i.e. better than expected results.

MOVERS
There were no movers on the local bourse yesterday 26/03/09: