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%
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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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