POMSoX UPDATE

LOCAL STOCKS

The local market on Friday closed relatively active with the KSi closing the week 780 points higher to 5313.20, with a reasonable volume traded at K0.83 for BSP. LGL leaped 31 percent to close at K7.00 and OSH closed at K11.55, as others remained unchanged. IOC in US ended weaker at US$26.32 while NBPO finished at GBP2.92.

The market today may open lower with Bids for BSP at K0.80 and LGL buyers lined up at K5.67.

PNG NEWS

CCP: Credit Corporation reported a drop in the net earnings to K144 million, signifying a 23 percent decline.

MOVERS
Friday’s movers on the local bourse 27/03/09:
LGL: 30.59%
OSH: 25.54%