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%
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