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%