LOCAL STOCKS
Yesterday saw the local index closed lower, down by 148.45 points or 2.86 percent to 5,039.10; CCP lost 1.05 percent at K1.88 as CPL gained 1.63 percent to end at K2.49. OSH ended weaker on the back of weaker oil prices likewise IOC on the NYSE $27.18 loosing 1.08 percent.
Most of the markets again skidded after the market awaited the Federal Reserves latest decisions on its guidance and monetary policy on the outlook for recovery. The market may open in the red with negative leads from overseas.
PNG NEWS
The local currency is buying 0.4694 and selling 0.4249 Aussie today remaining steady as the global economy remains cautious towards market.
MOVERS
Thursday’s movers on the local bourse 11/10/09:
CCP: -1.05%
CPL: 1.63%
OSH: -7.43%
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