LOCAL STOCKS
The KSi traded higher on Tuesday, closing 7.12 points or 0.14 percent at 4,960.31. Gainers for the day included BSP, CGA and NBO with 1.26, 9.09 and 13.84 percent respectively. While on the downside was OSH loosing 26 toeas to end at K10.50. NBO last night lost 25pence to close at GBp3.79 (K16.85).
Pre open phase of the market today has offers for LGL as low as K6.50 while buyers for NBO are queued at K16.51.
PNG NEWS
SST: Steamships Trading Company reported to the market that its annual meeting is scheduled for the 19th May 2009; the venue will be at the registered office in Port Moresby.
CUE: CUE Energy released to the market its Q1 results for the year highlighting a revenue for the quarter was A$5.8 million.
MOVERS
Yesterday’s movers on the local bourse 28/04/09:
BSP: 1.26%
CGA: 9.09%
CPL: -0.40%
LGL: 0.16%
NBO: 13.86%
OSH: -2.41%
Wednesday, April 29, 2009
Tuesday, April 28, 2009
POMSoX UPDATE
LOCAL STOCKS
The local market yesterday opened the week lower with the KSi ending 1.57 points down to 4,953.19. BSP and NBO finished unchanged registering trades at K0.79 and K14.50 respectively, as OSH slid 0.09 percent. IOC lost 5.73 percent to close at US$28.94 with a day’s high of US$30.70.
In the pre open phase of the market today has offers for NBO at K20.00 while LGL sellers are lined up at K7.00.
PNG NEWS
BSP: Bank South Pacific Limited announced the yesterday the resignation of Vai Reva and the appointment of Kostas Constatinou as a Director of BSP.
MOVERS
Monday’s movers on the local market 27/04/09:
OSH: -0.09%
The local market yesterday opened the week lower with the KSi ending 1.57 points down to 4,953.19. BSP and NBO finished unchanged registering trades at K0.79 and K14.50 respectively, as OSH slid 0.09 percent. IOC lost 5.73 percent to close at US$28.94 with a day’s high of US$30.70.
In the pre open phase of the market today has offers for NBO at K20.00 while LGL sellers are lined up at K7.00.
PNG NEWS
BSP: Bank South Pacific Limited announced the yesterday the resignation of Vai Reva and the appointment of Kostas Constatinou as a Director of BSP.
MOVERS
Monday’s movers on the local market 27/04/09:
OSH: -0.09%
Monday, April 27, 2009
POMSoX UPDATE
MONDAY 27th APRIL 2009
LOCAL STOCKS
Last Friday the market closed relatively calm, with the KSi declining by 0.24% to 4,954.76 points; BSP lost 1.25 percent to end at K0.79 as others LGL and MGO finished unchanged at K6.00 and K0.27 respectively. NBO on the LSE ended at GBP3.95 which is K17.55 equivalently while IOC finished at US$30.93 on the NYSE.
The local market today is expected to open slightly lower with bids for NBO are as high as K15.00 and OSH at K10.77.
PNG NEWS
In economic news, BPNG reported that inflationary pressures can be eased if the local businesses could pass on lower costs of import costs to consumers. The KFR or Kina Facility Rate is maintained at 8.0 percent for the first four months in to the year.
MGO: Marengo Mining released to the media that they discovered new copper deposits at the Yandera project in Madang Province.
MOVERS
Last Friday’s movers on the local market 24/04/09;
BSP: -1.25%
LOCAL STOCKS
Last Friday the market closed relatively calm, with the KSi declining by 0.24% to 4,954.76 points; BSP lost 1.25 percent to end at K0.79 as others LGL and MGO finished unchanged at K6.00 and K0.27 respectively. NBO on the LSE ended at GBP3.95 which is K17.55 equivalently while IOC finished at US$30.93 on the NYSE.
The local market today is expected to open slightly lower with bids for NBO are as high as K15.00 and OSH at K10.77.
PNG NEWS
In economic news, BPNG reported that inflationary pressures can be eased if the local businesses could pass on lower costs of import costs to consumers. The KFR or Kina Facility Rate is maintained at 8.0 percent for the first four months in to the year.
MGO: Marengo Mining released to the media that they discovered new copper deposits at the Yandera project in Madang Province.
MOVERS
Last Friday’s movers on the local market 24/04/09;
BSP: -1.25%
Monday, April 20, 2009
POMSoX UPDATE
LOCAL STOCKS
Last week Friday saw the KSi ended the week lower at 4,790.89, down by 0.12 points; with movers being MGO finishing 15 percent up and NGE closing the week on the downside losing nearly 6 percent to 17 toeas. In US saw IOC climb 0.46 percent to end at US$32.55 while NBO finished the week at GBP3.62.
Today has offers for LGL as low as K6.75 and bids for NBO are at K13.00.
MOVERS
Last Friday’s movers on the local bourse 17/04/09;
CCP: -0.92%
MGO: 15.00%
NGE: -5.88%
Last week Friday saw the KSi ended the week lower at 4,790.89, down by 0.12 points; with movers being MGO finishing 15 percent up and NGE closing the week on the downside losing nearly 6 percent to 17 toeas. In US saw IOC climb 0.46 percent to end at US$32.55 while NBO finished the week at GBP3.62.
Today has offers for LGL as low as K6.75 and bids for NBO are at K13.00.
MOVERS
Last Friday’s movers on the local bourse 17/04/09;
CCP: -0.92%
MGO: 15.00%
NGE: -5.88%
Thursday, April 16, 2009
POMSoX UPDATE
LOCAL STOCKS
Wednesday saw the KSi rose by 101.72 points or 2.16% to 4,810.50; gainers included NBO and MGO ending the day at K15.00 and K0.20 respectively. BSP also registered small volumes finishing unchanged. While in overseas NBO gained 32 pence to finish on the LSE at GBP3.63 reaching a high GBP3.65.
The market has remained relatively active for the past few weeks, and is expected to continue, with more market releases from the listed companies. Buyers for NBO are lined up at K12.70 and offers for LGL are available at K6.75 for today.
PNG NEWS
COY: CopperMoly Limited relased an investor update regarding its trenching and drilling programme at the Nakru and Simuku; through exploration efforts and recent assay results, the values of these assets have been significantly improved.
HIG: Highlands Pacific Limited reported the receipt of US$3 million for the transfer of EL1277 from the PNG Deparetment of Mines.
MOVERS
Wednesday’s movers on the local bourse 15/04/09:
MGO: 17.64%
NBO: 24.89%
OSH: 3.51%
Wednesday saw the KSi rose by 101.72 points or 2.16% to 4,810.50; gainers included NBO and MGO ending the day at K15.00 and K0.20 respectively. BSP also registered small volumes finishing unchanged. While in overseas NBO gained 32 pence to finish on the LSE at GBP3.63 reaching a high GBP3.65.
The market has remained relatively active for the past few weeks, and is expected to continue, with more market releases from the listed companies. Buyers for NBO are lined up at K12.70 and offers for LGL are available at K6.75 for today.
PNG NEWS
COY: CopperMoly Limited relased an investor update regarding its trenching and drilling programme at the Nakru and Simuku; through exploration efforts and recent assay results, the values of these assets have been significantly improved.
HIG: Highlands Pacific Limited reported the receipt of US$3 million for the transfer of EL1277 from the PNG Deparetment of Mines.
MOVERS
Wednesday’s movers on the local bourse 15/04/09:
MGO: 17.64%
NBO: 24.89%
OSH: 3.51%
Tuesday, April 14, 2009
POMSoX UPDATE
LOCAL STOCKS
On Thursday the local market closed relatively quiet with light volumes changing hands; BSP fell 1.23 percent to K0.80 likewise OSH loosing 34 toeas to close off at K9.66. On the upside was IOC on the NYSE ending the week at US$31.25 with a day’s high of US$31.40.
The market today is expected to see a slow start to the week with bids for MGO at K0.17 while sellers are willing to sell off at K0.23; and OSH has offers as low as K11.55 for today.
MOVERS
Movers last week Thursday 9/04/09:
BSP: -1.23%
CCP: 0.45%
KAM: 0.87%
OSH: -3.40%
On Thursday the local market closed relatively quiet with light volumes changing hands; BSP fell 1.23 percent to K0.80 likewise OSH loosing 34 toeas to close off at K9.66. On the upside was IOC on the NYSE ending the week at US$31.25 with a day’s high of US$31.40.
The market today is expected to see a slow start to the week with bids for MGO at K0.17 while sellers are willing to sell off at K0.23; and OSH has offers as low as K11.55 for today.
MOVERS
Movers last week Thursday 9/04/09:
BSP: -1.23%
CCP: 0.45%
KAM: 0.87%
OSH: -3.40%
Thursday, April 9, 2009
POMSoX UPDATE
LOCAL STOCKS
Nothing much happened yesterday with KSi losing 11.26 points or 0.23% yesterday, closing at 0.23% lower. BSP finishing 1.21 percent weaker to end at K0.81. MGO and OSH closed unchanged with modest volumes changing hands as IOC last night on NYSE finished with reasonable volumes at US$29.87.
The market will operate as normal today with bids for LGL are at K5.75 and OSH buyers bidding at K9.65.
PNG NEWS
OSH: Oil Search Limited announced its annual meeting which is scheduled at 12th May 2009 at Crowne Plaza, Port Moresby; the meeting will start at 11:00am.
MOVERS
Wednesday’s Movers on the local bourse 08/04/09:
BSP: -1.21%
Nothing much happened yesterday with KSi losing 11.26 points or 0.23% yesterday, closing at 0.23% lower. BSP finishing 1.21 percent weaker to end at K0.81. MGO and OSH closed unchanged with modest volumes changing hands as IOC last night on NYSE finished with reasonable volumes at US$29.87.
The market will operate as normal today with bids for LGL are at K5.75 and OSH buyers bidding at K9.65.
PNG NEWS
OSH: Oil Search Limited announced its annual meeting which is scheduled at 12th May 2009 at Crowne Plaza, Port Moresby; the meeting will start at 11:00am.
MOVERS
Wednesday’s Movers on the local bourse 08/04/09:
BSP: -1.21%
Wednesday, April 8, 2009
POMSoX UPDATE
LOCAL STOCKS
The local bourse finished relatively calm, resulting in the KSi ending up 3.96 points or 0.99% to 4,769.96. Diversified financial CCP lost 16 toeas to end at K2.19 likewise CGA closing weaker at K0.78 while BSP advanced 2.50 percent to conclude the day at K0.82.
Overseas, IOC fell 7 percent to US$28.93 with a day’s high of US$31.96, as NBO finished at GBP3.10 on the London Stock Exchange.
The pre-open phase of the market today has bids for HIG and NBO at K0.14 and respectively.
MOVERS
Yesterday’s movers on the local bourse 07/04/09:
BSP: 2.50%
CCP: -6.83%
CGA: -8.33%
KAM: -0.86%
NBO: 19.98%
The local bourse finished relatively calm, resulting in the KSi ending up 3.96 points or 0.99% to 4,769.96. Diversified financial CCP lost 16 toeas to end at K2.19 likewise CGA closing weaker at K0.78 while BSP advanced 2.50 percent to conclude the day at K0.82.
Overseas, IOC fell 7 percent to US$28.93 with a day’s high of US$31.96, as NBO finished at GBP3.10 on the London Stock Exchange.
The pre-open phase of the market today has bids for HIG and NBO at K0.14 and respectively.
MOVERS
Yesterday’s movers on the local bourse 07/04/09:
BSP: 2.50%
CCP: -6.83%
CGA: -8.33%
KAM: -0.86%
NBO: 19.98%
Monday, April 6, 2009
POMSoX UPDATE
LOCAL STOCKS
The market last week Friday closed relatively quiet with KSi closing higher at 4,695.07 up by 23.51 points or 0.5%; BSP had bids finishing the week at K0.81, CPL and OSH ended with small changes, while the others closed unchanged. IOC concluded the week at US$28.93 with reasonable volumes.
The pre open phase has offers for CCP at K2.20 and while bids are at K9.61 for OSH.
MOVERS
Movers last Friday 03/04/09:
CPL: -0.80%
LGL: 0.87%
OSH: 0.72%
The market last week Friday closed relatively quiet with KSi closing higher at 4,695.07 up by 23.51 points or 0.5%; BSP had bids finishing the week at K0.81, CPL and OSH ended with small changes, while the others closed unchanged. IOC concluded the week at US$28.93 with reasonable volumes.
The pre open phase has offers for CCP at K2.20 and while bids are at K9.61 for OSH.
MOVERS
Movers last Friday 03/04/09:
CPL: -0.80%
LGL: 0.87%
OSH: 0.72%
Thursday, April 2, 2009
POMSoX UPDATE
LOCAL STOCKS
The opening day of the month, saw the local market with light volumes changing hand with the KSi starting the month lower by 9.76 points or 0.20% at 4,732.30. BSP opened the day lower K0.80 while OSH advanced a percent to close at K9.60. Overseas last night had IOC finished weaker at US$27.00 with a high of US$28.59.
The pre-open phase of the market today has bids for OSH still at K9.52 and offers for NBO as low as K18.00; the market is expected close steady today.
MOVERS
Wednesday’s movers on the local bourse 01/04/09:
BSP: -2.40%
OSH: 0.94%
The opening day of the month, saw the local market with light volumes changing hand with the KSi starting the month lower by 9.76 points or 0.20% at 4,732.30. BSP opened the day lower K0.80 while OSH advanced a percent to close at K9.60. Overseas last night had IOC finished weaker at US$27.00 with a high of US$28.59.
The pre-open phase of the market today has bids for OSH still at K9.52 and offers for NBO as low as K18.00; the market is expected close steady today.
MOVERS
Wednesday’s movers on the local bourse 01/04/09:
BSP: -2.40%
OSH: 0.94%
Wednesday, April 1, 2009
POMSoX UPDATE
LOCAL STOCKS
Tuesday saw the KSi closed the month 284.66 points or 3.77% lower at 4,742.06, with BSP closing 4 percent stronger at K0.83, while CPL ended steady at K2.50 and OSH declined K2.00 to K9.51; dual listed NBPO in London concluded last night at GBP2.95 as IOC in US registered trades at US$28.00.
Today in the pre open phase of the market has offers for CGA at K0.79 and bidders for NBO as high as K10.36.
MOVERS
Yesterday’s mover on the local bourse 31/03/09;
BSP: 3.75%
OSH: -17.66%
Tuesday saw the KSi closed the month 284.66 points or 3.77% lower at 4,742.06, with BSP closing 4 percent stronger at K0.83, while CPL ended steady at K2.50 and OSH declined K2.00 to K9.51; dual listed NBPO in London concluded last night at GBP2.95 as IOC in US registered trades at US$28.00.
Today in the pre open phase of the market has offers for CGA at K0.79 and bidders for NBO as high as K10.36.
MOVERS
Yesterday’s mover on the local bourse 31/03/09;
BSP: 3.75%
OSH: -17.66%
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