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%
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- BSP Capital is the leading stock broker and fund manager in Papua New Guinea. This site is designed to offer open discussion and market information. Nothing on this site should be thought of as investment advice. There are risks to investing and not all risks are explained here. Always speak with an adviser before investing. www.bsp-capital.com
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