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%