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%
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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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