LOCAL STOCKS
The local bourse closed active with BSP closing 2.50 percent weaker as HIG jumped 24.13 percent with trades registering at K0.36; and OSH finished steady at K15.00. The KSi fell 17.86 points to 8,105.08 points.
In Commodities, oil closed down 10 cents to US$66.61 per barrel while the precious metal ended marginally higher at US$994.00 per ounce
Sellers for BSP are lined up at K0.79 as offers for CCP and CPL are at a low K1.85 and K2.50 respectively. The kina this morning is buying 0.4400 and selling 0.3983 aussie.
MOVERS
Yesterday’s movers on the local bourse 29/09/09:
BSP: -2.50%
HIG: 24.13%
Wednesday, September 30, 2009
Tuesday, September 29, 2009
POMSoX UPDATE
TUESDAY 29th SEPTEMBER 2009
LOCAL STOCKS
Reasonable volumes changed hands for BSP at K0.80 as bids closed the day at a high K0.78; OSH also climbed 7.14 percent closing the day at K15.00 despite the commodity ending weaker in the markets. NBPO finished steady last night on the LSE at GBP3.90. KSi yesterday posted 3.02 percent gain to close at 5, 758.66.
The market today has sellers available at K5.75 while NGP offers are at a low K1.80. The Kina is buying 0.4394 and selling 0.3977 aussie.
PNG NEWS
COY: CopperMoly yesterday announced that the Shortfall from issue raises $1,515,245 to prepare for Nakru drilling programme.
CUE: Cue Energy resources also released its annual results for 2008.
MOVERS
Yesterday’s movers on the local bourse 28/09/09:
BSP: 1.26%
OSH: 7.14%
LOCAL STOCKS
Reasonable volumes changed hands for BSP at K0.80 as bids closed the day at a high K0.78; OSH also climbed 7.14 percent closing the day at K15.00 despite the commodity ending weaker in the markets. NBPO finished steady last night on the LSE at GBP3.90. KSi yesterday posted 3.02 percent gain to close at 5, 758.66.
The market today has sellers available at K5.75 while NGP offers are at a low K1.80. The Kina is buying 0.4394 and selling 0.3977 aussie.
PNG NEWS
COY: CopperMoly yesterday announced that the Shortfall from issue raises $1,515,245 to prepare for Nakru drilling programme.
CUE: Cue Energy resources also released its annual results for 2008.
MOVERS
Yesterday’s movers on the local bourse 28/09/09:
BSP: 1.26%
OSH: 7.14%
Monday, September 28, 2009
POMSoX UPDATE
LOCAL STOCKS
Last Friday saw BSP slid 1.25 percent with reasonable volumes while CPL ended marginally higher to K2.50; and buyers for HIG closed at K0.36. NBO on the local bourse closed unchanged while in London it gained 1.96 percent to GBP3.90.
This morning has bids for NGE as high as K0.50 while OSH bidders are queued up at a high K14.00 in the pre-open phase of the market. The kina is buying 0.4423 and selling 0.4003 aussie this morning.
MOVERS
Last Friday’s Movers 25/09/09:
BSP: -1.25%
CPL: 0.40%
KAM: 4.54%
OSH: -6.66%
Last Friday saw BSP slid 1.25 percent with reasonable volumes while CPL ended marginally higher to K2.50; and buyers for HIG closed at K0.36. NBO on the local bourse closed unchanged while in London it gained 1.96 percent to GBP3.90.
This morning has bids for NGE as high as K0.50 while OSH bidders are queued up at a high K14.00 in the pre-open phase of the market. The kina is buying 0.4423 and selling 0.4003 aussie this morning.
MOVERS
Last Friday’s Movers 25/09/09:
BSP: -1.25%
CPL: 0.40%
KAM: 4.54%
OSH: -6.66%
Friday, September 25, 2009
POMSoX UPDATE
LOCAL STOCKS
Market closed active with trades for BSP rose 1.26 percent to end at K0.80 on reasonable volumes; while LGL climbed 4.00 percent likewise OSH jumped nearly 15 percent to conclude trading at K15.00. The KSi advanced 7.18 percent to 5,758.36 yesterday.
This morning due to a positive sentiment the market may continue to maintain previous levels. Our Kina is buying 0.4430 and selling at 0.4010 aussie.
PNG NEWS
CCP: Credit Corporation Limited announced its 1H 2009 report highlighting a 21 percent increase in its operating profit of K15.353 million and also the appointment of Mr. John Dunlop as one of the directors.
MGO: Marengo Mining yesterday reported that drilling commenced at its Kombruku prospect in Yandera.
MOVERS
Thursday’s movers on the local market 24/09/09:
BSP: 1.26%
CCP: -1.06%
LGL: 4.00%
NBO: 2.70%
OSH: 14.94%
Market closed active with trades for BSP rose 1.26 percent to end at K0.80 on reasonable volumes; while LGL climbed 4.00 percent likewise OSH jumped nearly 15 percent to conclude trading at K15.00. The KSi advanced 7.18 percent to 5,758.36 yesterday.
This morning due to a positive sentiment the market may continue to maintain previous levels. Our Kina is buying 0.4430 and selling at 0.4010 aussie.
PNG NEWS
CCP: Credit Corporation Limited announced its 1H 2009 report highlighting a 21 percent increase in its operating profit of K15.353 million and also the appointment of Mr. John Dunlop as one of the directors.
MGO: Marengo Mining yesterday reported that drilling commenced at its Kombruku prospect in Yandera.
MOVERS
Thursday’s movers on the local market 24/09/09:
BSP: 1.26%
CCP: -1.06%
LGL: 4.00%
NBO: 2.70%
OSH: 14.94%
Wednesday, September 23, 2009
POMSoX UPDATE
LOCAL STOCKS
Tuesday, saw the bourse ended relatively active with trades for CCP registering at K1.87 on light volumes; while NBO finished at K18.50 reaching a high of K19.00 for the day. IOC jumped 3.20 percent to US$40.03 on NYSE.
Pre-open phase of the market has offers for BSP at K0.79 while sellers for OSH are at a low K14.49.
MOVERS
Yesterday’s movers on the bourse 22/09/09:
CCP: -0.53%
NBO: -2.63%
OSH: 0.23%
Tuesday, saw the bourse ended relatively active with trades for CCP registering at K1.87 on light volumes; while NBO finished at K18.50 reaching a high of K19.00 for the day. IOC jumped 3.20 percent to US$40.03 on NYSE.
Pre-open phase of the market has offers for BSP at K0.79 while sellers for OSH are at a low K14.49.
MOVERS
Yesterday’s movers on the bourse 22/09/09:
CCP: -0.53%
NBO: -2.63%
OSH: 0.23%
Tuesday, September 22, 2009
POMSoX UPDATE
LOCAL STOCKS
The KSi closed high with 14.70 points to 5,436.54 yesterday; with BSP and CGA ending on the upside while KAM fell 4.34 percent and OSH finished marginally flat at K13.02. IOC fell 6.98 percent to US$38.79 reaching a high of US$40.19.
Today the market may open flat with mixed leads from overseas markets but momentum may gradually rise as we progress during the week.
PNG NEWS
CGA: Airlines of PNG have released a press release yesterday highlight their intention to apply for traffic rights to Asia.
MOVERS
Mondays’ risers and fallers on the local share market 21/09/09:
BSP: 1.28%
CGA: 8.33%
KAM: -4.34%
OSH: 0.07%
The KSi closed high with 14.70 points to 5,436.54 yesterday; with BSP and CGA ending on the upside while KAM fell 4.34 percent and OSH finished marginally flat at K13.02. IOC fell 6.98 percent to US$38.79 reaching a high of US$40.19.
Today the market may open flat with mixed leads from overseas markets but momentum may gradually rise as we progress during the week.
PNG NEWS
CGA: Airlines of PNG have released a press release yesterday highlight their intention to apply for traffic rights to Asia.
MOVERS
Mondays’ risers and fallers on the local share market 21/09/09:
BSP: 1.28%
CGA: 8.33%
KAM: -4.34%
OSH: 0.07%
Monday, September 21, 2009
POMSoX UPDATE
LOCAL STOCKS
Friday saw the local bourse closed calm with NBO and BSP registering trades at K19.00 and K0.78 respectively. Sellers for KAM ended the day at K1.10; our broader KSi advanced 1.54 percent to conclude trading for the week at at 5,421.84.
The market may open higher today after positive leads from overseas markets; Our Kina is buying and selling at 0.4419 and 0.4000 Aussie.
PNG NEWS
OSH: Oil Search Limited released its drilling report on its assets in Lybia and Yemen.
MOVERS
Last Friday’s movers on the local bourse 18/09/09:
BSP: -1.26%
NBO: 11.69%
OSH: 3.17%
Friday saw the local bourse closed calm with NBO and BSP registering trades at K19.00 and K0.78 respectively. Sellers for KAM ended the day at K1.10; our broader KSi advanced 1.54 percent to conclude trading for the week at at 5,421.84.
The market may open higher today after positive leads from overseas markets; Our Kina is buying and selling at 0.4419 and 0.4000 Aussie.
PNG NEWS
OSH: Oil Search Limited released its drilling report on its assets in Lybia and Yemen.
MOVERS
Last Friday’s movers on the local bourse 18/09/09:
BSP: -1.26%
NBO: 11.69%
OSH: 3.17%
Friday, September 18, 2009
POMSoX UPDATE
LOCAL STOCKS
Trading activity was relatively quiet , with only a few trades go through for BSP at K0.79. OSH ended slightly higher adding 10 toeas to K12.61; While CGA and LGL closed unchanged. The KSi posted 28 points to finish higher at 5,339.50.
Today in the pre-open phase of the market had buyers queued up at K0.75 for BSP while a reasonable volume is available at K0.80.
PNG NEWS
CUE: Cue energy Resources limited yesterday released to the market an announcement on the appointment of Andrew Knox as the company’s director.
MOVERS
Thursday’s movers on the local bourse 17/09/09:
BSP: 1.28%
OSH: 0.79%
Trading activity was relatively quiet , with only a few trades go through for BSP at K0.79. OSH ended slightly higher adding 10 toeas to K12.61; While CGA and LGL closed unchanged. The KSi posted 28 points to finish higher at 5,339.50.
Today in the pre-open phase of the market had buyers queued up at K0.75 for BSP while a reasonable volume is available at K0.80.
PNG NEWS
CUE: Cue energy Resources limited yesterday released to the market an announcement on the appointment of Andrew Knox as the company’s director.
MOVERS
Thursday’s movers on the local bourse 17/09/09:
BSP: 1.28%
OSH: 0.79%
Tuesday, September 15, 2009
POMSoX UPDATE
LOCAL STOCKS
Trading on the local bourse was quiet with only NBO and OSH seeing trades at K19.00 and K12.70 respectively. Thus the KSi added 31.60 pts to end the day at 5,285.76; IOC fell 1.19 percent on the NYSE to US$29.80 while NBPO in London ended at GBP4.10 which is equivalent to K19.65 on the local market.
Trading momentum still remains steady with bids for BSP are lined up at K0.79 and sellers fro OSH are lined up at K14.50. Kina is opening the day at 0.4434 and selling at K0.4013;
PNG NEWS
The local bourse will not open tomorrow due to our 34th independence celebrations.
MOVERS
Yesterday’s movers on the local bourse 14/09/09:
NBO: 11.76%
Trading on the local bourse was quiet with only NBO and OSH seeing trades at K19.00 and K12.70 respectively. Thus the KSi added 31.60 pts to end the day at 5,285.76; IOC fell 1.19 percent on the NYSE to US$29.80 while NBPO in London ended at GBP4.10 which is equivalent to K19.65 on the local market.
Trading momentum still remains steady with bids for BSP are lined up at K0.79 and sellers fro OSH are lined up at K14.50. Kina is opening the day at 0.4434 and selling at K0.4013;
PNG NEWS
The local bourse will not open tomorrow due to our 34th independence celebrations.
MOVERS
Yesterday’s movers on the local bourse 14/09/09:
NBO: 11.76%
Friday, September 11, 2009
POMSoX UPDATE
LOCAL STOCKS
Trading on the local bourse ended relatively active with trades for BSP registering at K0.80 while NBO witnessed stocks changing hands at K17.00; in resources OSH and LGL conclude unchanged at K12.70 and K5.90 respectively. Resulting in the KSi adding 28 points to 5,275.00.
The market is expected to open higher today with offers for BSP steady at K0.80 and LGL at K6.24. The kina is buying 0.4411 and selling 0.3993 aussie.
PNG NEWS
COY: Coppermoly released a report regarding its entitlements issue raising $535,137.
CUE: CUE Energy gave an update on its drilling in Spikey Beach 1- “Spikey Beach-1 (Beach earning 80% in Spikey Beach Farmout Blocks) spudded on 5th September and is currently at a depth of 816m. Current operation is installing 13 3/8” casing”.
MOVERS
Yesterday’s movers on the bourse 10/09/09:
BSP: -1.26%
NBO: 6.18%
NBO: 6.18%
Trading on the local bourse ended relatively active with trades for BSP registering at K0.80 while NBO witnessed stocks changing hands at K17.00; in resources OSH and LGL conclude unchanged at K12.70 and K5.90 respectively. Resulting in the KSi adding 28 points to 5,275.00.
The market is expected to open higher today with offers for BSP steady at K0.80 and LGL at K6.24. The kina is buying 0.4411 and selling 0.3993 aussie.
PNG NEWS
COY: Coppermoly released a report regarding its entitlements issue raising $535,137.
CUE: CUE Energy gave an update on its drilling in Spikey Beach 1- “Spikey Beach-1 (Beach earning 80% in Spikey Beach Farmout Blocks) spudded on 5th September and is currently at a depth of 816m. Current operation is installing 13 3/8” casing”.
MOVERS
Yesterday’s movers on the bourse 10/09/09:
BSP: -1.26%
NBO: 6.18%
NBO: 6.18%
Thursday, September 10, 2009
POMSoX UPDATE
LOCAL STOCKS
Trading yesterday on the local bourse ended on a relatively calm note with BSP finishing steady at K0.79 as OSH advanced 3.25 percent to close at K12.70 with a reasonable volume. While NGP closed weaker at K1.84.
The market today may improve as reports are being released showing signs of economic stability. in currency news PGK is buying 0.4415 while the sell rate for Aussie today is 0.3997.
PNG NEWS
CPL: City Pharmacy Limited yesterday reported to the market their 1H results ending 30th June 2009. The results were steady in comparison to the previous corresponding period in 2008; revenues was up 1 percent while the net operating profit was down 25 percent to K2.687 million.
MOVERS
Risers and fallers yesterday on the local share market 09/09/09:
NGP: -0.54%
OSH: 3.25%
Trading yesterday on the local bourse ended on a relatively calm note with BSP finishing steady at K0.79 as OSH advanced 3.25 percent to close at K12.70 with a reasonable volume. While NGP closed weaker at K1.84.
The market today may improve as reports are being released showing signs of economic stability. in currency news PGK is buying 0.4415 while the sell rate for Aussie today is 0.3997.
PNG NEWS
CPL: City Pharmacy Limited yesterday reported to the market their 1H results ending 30th June 2009. The results were steady in comparison to the previous corresponding period in 2008; revenues was up 1 percent while the net operating profit was down 25 percent to K2.687 million.
MOVERS
Risers and fallers yesterday on the local share market 09/09/09:
NGP: -0.54%
OSH: 3.25%
Tuesday, September 8, 2009
POMSoX UPDATE
LOCAL STOCKS
The local market finished on a calm note yesterday with BSP ending stronger at K0.78 while NBO slid 8.52 percent as it concluded trading at GBP3.82; OSH also tracked equities in Aussie closing higher at K12.30.
Trading on the local bourse may open flat and gradually rise riding on announcements from the trading companies;
The kina is buying 0.4451 and selling 0.4029 Aussie this morning.
PNG NEWS
BSP: the bank reported yesterday announcing its 1H 2009 report for the financial period highlighting a consolidated operating profit of K190.47 million for the half year, a slight increase on the consolidated operating profit of K185.83 recorded for the same year.
HIG: Highlands also released its half year accounts registering a Highlands Pacific Limited has today released its interim financial report for the half-year ended 30 June 2009. The result is a net operating profit of US$3.3 million.
The profit is attributable in large part to the gain on the sale of exploration licence 1277 to Barrick Gold Corporation (a transaction first signed in December 2007) and the gain on the sale of surplus properties in Madang, PNG.
OSH: Oil Search (Iraq) Ltd reports that the Shakal-1 exploration well in the Kurdistan Region of Iraq has reached its total depth of 3,037 meters. The well commenced drilling in October 2008.
MOVERS
Yesterdays’ movers on the local bourse 07/09/09:
BSP : 1.29%
NBO: -8.52%
OSH: 2.50%
The local market finished on a calm note yesterday with BSP ending stronger at K0.78 while NBO slid 8.52 percent as it concluded trading at GBP3.82; OSH also tracked equities in Aussie closing higher at K12.30.
Trading on the local bourse may open flat and gradually rise riding on announcements from the trading companies;
The kina is buying 0.4451 and selling 0.4029 Aussie this morning.
PNG NEWS
BSP: the bank reported yesterday announcing its 1H 2009 report for the financial period highlighting a consolidated operating profit of K190.47 million for the half year, a slight increase on the consolidated operating profit of K185.83 recorded for the same year.
HIG: Highlands also released its half year accounts registering a Highlands Pacific Limited has today released its interim financial report for the half-year ended 30 June 2009. The result is a net operating profit of US$3.3 million.
The profit is attributable in large part to the gain on the sale of exploration licence 1277 to Barrick Gold Corporation (a transaction first signed in December 2007) and the gain on the sale of surplus properties in Madang, PNG.
OSH: Oil Search (Iraq) Ltd reports that the Shakal-1 exploration well in the Kurdistan Region of Iraq has reached its total depth of 3,037 meters. The well commenced drilling in October 2008.
MOVERS
Yesterdays’ movers on the local bourse 07/09/09:
BSP : 1.29%
NBO: -8.52%
OSH: 2.50%
Monday, September 7, 2009
POMSoX UPDATE
LOCAL STOCKS
Last Friday saw the market closed relatively active with OSH 40 toeas to close at K12.00 on light volumes. While BSP and CGA lost 1.28 and 4.41 percent respectively. Leading the KSi to finish slightly higher adding 50.02 points to 5,129.17.
Trading today may open flat with bids for BSP at a low K0.77 while bids for CPL are queued up at K2.49. The kina this morning is buying 0.4472 and selling 0.4048 Aussie.
MOVERS
Friday’s movers on the local bourse 04/09/09:
BSP: -1.28%
CGA: -4.41%
OSH: 3.44%
Last Friday saw the market closed relatively active with OSH 40 toeas to close at K12.00 on light volumes. While BSP and CGA lost 1.28 and 4.41 percent respectively. Leading the KSi to finish slightly higher adding 50.02 points to 5,129.17.
Trading today may open flat with bids for BSP at a low K0.77 while bids for CPL are queued up at K2.49. The kina this morning is buying 0.4472 and selling 0.4048 Aussie.
MOVERS
Friday’s movers on the local bourse 04/09/09:
BSP: -1.28%
CGA: -4.41%
OSH: 3.44%
Friday, September 4, 2009
POMSoX UPDATE
LOCAL STOCKS
Nothing much happened on the bourse yesterday with BSP sliding 1.26 percent to close at 0.78; on the upside was OSH ending 3 percent higher finishing at K11.60. While MGO in the ASX jumped almost 80 percent concluding the day at A$0.185. The KSi closed slightly higher adding 35 points to 5,079.15.
Sellers for BSP are lined at a low K0.78 while shares for NBO are available at K17.00. The kina is buying 0.4536 and selling 0.4106 Aussie today. The momentum may slowly pick up as we progress through the day.
MOVERS
Thursday’s movers on the local bourse 03/09/09:
BSP: -1.26%
NBO: -2.85%
OSH: 3.01%
Nothing much happened on the bourse yesterday with BSP sliding 1.26 percent to close at 0.78; on the upside was OSH ending 3 percent higher finishing at K11.60. While MGO in the ASX jumped almost 80 percent concluding the day at A$0.185. The KSi closed slightly higher adding 35 points to 5,079.15.
Sellers for BSP are lined at a low K0.78 while shares for NBO are available at K17.00. The kina is buying 0.4536 and selling 0.4106 Aussie today. The momentum may slowly pick up as we progress through the day.
MOVERS
Thursday’s movers on the local bourse 03/09/09:
BSP: -1.26%
NBO: -2.85%
OSH: 3.01%
Thursday, September 3, 2009
POMSoX UPDATE
LOCAL STOCKS
The market closed fairly calm yesterday with OSH ending in negative territory seeing trades at K11.26 while LGL and NBO closed on the upside. BSP again due to a large supply finished steady at K0.79 thus dragging the KSi down 152.49 points to end at 5,045.59.
The slide in the markets may be extended on the back of negative leads from overseas markets. The local market this morning has buyers for LGL at a high K5.90 and bids for NGP queued at K1.90. In currency news, kina is buying 0.4566 and selling 0.4133 Aussie today.
MOVERS
Yesterday’s movers on the local share market 02/09/09:
LGL: 3.50%
NBO: 2.94%
OSH: -10.63%
The market closed fairly calm yesterday with OSH ending in negative territory seeing trades at K11.26 while LGL and NBO closed on the upside. BSP again due to a large supply finished steady at K0.79 thus dragging the KSi down 152.49 points to end at 5,045.59.
The slide in the markets may be extended on the back of negative leads from overseas markets. The local market this morning has buyers for LGL at a high K5.90 and bids for NGP queued at K1.90. In currency news, kina is buying 0.4566 and selling 0.4133 Aussie today.
MOVERS
Yesterday’s movers on the local share market 02/09/09:
LGL: 3.50%
NBO: 2.94%
OSH: -10.63%
Tuesday, September 1, 2009
POMSoX UPDATE
LOCAL STOCKS
The Port Moresby Share market closed lower yesterday with relatively quiet trading on the bourse. Shares with CCP were slightly up 0.53% ending the day at K1.88 whilst the major drag on the market was BSP losing 1.29% closing the day at K0.80. The bank shares saw trades cross at a high K0.80 and a low of K0.79.
The broader KSI lost 11.55 points or 0.22 percent to close at 5, 335.95 yesterday. The PGK today is buying the AUD at K0.4526 & selling at K0.4097.
PNG NEWS
Credit Corporation paid a dividend of 5 toea per share on the 28 August 2009.
MOVERS
Monday’s movers on the local bourse 31/08/09;
BSP: -1.25%
CCP: 0.53%
The Port Moresby Share market closed lower yesterday with relatively quiet trading on the bourse. Shares with CCP were slightly up 0.53% ending the day at K1.88 whilst the major drag on the market was BSP losing 1.29% closing the day at K0.80. The bank shares saw trades cross at a high K0.80 and a low of K0.79.
The broader KSI lost 11.55 points or 0.22 percent to close at 5, 335.95 yesterday. The PGK today is buying the AUD at K0.4526 & selling at K0.4097.
PNG NEWS
Credit Corporation paid a dividend of 5 toea per share on the 28 August 2009.
MOVERS
Monday’s movers on the local bourse 31/08/09;
BSP: -1.25%
CCP: 0.53%
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