LOCAL STOCKS
The market gained 145 points to close at 5000.59; CCP fell 0.52 percent to end the day at K1.89 likewise did MGO and LGL at K0.26 and K5.69 respectively. Overseas last night had NBPO ended at GBP3.60 while IOC on the NYSE finished up at US$28.13.
The market is expected to maintain its rally on reviews that the financial meltdown and the downturn is easing. Sellers for BSP still remains at K0.84 while offers for CGA are at a low K0.69.
PNG NEWS
In company news, LGL released to the market its Q2 results for 2009 highlighting a Quarterly production of 294,000 oz, taking half year production to a record 612,000 ounce.
MOVERS:
Thursday’s movers on the local bourse 30/07/09:
CCP: -0.52%
LGL: -5.00%
MGO: -3.70%
NGE: 18.75%
OSH: -3.91%
Friday, July 31, 2009
Thursday, July 30, 2009
POMSoX UPDATE
LOCAL STOCKS
The local bourse closed steady yesterday as BSP rebounded closing at K0.85 with reasonable volumes changing hands. Companies that traded yesterday saw moderate changes with CGA losing 1.42 percent to end at K0.69. While in overseas saw IOC closed at US$26.77 sliding 2.58 percent.
The gains on the markets yesterday were limited as concerns grew about Chinese banks limiting lending and thus hurting commodity prices and the share market last night. Sellers for LGL are lined up at K6.30 and CPL bids are at a high K2.45.
PNG NEWS
In Currency news, Kina is up today buying 0.4773 and selling 0.4320 Aussie, while it is trading at 0.3529 US Cents.
Local politics news had PNG parliament went into recess as the government and opposition continue their bitter clash over yesterday’s no confidence sparkle.
MOVERS
Wednesday’s gainers and losers on the local bourse 29/07/09:
BSP: 2.43%
CCP: 0.52%
CGA: -1.42%
NBO: 0.45%
OSH: -1.28%
The local bourse closed steady yesterday as BSP rebounded closing at K0.85 with reasonable volumes changing hands. Companies that traded yesterday saw moderate changes with CGA losing 1.42 percent to end at K0.69. While in overseas saw IOC closed at US$26.77 sliding 2.58 percent.
The gains on the markets yesterday were limited as concerns grew about Chinese banks limiting lending and thus hurting commodity prices and the share market last night. Sellers for LGL are lined up at K6.30 and CPL bids are at a high K2.45.
PNG NEWS
In Currency news, Kina is up today buying 0.4773 and selling 0.4320 Aussie, while it is trading at 0.3529 US Cents.
Local politics news had PNG parliament went into recess as the government and opposition continue their bitter clash over yesterday’s no confidence sparkle.
MOVERS
Wednesday’s gainers and losers on the local bourse 29/07/09:
BSP: 2.43%
CCP: 0.52%
CGA: -1.42%
NBO: 0.45%
OSH: -1.28%
POMSoX UPDATE
THURSDAY 30th JULY 2009
LOCAL STOCKS
The local bourse closed steady yesterday as BSP rebounded closing at K0.85 with reasonable volumes changing hands. Companies that traded yesterday saw moderate changes with CGA losing 1.42 percent to end at K0.69. While in overseas saw IOC closed at US$26.77 sliding 2.58 percent.
The gains on the markets yesterday were limited as concerns grew about Chinese banks limiting lending and thus hurting commodity prices and the share market last night. Sellers for LGL are lined up at K6.30 and CPL bids are at a high K2.45.
PNG NEWS
In Currency news, Kina is up today buying 0.4773 and selling 0.4320 Aussie, while it is trading at 0.3529 US Cents.
Local politics news had PNG parliament went into recess as the government and opposition continue their bitter clash over yesterday’s no confidence sparkle.
MOVERS
Wednesday’s gainers and losers on the local bourse 29/07/09:
BSP: 2.43%
CCP: 0.52%
CGA: -1.42%
NBO: 0.45%
OSH: -1.28%
LOCAL STOCKS
The local bourse closed steady yesterday as BSP rebounded closing at K0.85 with reasonable volumes changing hands. Companies that traded yesterday saw moderate changes with CGA losing 1.42 percent to end at K0.69. While in overseas saw IOC closed at US$26.77 sliding 2.58 percent.
The gains on the markets yesterday were limited as concerns grew about Chinese banks limiting lending and thus hurting commodity prices and the share market last night. Sellers for LGL are lined up at K6.30 and CPL bids are at a high K2.45.
PNG NEWS
In Currency news, Kina is up today buying 0.4773 and selling 0.4320 Aussie, while it is trading at 0.3529 US Cents.
Local politics news had PNG parliament went into recess as the government and opposition continue their bitter clash over yesterday’s no confidence sparkle.
MOVERS
Wednesday’s gainers and losers on the local bourse 29/07/09:
BSP: 2.43%
CCP: 0.52%
CGA: -1.42%
NBO: 0.45%
OSH: -1.28%
Wednesday, July 29, 2009
POMSoX UPDATE
LOCAL STOCKS
Trading on the local bourse was light with HIG and OSH ending on the upside while BSP fell 3.52 percent on light volumes; the markets finished mixed yesterday after some profit taking and weaker commodity prices overnight. Our dual listed NBPO ended GBP3.58 losing 0.83 percent in London.
The local market is expected to open lower due to the markets concluding the day mixed. BSP shares are available at K0.85 while sellers for CPL are at a low K2.47.
PNG NEWS
In currency news, our kina closed lower yesterday, as demand outstripped supply for another week. Our kina is buying 0.4729 and selling 0.4281 Aussie today.
MOVERS
Tuesday’s movers on our share market 28/07/09:
BSP: -3.52%
HIG: 4.00%
OSH: 0.51%
Trading on the local bourse was light with HIG and OSH ending on the upside while BSP fell 3.52 percent on light volumes; the markets finished mixed yesterday after some profit taking and weaker commodity prices overnight. Our dual listed NBPO ended GBP3.58 losing 0.83 percent in London.
The local market is expected to open lower due to the markets concluding the day mixed. BSP shares are available at K0.85 while sellers for CPL are at a low K2.47.
PNG NEWS
In currency news, our kina closed lower yesterday, as demand outstripped supply for another week. Our kina is buying 0.4729 and selling 0.4281 Aussie today.
MOVERS
Tuesday’s movers on our share market 28/07/09:
BSP: -3.52%
HIG: 4.00%
OSH: 0.51%
Tuesday, July 28, 2009
POMSoX UPDATE
LOCAL STOCKS
Yesterday the market closed higher as BSP maintained its trading price at K0.85 and CCP finished unchanged registering trades at K1.89 with light volumes changing hands. MGO and OSH were the highlight of the day after concluding the day higher by 8 and 3.94 percent respectively.
Overseas last night saw the markets finished positive, as such the local bourse is expected to open higher today; with offers for OSH are as low as K11.60 while LGL sellers are lined up at K6.49.
MOVERS
Monday’s movers on the local bourse 27/07/09:
BSP: 1.19%
CGA: 1.44%
MGO: 8.00%
NBO: -0.54%
OSH: 3.94%
Yesterday the market closed higher as BSP maintained its trading price at K0.85 and CCP finished unchanged registering trades at K1.89 with light volumes changing hands. MGO and OSH were the highlight of the day after concluding the day higher by 8 and 3.94 percent respectively.
Overseas last night saw the markets finished positive, as such the local bourse is expected to open higher today; with offers for OSH are as low as K11.60 while LGL sellers are lined up at K6.49.
MOVERS
Monday’s movers on the local bourse 27/07/09:
BSP: 1.19%
CGA: 1.44%
MGO: 8.00%
NBO: -0.54%
OSH: 3.94%
Monday, July 27, 2009
POMSoX UPDATE
LOCAL STOCKS
The local market finished relatively active on Friday; BSP closed the day higher after opening the day lower at K0.82 with reasonable volumes changing hands. CGA fell 1.42 percent to finish at K0.69 as LGL closed unchanged. While in overseas saw NBPO in LSE concluded the day stronger at GBP3.61.
Outlook today looks positive as the global economy had its longest slump since Great Depression. But growth, albeit small, may return as soon as the third quarter as analysts predict.
MOVERS
Last Friday’s movers on the local bourse 24/07/09:
BSP: 1.20%
CGA: -1.42%
OSH: 1.36%
The local market finished relatively active on Friday; BSP closed the day higher after opening the day lower at K0.82 with reasonable volumes changing hands. CGA fell 1.42 percent to finish at K0.69 as LGL closed unchanged. While in overseas saw NBPO in LSE concluded the day stronger at GBP3.61.
Outlook today looks positive as the global economy had its longest slump since Great Depression. But growth, albeit small, may return as soon as the third quarter as analysts predict.
MOVERS
Last Friday’s movers on the local bourse 24/07/09:
BSP: 1.20%
CGA: -1.42%
OSH: 1.36%
Friday, July 24, 2009
POMSoX UPDATE
LOCAL STOCKS
The market was closed yesterday as a result of the Remembrance holiday. Generally the markets closed positive and the trend is set for another strong day ahead after oil and stocks in overseas surged. Other metals also rose, while copper finished weaker. NBPO also closed weaker on the LSE losing 1.4 percent to GBP3.57 (K16.55).
MOVERS
Data is not available as the market closed for Remembrance holiday yesterday.
The market was closed yesterday as a result of the Remembrance holiday. Generally the markets closed positive and the trend is set for another strong day ahead after oil and stocks in overseas surged. Other metals also rose, while copper finished weaker. NBPO also closed weaker on the LSE losing 1.4 percent to GBP3.57 (K16.55).
MOVERS
Data is not available as the market closed for Remembrance holiday yesterday.
Wednesday, July 22, 2009
POMSoX UPDATE
LOCAL STOCKS
The local bourse closed reasonably active yesterday on modest gains riding on positive news from overseas. LGL and OSH ended the day stronger at K6.00 and K11.20 respectively as the financials finished weaker due to a strong supply.
Local market may start flat this morning despite the gains on markets; the opening phase of the market today has CPL offers at K2.47 and LGL at K2.49.
PNG NEWS
LGL: Lihir Gold Ltd (LGL) is to initiate the sale of the Ballarat gold mine in Victoria after completing a review of the project over recent months.
OSH: STRONG production and a higher oil price have allowed Papua New Guinea-focused Oil Search to post operating revenue of $US116.6 million for the quarter ending June 30, 2009.
MOVERS
Tuesday’s movers on the local share market 21/07/09:
BSP: -1.17%
CCP: -1.04%
LGL: 1.69%
MSC: 50.00%
OSH: 1.81%
The local bourse closed reasonably active yesterday on modest gains riding on positive news from overseas. LGL and OSH ended the day stronger at K6.00 and K11.20 respectively as the financials finished weaker due to a strong supply.
Local market may start flat this morning despite the gains on markets; the opening phase of the market today has CPL offers at K2.47 and LGL at K2.49.
PNG NEWS
LGL: Lihir Gold Ltd (LGL) is to initiate the sale of the Ballarat gold mine in Victoria after completing a review of the project over recent months.
OSH: STRONG production and a higher oil price have allowed Papua New Guinea-focused Oil Search to post operating revenue of $US116.6 million for the quarter ending June 30, 2009.
MOVERS
Tuesday’s movers on the local share market 21/07/09:
BSP: -1.17%
CCP: -1.04%
LGL: 1.69%
MSC: 50.00%
OSH: 1.81%
Tuesday, July 21, 2009
POMSoX UPDATE
LOCAL STOCKS
Nothing much happened on the local market yesterday; BSP registered trades at K0.85 with a reasonable volume likewise did OSH finishing steady at K11.00 with offers closing at K11.60 for the day. Overseas saw the market s opened the week in positive territory bolstered by financials riding on the news of CIT.
Local bourse is expected to open higher in the first session today on the back of positive leads from international markets. In Currency news our Kina has slid a little buying 0.4822 Aussie and selling 0.4365 today.
MOVERS
Yesterday’s movers on the local bourse 20/07/09:
The stocks finished unchanged yesterday on light volumes.
Nothing much happened on the local market yesterday; BSP registered trades at K0.85 with a reasonable volume likewise did OSH finishing steady at K11.00 with offers closing at K11.60 for the day. Overseas saw the market s opened the week in positive territory bolstered by financials riding on the news of CIT.
Local bourse is expected to open higher in the first session today on the back of positive leads from international markets. In Currency news our Kina has slid a little buying 0.4822 Aussie and selling 0.4365 today.
MOVERS
Yesterday’s movers on the local bourse 20/07/09:
The stocks finished unchanged yesterday on light volumes.
Monday, July 20, 2009
POMSoX UPDATE
LOCAL STOCKS
Generally, the market closed quite active, with trading on the local market saw BSP closed 3.65 percent higher at K0.85 as NBO ended the week at K16.55 on light volumes, while on the downside was HIG closing weaker by 3.84 percent. Overseas had IOC finished stronger, up 0.64 percent to US$29.79.
The market is expected to open a little higher after the markets finished in the green last week. Pre-open phase of the market today has CGA as low as K0.70 and CPL sellers are lined up at K2.47.
PNG NEWS
Kina is buying 0.4902 Aussie while selling 0.4437, and Kina/USD is trading at 0.3562
MOVERS
Friday’s movers on the local bourse 17/07/09:
BSP: 3.65%
HIG: -3.84%
NBO: 0.24%
Generally, the market closed quite active, with trading on the local market saw BSP closed 3.65 percent higher at K0.85 as NBO ended the week at K16.55 on light volumes, while on the downside was HIG closing weaker by 3.84 percent. Overseas had IOC finished stronger, up 0.64 percent to US$29.79.
The market is expected to open a little higher after the markets finished in the green last week. Pre-open phase of the market today has CGA as low as K0.70 and CPL sellers are lined up at K2.47.
PNG NEWS
Kina is buying 0.4902 Aussie while selling 0.4437, and Kina/USD is trading at 0.3562
MOVERS
Friday’s movers on the local bourse 17/07/09:
BSP: 3.65%
HIG: -3.84%
NBO: 0.24%
Friday, July 17, 2009
POMSoX UPDATE
LOCAL STOCKS
Strong performance by the resources companies led to the local index climbing 8.48 points to end 0.17 percent better. OSH closed up at K11.00 with offers for the day closing at K11.44. HIG surged 18 percent after the metal prices closed in the positive territory. While in London saw NBPO finished at GBP3.32 equivalent to K15.28 yesterday.
Positive data from China’s growth led to the markets finishing on the upside, thus we expect the market to open higher today with offers for BSP as low as K0.85.
PNG NEWS
In currency news our local kina is selling at a rate of 0.4434 and buying 0.4898 Aussie; while it is averaging 0.3572.
MOVERS
Yesterday’s movers on the local market 16/07/09:
BSP: -3.52%
HIG: -18.18%
MSC: -50.00%
OSH: 2.80%
Strong performance by the resources companies led to the local index climbing 8.48 points to end 0.17 percent better. OSH closed up at K11.00 with offers for the day closing at K11.44. HIG surged 18 percent after the metal prices closed in the positive territory. While in London saw NBPO finished at GBP3.32 equivalent to K15.28 yesterday.
Positive data from China’s growth led to the markets finishing on the upside, thus we expect the market to open higher today with offers for BSP as low as K0.85.
PNG NEWS
In currency news our local kina is selling at a rate of 0.4434 and buying 0.4898 Aussie; while it is averaging 0.3572.
MOVERS
Yesterday’s movers on the local market 16/07/09:
BSP: -3.52%
HIG: -18.18%
MSC: -50.00%
OSH: 2.80%
Thursday, July 16, 2009
POMSoX UPDATE
LOCAL STOCK
Moderate volumes changed hands as the international indices closed stronger on the back of positive financial and technology stock news. On the local front, KSi ended trading otherwise as NBO and OSH fell 2.69 and 2.63 percent respectively.
The market today should start the day flat despite positive leads from the international arena but momentum is predicted to rise as investor confidence starts to emerge in the markets. BSP offers are low as K0.85 in the pre open phase while sellers for LGL are at K6.50.
Moderate volumes changed hands as the international indices closed stronger on the back of positive financial and technology stock news. On the local front, KSi ended trading otherwise as NBO and OSH fell 2.69 and 2.63 percent respectively.
The market today should start the day flat despite positive leads from the international arena but momentum is predicted to rise as investor confidence starts to emerge in the markets. BSP offers are low as K0.85 in the pre open phase while sellers for LGL are at K6.50.
Tuesday, July 14, 2009
POMSoX UPDATE
LOCAL STOCKS
BSP yesterday posted a gain of 1.17 percent to end at K0.86, after opening the day lower. OSH slid 6.50 percent on the back of weaker crude oil prices. Otherwise the market had a relatively active day. Last night in London saw NBPO register a close at GBP3.45 loosing 10 pence.
The market is expected to open stronger with positive leads from the overseas; pre open phase of the market this morning has bids for OSH as high as K10.70 and offers for BSP at a low of K10.70.
PNG NEWS
PNGKSi: The local index jumped 108.24 points yesterday to close at 5035.94.
Kina: In currency markets our Kina is buying 0.5048 and selling 0.4570 Aussie and selling at a rate of 0.3581 US cents.
MOVERS
Yesterday’s movers on the local bourse 13/07/09:
BSP: 1.17%
HIG: -15.38%
NBO: -0.17%
OSH: -6.46%
BSP yesterday posted a gain of 1.17 percent to end at K0.86, after opening the day lower. OSH slid 6.50 percent on the back of weaker crude oil prices. Otherwise the market had a relatively active day. Last night in London saw NBPO register a close at GBP3.45 loosing 10 pence.
The market is expected to open stronger with positive leads from the overseas; pre open phase of the market this morning has bids for OSH as high as K10.70 and offers for BSP at a low of K10.70.
PNG NEWS
PNGKSi: The local index jumped 108.24 points yesterday to close at 5035.94.
Kina: In currency markets our Kina is buying 0.5048 and selling 0.4570 Aussie and selling at a rate of 0.3581 US cents.
MOVERS
Yesterday’s movers on the local bourse 13/07/09:
BSP: 1.17%
HIG: -15.38%
NBO: -0.17%
OSH: -6.46%
Monday, July 13, 2009
POMSoX UPDATE
MONDAY 13th JULY 2009
LOCAL STOCKS
Friday saw the local bourse closed relatively flat, with the financials finishing unchanged likewise NBO ending the week at K17.10, OSH was the only gainer on Friday ending 7 percent higher with small volumes. In overseas over the weekend had IOC closed at US$27.21 while NBPO on the LSE ended at GBP3.50.
The market this morning is expected to open relatively flat with bids for BSP and CCP as low as K0.85 and K1.93 respectively.
PNG NEWS
Kina: The local currency is buying 0.5075 and selling 0.4594 today.
MOVERS
Last Friday’s movers on the local bourse 10/07/09:
OSH: 6.91%
LOCAL STOCKS
Friday saw the local bourse closed relatively flat, with the financials finishing unchanged likewise NBO ending the week at K17.10, OSH was the only gainer on Friday ending 7 percent higher with small volumes. In overseas over the weekend had IOC closed at US$27.21 while NBPO on the LSE ended at GBP3.50.
The market this morning is expected to open relatively flat with bids for BSP and CCP as low as K0.85 and K1.93 respectively.
PNG NEWS
Kina: The local currency is buying 0.5075 and selling 0.4594 today.
MOVERS
Last Friday’s movers on the local bourse 10/07/09:
OSH: 6.91%
Friday, July 10, 2009
POMSoX UPDATE
LOCAL STOCKS
Thursday, saw the local bourse close active with reasonable volumes changing hands for BSP at K0.85 as CPL registered a gain of nearly 1 percent to end the day at K2.49. in overseas last night saw NBPO in London finished steady at GBP3.54 likewise did IOC on the NYSE closing at US$27.20.
The local market is expected to open flat following mixed results from the international markets. Pre-open phase of the market today at has offers for BSP as low as K0.86, and NBO buyers lined up at K17.10.
PNG NEWS
Kina: Our local currency is buying 0.5050 and selling 0.4571.
MOVERS
Yesterday’s movers on the local bourse 09/07/09:
CPL: 0.80%
NBO: 0.05%
Thursday, saw the local bourse close active with reasonable volumes changing hands for BSP at K0.85 as CPL registered a gain of nearly 1 percent to end the day at K2.49. in overseas last night saw NBPO in London finished steady at GBP3.54 likewise did IOC on the NYSE closing at US$27.20.
The local market is expected to open flat following mixed results from the international markets. Pre-open phase of the market today at has offers for BSP as low as K0.86, and NBO buyers lined up at K17.10.
PNG NEWS
Kina: Our local currency is buying 0.5050 and selling 0.4571.
MOVERS
Yesterday’s movers on the local bourse 09/07/09:
CPL: 0.80%
NBO: 0.05%
Wednesday, July 8, 2009
POMSoX UPDATE
LOCAL STOCKS
Trading on the local bourse was soft with light volumes changing hands, BSP and CCP maintained levels as previous. LGL also edged over the K6.00 mark finishing the day at K6.40 despite gold losing its appeal as a hedge against inflation yesterday. Last night had IOC ended the day at US$26.11 fall 7 percent while NBPO rose by 8 pence to close at GBP3.58.
The market is expected open lower with negative leads international indices, due to a declining oil price and reports that fresh government spending may be needed to stabilize economies. Offers for BSP are as low as K0.85
PNG NEWS
The KSi edged higher yesterday, adding 100.27 points or 1.93% to close at 5,292. While BPNG maintained the KFR at 8.00 percent.
PNG Kina is buying 0.5004 and selling at a rate of 0.4530 Aussie.
MOVERS
Yesterday’s movers on the local bourse 8/07/09:
LGL: 6.66%
Trading on the local bourse was soft with light volumes changing hands, BSP and CCP maintained levels as previous. LGL also edged over the K6.00 mark finishing the day at K6.40 despite gold losing its appeal as a hedge against inflation yesterday. Last night had IOC ended the day at US$26.11 fall 7 percent while NBPO rose by 8 pence to close at GBP3.58.
The market is expected open lower with negative leads international indices, due to a declining oil price and reports that fresh government spending may be needed to stabilize economies. Offers for BSP are as low as K0.85
PNG NEWS
The KSi edged higher yesterday, adding 100.27 points or 1.93% to close at 5,292. While BPNG maintained the KFR at 8.00 percent.
PNG Kina is buying 0.5004 and selling at a rate of 0.4530 Aussie.
MOVERS
Yesterday’s movers on the local bourse 8/07/09:
LGL: 6.66%
Tuesday, July 7, 2009
POMSoX UPDATE
LOCAL STOCKS
KSi opened the week lower losing 56 points to end 5,191.73, trading was quiet with light volumes. BSP and OSH finished the day unchanged as NBO and CCP closed in the red. IOC also fell 5.29 percent on the NYSE, likewise did NBPO in London closing at GBP3.50.
The local market is expected to open flat today with mixed leads form the international markets. In the pre-open phase of the market this morning has bids for BSP as high as K0.80. In currency our Kina is buying 0.4955 and selling 0.4485 Aussie today.
MOVERS
Yesterday’s movers on the local bourse 06/07/09:
CCP: -0.51%
KSi opened the week lower losing 56 points to end 5,191.73, trading was quiet with light volumes. BSP and OSH finished the day unchanged as NBO and CCP closed in the red. IOC also fell 5.29 percent on the NYSE, likewise did NBPO in London closing at GBP3.50.
The local market is expected to open flat today with mixed leads form the international markets. In the pre-open phase of the market this morning has bids for BSP as high as K0.80. In currency our Kina is buying 0.4955 and selling 0.4485 Aussie today.
MOVERS
Yesterday’s movers on the local bourse 06/07/09:
CCP: -0.51%
Monday, July 6, 2009
POMSOX UPDATE
LOCAL STOCKS
On Friday saw the local bourse closed calm with trades going through for BSP at K0.85; NBO fell 3.22 percent to end at K17.10, as other finished unchanged. Overseas markets saw IOC concluded the week at US$29.67 reaching a high of US$30.80 as NBPO on the LSE ended at GBX350.00.
The local market is forecasted to maintain current trading levels as we move into the second half of the year, as most of the international indices closing weaker last week.
PNG NEWS
PNG Kina: Our local currency is buying 0.4957 Aussie and selling 0.4487 Aussie, while PGK is averaging 0.3753 US.
MOVERS
Movers last week Friday included NBO falling 3.22 percent.
On Friday saw the local bourse closed calm with trades going through for BSP at K0.85; NBO fell 3.22 percent to end at K17.10, as other finished unchanged. Overseas markets saw IOC concluded the week at US$29.67 reaching a high of US$30.80 as NBPO on the LSE ended at GBX350.00.
The local market is forecasted to maintain current trading levels as we move into the second half of the year, as most of the international indices closing weaker last week.
PNG NEWS
PNG Kina: Our local currency is buying 0.4957 Aussie and selling 0.4487 Aussie, while PGK is averaging 0.3753 US.
MOVERS
Movers last week Friday included NBO falling 3.22 percent.
Thursday, July 2, 2009
POMSoX Update
THURSDAY 2nd JULY 2009
LOCAL STOCKS
The Local bourse closed fairly flat on Wednesday as majority of the securities saw little to no trading at all. NBO was the highlight of the day as it turned around to finish 1.92% higher at K18.01 after falling to K17.67 the previous day. OSH continued to maintain its position at the K11.60 mark regardless of the fall in the oil price from US$71.47 to US$69.82 on the world market yesterday. BSP continues to trade at K0.85 while LGL remains steady at K6.40.
PNG NEWS
The KSi was up yesterday by 5.37 pts or 1.00% to close at 5,206.67 due to NBO turning the tide to finish 34toea higher at K18.01.
MOVERS
Wednesday’s movers on the local market 01/07/09:
NBO: 1.92%
LOCAL STOCKS
The Local bourse closed fairly flat on Wednesday as majority of the securities saw little to no trading at all. NBO was the highlight of the day as it turned around to finish 1.92% higher at K18.01 after falling to K17.67 the previous day. OSH continued to maintain its position at the K11.60 mark regardless of the fall in the oil price from US$71.47 to US$69.82 on the world market yesterday. BSP continues to trade at K0.85 while LGL remains steady at K6.40.
PNG NEWS
The KSi was up yesterday by 5.37 pts or 1.00% to close at 5,206.67 due to NBO turning the tide to finish 34toea higher at K18.01.
MOVERS
Wednesday’s movers on the local market 01/07/09:
NBO: 1.92%
Wednesday, July 1, 2009
POMSoX Update
WEDNESDAY 1st JULY 2009
LOCAL STOCKS
Tuesday, saw the market finish active with BSP continuing to register trades at K0.85; HIG closed steady at K0.26 with a reasonable turnover in volume. LGL closed at K6.40 while NBO lost ground by 0.33% to end its day at K17.67. Otherwise, all other securities closed unchanged.
The pre-opening phase of the market today has offers for CCP at K1.94 and CPL at K2.47.
PNG NEWS
KAM: Locally listed investment firm Kina Asset Management is currently looking to diversify their investments on both the domestic and international fronts. Sir Rabbie Namaliu announced this at the start of their long term investment strategy. Sir Rabbie mentioned that there were some opportunities which they were currently looking at in the global markets as well as locally and would be acting upon recommendations regarding these.
MOVERS
Yesterday’s movers on the local exchange 30/06/09:
CGA: -0.10%
NBO: -0.33%
LOCAL STOCKS
Tuesday, saw the market finish active with BSP continuing to register trades at K0.85; HIG closed steady at K0.26 with a reasonable turnover in volume. LGL closed at K6.40 while NBO lost ground by 0.33% to end its day at K17.67. Otherwise, all other securities closed unchanged.
The pre-opening phase of the market today has offers for CCP at K1.94 and CPL at K2.47.
PNG NEWS
KAM: Locally listed investment firm Kina Asset Management is currently looking to diversify their investments on both the domestic and international fronts. Sir Rabbie Namaliu announced this at the start of their long term investment strategy. Sir Rabbie mentioned that there were some opportunities which they were currently looking at in the global markets as well as locally and would be acting upon recommendations regarding these.
MOVERS
Yesterday’s movers on the local exchange 30/06/09:
CGA: -0.10%
NBO: -0.33%
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