LOCAL STOCKS
The market gained 145 points to close at 5000.59; CCP fell 0.52 percent to end the day at K1.89 likewise did MGO and LGL at K0.26 and K5.69 respectively. Overseas last night had NBPO ended at GBP3.60 while IOC on the NYSE finished up at US$28.13.
The market is expected to maintain its rally on reviews that the financial meltdown and the downturn is easing. Sellers for BSP still remains at K0.84 while offers for CGA are at a low K0.69.
PNG NEWS
In company news, LGL released to the market its Q2 results for 2009 highlighting a Quarterly production of 294,000 oz, taking half year production to a record 612,000 ounce.
MOVERS:
Thursday’s movers on the local bourse 30/07/09:
CCP: -0.52%
LGL: -5.00%
MGO: -3.70%
NGE: 18.75%
OSH: -3.91%
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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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