POMSoX UPDATE

LOCAL STOCKS
Yesterday, saw the market close quiet with light volumes being traded. BSP continued its downward trend to close at K0.93; NBPO in London ended higher at GBP2.51 while IOC in AMEX finished at US$23.98 with reasonable volumes.

Today will see the market open slightly lower, with uncertainty still prevalent on the markets. NBO bids are lined up at K9.90 and OSH selling at a low K10.00.

PNG NEWS
LGL: Lihir Gold limited intends to raise US$325m through a share placement to fund expansion of its Lihir Mines and also fund growth opportunities in Western Africa.

MOVERS
Wednesday’s movers on the local bourse 04/03/09:
BSP: -1.06%
NBO: 0.71%