LOCAL STOCKS
The local bourse ended on a calm note with light volumes changing hands, NBO and OSH gained territory closing at K17.90 and K12.00 respectively. While KAM finished unchanged at K1.15; with the release of the University of Michigan’s consumer sentiment survey weakened the major indices overseas.
The market is expected to open lower with negative leads offshore, BSP has sellers lined up at K0.81 while bids for MGO are at a high K0.24.
PNG NEWS
CPL: City Pharmacy Limited yesterday reported that Mr. Mahesh Patel has been appointed as the new Executive Chairman after the untimely death of Mr. Allan Jarvis earlier this year.
In currency news, kina is buying 0.4719 and 0.4272 Aussie.
MOVERS
Yesterday’s movers on the local bourse 17/08/09:
BSP: 1.25%
NBO: 8.09%
OSH: 8.01%
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