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%