LOCAL STOCKS
The local bourse closed reasonably active yesterday on modest gains riding on positive news from overseas. LGL and OSH ended the day stronger at K6.00 and K11.20 respectively as the financials finished weaker due to a strong supply.
Local market may start flat this morning despite the gains on markets; the opening phase of the market today has CPL offers at K2.47 and LGL at K2.49.
PNG NEWS
LGL: Lihir Gold Ltd (LGL) is to initiate the sale of the Ballarat gold mine in Victoria after completing a review of the project over recent months.
OSH: STRONG production and a higher oil price have allowed Papua New Guinea-focused Oil Search to post operating revenue of $US116.6 million for the quarter ending June 30, 2009.
MOVERS
Tuesday’s movers on the local share market 21/07/09:
BSP: -1.17%
CCP: -1.04%
LGL: 1.69%
MSC: 50.00%
OSH: 1.81%
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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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