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%
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Stock market and company news from Papua New Guinea
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- BSP Capital
- 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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