LOCAL STOCKS
Yesterday had the market finished flat with trades for BSP registering at K0.80 while OSH fell 1.65 percent with a reasonable volume. The newly listed stock New Guinea Islands Produce Company Ltd trading under ticker NAG also witnessed trades at K1.95.
This morning in the pre-open phase of the market has bids for OSH at K11.21 while offers for LGL are queued up at K6.25. The market may be off to a slow start today. PGK is buying 0.4577 and selling at 0.4143 aussie.
PNG NEWS
MGO: Marengo Mining reported yesterday that the company aims to distribute ordinary shares at C$0.086 in Canada to raise capital to fund the DFS at Yandera.
NGIP: New Guinea Islands Produce Company Limited yesterday listed on the local bourse trading under the ticker symbol NAG; a premier company in processing cocoa, and also exporting premium cocoa directly to manufacturing companies in US, Europe and Asia.
OSH: Oil search Limited yesterday reported that its profit dropped 73 percent: NPAT of US$35.6 million. Result was largely driven by lower oil prices.
MOVERS
Tuesday’s movers on the share market 25/08/09:
BSP: 0.84%
OSH: -1.65%
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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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