Monday, June 22, 2009

POMSoX UPDATE

LOCAL STOCKS

The local bourse closed steady on Friday seeing BSP maintain at K0.78.OSH rebounded from a weaker performance the previous day to close stronger at 11.71 percent & end the day at K12.40.

PNG NEWS

Chrome Corp Ltd - Perth-based mining company Chrome Corporation has struck a deal to acquire PNG gold explorer Pacific Niugini Minerals Ltd (PNM).

The deal, which is subject to due diligence and the approval of Chrome shareholders, will transform Chrome into a substantial gold company with almost 4,000 sqkm of highly prospective acreage in PNG’s Morobe, Western Highlands and Madang Provinces.

MOVERS

Friday’s movers on the local market 19/06/09:
CPL: 0.81%
LGL: 0.25%
OSH: 11.71%