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%