POMSoX UPDATE

LOCAL STOCKS
Yesterday on the local bourse saw CGA fell 3 percent to K0.84 while NBO gained nearly 1 percent to end at K10.01. BSP witnessed a reasonable volume changing hands likewise did OSH ending the day at K9.00. In overseas, IOC soared 5 percent to finish at US$25.34 and NBPO also closed stronger at GBP2.77.

Today the market is expected to open stronger with more positive news being released from the trading companies. OSH has offers as low as K9.50 and LGL opening the day with buyers lined up at K5.51

PNG NEWS

CGA: Airlines of PNG reported yesterday that it registered a 13 percent increase in its operating revenue of K143.94 million.

MOVERS
Tuesday’s movers on the local market 23/03/09:
BSP: -2.43%
CGA: -3.44%
CPL: 0.40%
NBO: 0.90%