POMSoX UPDATE

LOCAL STOCKS

Generally, the market closed quite active, with trading on the local market saw BSP closed 3.65 percent higher at K0.85 as NBO ended the week at K16.55 on light volumes, while on the downside was HIG closing weaker by 3.84 percent. Overseas had IOC finished stronger, up 0.64 percent to US$29.79.

The market is expected to open a little higher after the markets finished in the green last week. Pre-open phase of the market today has CGA as low as K0.70 and CPL sellers are lined up at K2.47.

PNG NEWS
Kina is buying 0.4902 Aussie while selling 0.4437, and Kina/USD is trading at 0.3562

MOVERS
Friday’s movers on the local bourse 17/07/09:
BSP: 3.65%
HIG: -3.84%
NBO: 0.24%