POMSoX UPDATE

LOCAL STOCKS

The local bourse finished quiet with the KSi falling 4 percent to 5,049.02; LGL and MGO moved otherwise to close lower at K6.10 and K0.26 respectively. OSH also finished weaker, down 10 toeas to K10.90. IOC gained 95 cents to close at US$37.41.

The market today should be expected to open weaker with bidders for OSH are as high as K10.90 this is as per the mixed leads from the international markets as the surprise drop in construction and a cautious outlook in the global economy.

MOVERS
Yesterday’s movers on the market 19/05/09:
LGL: -10.42%
MGO: -3.70%
OSH: 0.90%