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%