LOCAL STOCKS
The KSi added 149.01 points yesterday to 5,204.06 riding on better performance of oversea stocks; highlights of the day was LGL and OSH ending in positive territory again supported by commodity prices tracking equity markets; while on the downside was BSP losing 1.21 percent finishing at K 0.81.
The market is expected to open higher following positive leads from the global markets; commodities may also provide some support, too. BSP has offers at K0.81 while LGL sellers are lined up at K6.00.
PNG NEWS
In currency news kina is buying 0.4619 and selling 0.4182 Aussie today. In commodities all the base metals closed higher with oil and gold ending at US$70.95 and US$956.50 respectively.
MOVERS:
Yesterday’s movers on the local market 13/08/09:
BSP: -1.21%
LGL: 1.35%
OSH: 0.45%
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