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%
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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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