TUESDAY 30th JUNE 2009
LOCAL STOCKS
Yesterday saw the local bourse finish relatively calm with light volumes changing hands. BSP surged towards the end of trading to close at K0.85. NBPO on LSE fell 1.51 percent to GBP3.55 as IOC climbed to over 4 percent to conclude day’s trading at US$29.27.
The opening phase of the market today has bids for OSH at K11.60 while offers for NGE are at K0.20.
PNG NEWS
The PNG Government is believed to be “days away from finalizing a project agreement for Papua New Guinea’s second liquefied natural gas project. Gas from the Elk/Antelope fields in the Gulf Province is expected to feed the project which is currently in negotiations between the state and the project operator Interoil Corporation.
MOVERS
Monday’s movers on the local market 29/06/09:
BSP: 4.93%
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- 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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