POMSoX UPDATE

LOCAL STOCKS

Yesterday saw the local KSi surge 3.64 percent to 5,280.79 following optimistic reports on housing data in the overseas markets. BSP ended higher at K0.81 with modest volumes as OSH jumped almost 9.5 percent to finish the day at K12.70 . IOC in the states finished at US$31.84 while our cross listed NBPO concluded trading at GBP3.90 in London.

Trading on the local markets this morning should open higher with positive sentiment from overseas; BSP offers still remain at K0.80 while LGL shares are at a low K5.90. Our Kina is buying at 0.4571 and selling at 0.4138 Aussie today.

PNG NEWS
In commodities, Gold fell$US11.00 to US$oz943.70, as copper closed higher at $USlb2.915 likewise oil posting 0.50 cents gain to US$74.37

MOVERS
Yesterday’s risers and fallers on the bourse 24/08/09:
BSP: 2.53%
LGL: -0.33%
NBO: -2.29%
OSH: 9.48%