LOCAL STOCKS
The local bourse finished calm with modest volumes changing hands; The KSi added 7.84 points to 4,860.29 on the back of stronger commodity prices. BSP ended unchanged as CPL slid 0.80 percent to K2.45 while OSH added 5 toeas before close.
The market is expected to continue upwards riding again on positive leads from the international indices. Offers for BSP are lined up at K0.83 while buyers for BSP are queued at K16.60.
PNG NEWS
In Corporate news, MGO released its quarterly activities report stressing a cash balance of A$5.09 million and also reporting metallurgical tests confirming a high quality, low impurity copper sulphide concentrate.
MOVERS
Yesterday’s movers on the local bourse 03/08/09:
CPL: -0.80%
OSH: 0.45%
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