LOCAL STOCKS
The market traded lower yesterday with the KSi shedding 169.51 points or 3.22% to close at 5,079.28; Movers on the day included BSP and OSH loosing 1.25 and 8.25 percent respectively. Offshore saw IOC climbed 8 percent to close at US$37.75 with a high of US$37.90.
The market has sellers selling NBO as low as K22.00 while bids are at K17.08. Otherwise the local bourse should expect trading to pick up slowly as confidence starts to emerge.
PNG NEWS
EXXONMOBIL’S PNG LNG project in Papua New Guinea has taken another step forward to development after the company signed an agreement with the KBR and WorleyParsons’ Eos joint venture and awarded an early works contract to the Cough Curtain JV.
MOVERS
Thursday’s movers on the local bourse 4/06/09:
BSP:-1.25%
CCP: -2.45%
OSH: -8.25%
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