LOCAL STOCKS
Most of the trading companies closed unchanged yesterday while OSH gained 3.33 percent to end at K12.40; Offers for LGL closed the day at K7.00 as NBO buyers lined up at K18.00. Overseas last night saw IOC lost nearly 5 percent to US$34.26 as NBPO added 8 pence to finish the day at GBP4.02.
The market today is expected to open weaker as most of the indices closed in the red. Opening phase of trading today has CCP shares on offer as low as K1.95.
PNG NEWS
LNG: Oil Search and Santos have agreed to spend US$600 million in PNG’s liquefied Natural gas project. They will spend the fund on initial work including infrastructure upgrades.
MOVERS
Monday’s movers on the exchange 15/06/09:
BSP: -1.31%
MSC: -33.33%
OSH: 3.33%
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