LOCAL STOCKS
Yesterday, saw the resources drive the markets up rebounding from a sharp fall in the equities market with better results from the retailers. While the local market performed weaker declining 2.23 percent to 5,039.54 riding on negative leads from overseas. The highlights of the day included NBO advancing 10.8 percent.
The market may open higher after the energy companies paced ahead on the news that oil inventories declined. The pre-open phase of the market has bids for MGO at K0.25.
PNG NEWS
In currency news, our Kina is buying 0.4638 and selling 0.4198 Aussie weakened by a stronger greenback.
MOVERS
Yesterdays’ gainers and losers on the market 19/08/09:
CCP: 0.53%
MGO: -3.84%
NBO: 10.78%
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- BSP Capital is the leading stock broker and fund manager in Papua New Guinea. This site is designed to offer open discussion and market information. Nothing on this site should be thought of as investment advice. There are risks to investing and not all risks are explained here. Always speak with an adviser before investing. www.bsp-capital.com
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