LOCAL STOCKS
Last Friday saw the local market closed calm with BSP advancing 2.59 percent to close at K0.79 so did MGO surging 3.84 percent to K0.27 with a reasonable volume. IOC ended weaker at US$35.94 while NBPO on the LSE concluded the week at GBP3.64 equivalently K16.93 on the local bourse.
The market is expected to open flat with mixed leads from the international markets. LGL bids are lined up at K6.10 whereas on the ASX they are lined up at A$3.20.
PNG NEWS
BSA: The Umbrella Benefit Sharing Agreement was finally signed granting a 7 percent equity in the LNG project on the back of government’s commitment to offload 5 percent of its stake in the multibillion Kina project.
MOVERS
Last Friday’s movers on the exchange 24/05/09:
BSP: 2.59%
MGO: 3.84%
OSH: 0.09%
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- BSP Capital
- 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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