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%