Monday, July 27, 2009

POMSoX UPDATE

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%