LOCAL STOCKS
Trading on the Port Moresby share market closed lower yesterday with the KSi finishing weaker by 11.45% to 5,116.42. The major drag of the day was Bank South Pacific closing lower at K0.82 losing 1.2%. Light volumes were also seen with Credit Corp and Airlines PNG. Junior Miner Marengo Mining provided the only support to the market gaining 4% to close the day at K0.26.
Otherwise, trading on the local bourse is expected to open mixed; with much speculation on the international markets concerning data pointing to a slow recovery.
MOVERS
Yesterday’s movers on the local bourse 06/08/09:
BSP: -1.20%
MGO: 4.00%
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