LOCAL STOCKS
The local market finished relatively active on Friday; BSP closed the day higher after opening the day lower at K0.82 with reasonable volumes changing hands. CGA fell 1.42 percent to finish at K0.69 as LGL closed unchanged. While in overseas saw NBPO in LSE concluded the day stronger at GBP3.61.
Outlook today looks positive as the global economy had its longest slump since Great Depression. But growth, albeit small, may return as soon as the third quarter as analysts predict.
MOVERS
Last Friday’s movers on the local bourse 24/07/09:
BSP: 1.20%
CGA: -1.42%
OSH: 1.36%
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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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