POMSoX UPDATE

LOCAL STOCKS

Wednesday saw the local index added 47.90 points (0.94 percent) to 5,110.76 on the back of BSP posting a gain of 5.40 percent to close at K0.78 reaching a low of K0.74; while CPL slid nearly 3 percent registering last at K2.40. In US saw IOC fell 12 cents to US$35.97 while NBPO finished up GBP3.99.

Outlook for the remainder of June looks steady with commodity prices and consumer confidence improving. Today on the market has offers for NBO as low as K22.00 while bids for OSH are at K11.10.

MOVERS
Yesterday’s movers on the local bourse 10/06/09:
BSP: 5.40%
CPL: -2.83%
NBO: 0.05%