THURSDAY 24th JUNE 2009
LOCAL STOCKS
The bourse closed active yesterday with LGL slipping by 0.54% to close at K6.40 . Oil Search continued to maintain its position at K11.60 regardless of the 1.2% fall in the world market oil price yesterday. New Britain Palm Oil also slid by 0.27% to close lower at K18.00.
The opening phase of the market this morning has offers for BSP at K0.79 while offers are available for CPL at K2.47. In Currency news today PGK is buying AUSD at a rate of 0.4913 and selling at 0.4447.
PNG NEWS
Papua New Guinean credit giant Credit Corporation will be having their Annual General Meeting today at 11:00am to discuss with shareholders the performance of the company in the past year.
The PNG investment community was saddened to learn of the tragic passing away of the CPL group of companies board chairman Allan Jarvis over the weekend. Mr. Jarvis contributed immensely to the growth and success of the company in the recent years. His leadership will be sorely missed by the CPL group.
MOVERS
Wednesday’s movers on the exchange 24/06/09:
LGL: -8.24%
NBO: -0.27%
OSH: 3.56%
MGO: 3.84%
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