LOCAL STOCKS
The local KSi finished flat on Friday as the market ended the week on a calm note with CPL being the only mover on the local bourse closing slightly higher to end at K2.52. IOC slid on the NYSE to finish above the US$50 level with a day’s high of US$52.50.
Resources had gold finished lower on the back of stronger US dollar performance against most of the major currencies. Likewise oil finished weaker by 65 cents to US$81.19 per barrel.
This morning has bids for CPL at a high K2.52 while sellers for LGL are at a low K8.00, and is expected to pick up momentum as the day ends.
PNG NEWS
NBO: New Britain Palm oil announced on Friday to pay an interim dividend of K0.31 on the 16th November the record date is on the 30th October 2009.
MOVERS
Last Friday’s movers on the local market 23/10/09:
CPL: 0.39%
Monday, October 26, 2009
Thursday, October 22, 2009
POMSoX UPDATE
LOCAL STOCKS
Wednesday had the local share market closed slightly higher with the KSi adding 4 points to finish at 6749. CCP rose 5 percent to end at K1.87 with a reasonable volume, while others finished unchanged. IOC in the NYSE continued surge last night finishing 1.9 percent stronger at US$52.76.
On the resources front gold posted a 6 dollar gain to end at US$1065 per ounce while oil climbed 2.26 percent to close at US$80.91 per barrel.
The market in the pre-open phase of the market has offers available at K2.55 and bidders are as high as K16.00 for OSH. Our kina is buying 0.4251 and selling 0.3848 aussie opening weaker this morning.
MOVERS
Mid week movers on the bourse 21/10/09:
CCP: 5.05%
Wednesday had the local share market closed slightly higher with the KSi adding 4 points to finish at 6749. CCP rose 5 percent to end at K1.87 with a reasonable volume, while others finished unchanged. IOC in the NYSE continued surge last night finishing 1.9 percent stronger at US$52.76.
On the resources front gold posted a 6 dollar gain to end at US$1065 per ounce while oil climbed 2.26 percent to close at US$80.91 per barrel.
The market in the pre-open phase of the market has offers available at K2.55 and bidders are as high as K16.00 for OSH. Our kina is buying 0.4251 and selling 0.3848 aussie opening weaker this morning.
MOVERS
Mid week movers on the bourse 21/10/09:
CCP: 5.05%
Friday, October 16, 2009
POMSoX UPDATE
LOCAL STOCKS
Thursday had the market finish quite steady with the KSi advancing 4 percent to 6,740points. BSP slid losing a percent to close at K0.75 while the resource components HIG and LGL rose on surging commodity prices. And OSH fell nearly 6 percent to K16.00.
In Commodities saw gold dropped US$14.00 to close at US$1051 per ounce as oil closed stronger at US$77.77 per barrel.
The local index may still continue to remain steady today tracking the international markets and on the back of a stable local economy. The kina this morning is buying 0.4274 and selling 0.3869 aussie.
MOVERS
Thursday’s movers on the market 15/10/09:
BSP: -1.31%
HIG: 18.18%
LGL: 20.00%
OSH: -5.88%
Thursday had the market finish quite steady with the KSi advancing 4 percent to 6,740points. BSP slid losing a percent to close at K0.75 while the resource components HIG and LGL rose on surging commodity prices. And OSH fell nearly 6 percent to K16.00.
In Commodities saw gold dropped US$14.00 to close at US$1051 per ounce as oil closed stronger at US$77.77 per barrel.
The local index may still continue to remain steady today tracking the international markets and on the back of a stable local economy. The kina this morning is buying 0.4274 and selling 0.3869 aussie.
MOVERS
Thursday’s movers on the market 15/10/09:
BSP: -1.31%
HIG: 18.18%
LGL: 20.00%
OSH: -5.88%
Thursday, October 15, 2009
POMSoX UPDATE
LOCAL STOCKS
The KSi closed lower yesterday, down 59 points to 6,474.67 as CCP and OSH fell 0.55 and 2.85 percent respectively. BSP and KAM ended unchanged. While NBPO on the LSE finished twenty percent higher than previous at GBP3.70.
Gold closed at US$1065 per ounce while Oil rose 0.92 percent to end at US$75.80 per barrel.
Kina this morning is buying and selling aussie at 0.4304 and0.3896 respectively. The local bourse may track the international markets on positive news from the resources sector.
MOVERS
Markets mid week movers 14/10/09:
CCP: -0.55%
MGO: 108%
OSH: -2.85%
The KSi closed lower yesterday, down 59 points to 6,474.67 as CCP and OSH fell 0.55 and 2.85 percent respectively. BSP and KAM ended unchanged. While NBPO on the LSE finished twenty percent higher than previous at GBP3.70.
Gold closed at US$1065 per ounce while Oil rose 0.92 percent to end at US$75.80 per barrel.
Kina this morning is buying and selling aussie at 0.4304 and0.3896 respectively. The local bourse may track the international markets on positive news from the resources sector.
MOVERS
Markets mid week movers 14/10/09:
CCP: -0.55%
MGO: 108%
OSH: -2.85%
Wednesday, October 14, 2009
POMSoX UPDATE
LOCAL STOCKS
Tuesday had the market end on a calm note on light volumes; with the highlights of the day was NBO and OSH closing in positive territory at 8.57 and 9.37 percent respectively. Leading the KSi to finish 4 percent higher than previous.
In commodities, gold added 0.71 percent to US$1065 per ounce likewise oil steady above the US$70 mark per barrel.
The market this morning may open flat due to mixed leads from overseas, but may continue to close stronger on the back of positive news. Our kina this morning is buying 0.4312 and selling 0.3903 aussie.
PNG NEWS
MSTG: Metal storms released an announcement on its issue of new ordinary shares.
MOVERS
Tuesday’s movers on the local share market 13/10/09:
NBO: 8.57%
OSH: 9.37%
Tuesday had the market end on a calm note on light volumes; with the highlights of the day was NBO and OSH closing in positive territory at 8.57 and 9.37 percent respectively. Leading the KSi to finish 4 percent higher than previous.
In commodities, gold added 0.71 percent to US$1065 per ounce likewise oil steady above the US$70 mark per barrel.
The market this morning may open flat due to mixed leads from overseas, but may continue to close stronger on the back of positive news. Our kina this morning is buying 0.4312 and selling 0.3903 aussie.
PNG NEWS
MSTG: Metal storms released an announcement on its issue of new ordinary shares.
MOVERS
Tuesday’s movers on the local share market 13/10/09:
NBO: 8.57%
OSH: 9.37%
Thursday, October 8, 2009
POMSoX UPDATE
LOCAL STOCKS
The market closed quiet with KSi losing 0.11 percent to end at 5829.15; BSP was the only mover on the market sliding 1.26 percent to close steady at K0.78 while the other stocks finished unchanged. NBPO on the LSE GBP3.85 as OSH finished at A$6.39 on the ASX.
In commodities last night saw the precious metal hit a record high of US$1044 per ounce likewise oil added 22 cents finishing at US$69.79 per barrel.
This morning has bids for MGO are at a high K0.52 while HIG has bids lined up at K0.36. The kina today is buying 0.4346 and selling 0.3934.
PNG NEWS
BSP: Bank South Pacific Limited reported yesterday that it agreed to buy Commonwealth Bank’s Fiji operations signing a Share Purchase agreement (SPA).
MGO: Marengo announced the dates of its annual meeting which will be held at The Celtic Club, 48 Ord Street, West Perth, Western Australia on Thursday, 5 November 2009 at 4:00 p.m.
MOVERS
Yesterday’s movers on the local share market 07/10/09:
BSP: -1.26%
The market closed quiet with KSi losing 0.11 percent to end at 5829.15; BSP was the only mover on the market sliding 1.26 percent to close steady at K0.78 while the other stocks finished unchanged. NBPO on the LSE GBP3.85 as OSH finished at A$6.39 on the ASX.
In commodities last night saw the precious metal hit a record high of US$1044 per ounce likewise oil added 22 cents finishing at US$69.79 per barrel.
This morning has bids for MGO are at a high K0.52 while HIG has bids lined up at K0.36. The kina today is buying 0.4346 and selling 0.3934.
PNG NEWS
BSP: Bank South Pacific Limited reported yesterday that it agreed to buy Commonwealth Bank’s Fiji operations signing a Share Purchase agreement (SPA).
MGO: Marengo announced the dates of its annual meeting which will be held at The Celtic Club, 48 Ord Street, West Perth, Western Australia on Thursday, 5 November 2009 at 4:00 p.m.
MOVERS
Yesterday’s movers on the local share market 07/10/09:
BSP: -1.26%
Wednesday, October 7, 2009
POMSoX UPDATE
LOCAL STOCKS
Trading on the local bourse was quite active with trades registering for the trading companies; CCP closed marginally weak at K1.79 likewise NGP down 2.18 percent while LGL advanced 4.00 percent on the back of a stronger gold price. The broader KSi added 58 points to close at 5,835.42 yesterday.
In commodities the last night saw Gold gained US$22 to close at US$1040 per ounce as oil surged 0.56 percent to conclude trading at US$71.29.
Today may see the market open slightly higher riding on positive news from the trading companies. The kina this morning is buying 0.4336 and selling 0.3925 aussie.
PNG NEWS
CUE: Cue Energy released a report that Petro China finalized its purchase of Singapore Petroleum company Limited.
MOS: Mosaic Oil also reported successful completion of $10.9 million placement.
OSH: Oil Search limited yesterday released a presentation on the 2009 JP Morgan Australasian Conference.
MOVERS
Yesterday’s movers on the local bourse 06/10/09:
BSP: -1.25%
CCP: -0.55%
LGL: 4.00%
NBO: -5.26%
NGP: -2.18
Trading on the local bourse was quite active with trades registering for the trading companies; CCP closed marginally weak at K1.79 likewise NGP down 2.18 percent while LGL advanced 4.00 percent on the back of a stronger gold price. The broader KSi added 58 points to close at 5,835.42 yesterday.
In commodities the last night saw Gold gained US$22 to close at US$1040 per ounce as oil surged 0.56 percent to conclude trading at US$71.29.
Today may see the market open slightly higher riding on positive news from the trading companies. The kina this morning is buying 0.4336 and selling 0.3925 aussie.
PNG NEWS
CUE: Cue Energy released a report that Petro China finalized its purchase of Singapore Petroleum company Limited.
MOS: Mosaic Oil also reported successful completion of $10.9 million placement.
OSH: Oil Search limited yesterday released a presentation on the 2009 JP Morgan Australasian Conference.
MOVERS
Yesterday’s movers on the local bourse 06/10/09:
BSP: -1.25%
CCP: -0.55%
LGL: 4.00%
NBO: -5.26%
NGP: -2.18
Tuesday, October 6, 2009
POMSoX UPDATE
LOCAL STOCKS
The bourse was quiet yesterday with BSP as the only stock registering trades at K0.80 on reasonable volumes; while others finished unchanged. The KSi also concluded the day shedding 269.40 points to 5,777.88. In commodities oil edged over the US$70 mark while Gold closed at US$1016.40 per ounce.
This morning in the opening phase of the market has shares available for OSH at a low K15.45; Kina is buying 0.4397 and selling 0.3981 aussie.
MOVERS
Yesterday’s movers on the local bourse 05/10/09:
Nil movers
The bourse was quiet yesterday with BSP as the only stock registering trades at K0.80 on reasonable volumes; while others finished unchanged. The KSi also concluded the day shedding 269.40 points to 5,777.88. In commodities oil edged over the US$70 mark while Gold closed at US$1016.40 per ounce.
This morning in the opening phase of the market has shares available for OSH at a low K15.45; Kina is buying 0.4397 and selling 0.3981 aussie.
MOVERS
Yesterday’s movers on the local bourse 05/10/09:
Nil movers
Friday, October 2, 2009
POMSoX UPDATE
LOCAL NEWS
Thursday saw the bourse finished ended steady with BSP registering a reasonable volume changing hands; OSH was the lone gainer on the local share market advancing 1.8 percent. NBO last night closed at GBP3.90 while on the local bourse it ended the day unchanged at K19.00.
In commodities, saw gold edged over the US$1,000 mark likewise oil maintained its spot price at US$70.48 per barrel.
Today in the opening phase of the market has bids for MGO as high as K0.52 and CPL shares are available at K2.45. The kina this morning is buying 0.4418 against the aussie while selling at 0.3999.
MOVERS:
Thursday’s movers on the bourse 01/10/09:
OSH: 1.79%
Thursday saw the bourse finished ended steady with BSP registering a reasonable volume changing hands; OSH was the lone gainer on the local share market advancing 1.8 percent. NBO last night closed at GBP3.90 while on the local bourse it ended the day unchanged at K19.00.
In commodities, saw gold edged over the US$1,000 mark likewise oil maintained its spot price at US$70.48 per barrel.
Today in the opening phase of the market has bids for MGO as high as K0.52 and CPL shares are available at K2.45. The kina this morning is buying 0.4418 against the aussie while selling at 0.3999.
MOVERS:
Thursday’s movers on the bourse 01/10/09:
OSH: 1.79%
Thursday, October 1, 2009
POMSoX UPDATE
LOCAL STOCKS
The local share market had a relatively active day with CPL finishing weak with trades going through at K2.45 so did LGL losing 24 toeas at K6.00 as OSH slid nearly 12 percent to K13.21. IOC gained 1.50 percent closing at US$39.28 reaching a day’s high of US$41.90.
In commodities last night saw oil surged nearly 6 percent to US$70.61 per barrel likewise gold ending US$15.00 higher from previous.
Trading momentum has picked up over the recent weeks with reasonable volumes changing hands on the back of positive news from the local economy. The Kina is buying 0.4338 while selling at 0.3927 aussie today.
MOVERS
Yesterday’s movers on the local bourse 30/09/09:
CPL: -2.00%
LGL: -3.84%
OSH: -11.93%
The local share market had a relatively active day with CPL finishing weak with trades going through at K2.45 so did LGL losing 24 toeas at K6.00 as OSH slid nearly 12 percent to K13.21. IOC gained 1.50 percent closing at US$39.28 reaching a day’s high of US$41.90.
In commodities last night saw oil surged nearly 6 percent to US$70.61 per barrel likewise gold ending US$15.00 higher from previous.
Trading momentum has picked up over the recent weeks with reasonable volumes changing hands on the back of positive news from the local economy. The Kina is buying 0.4338 while selling at 0.3927 aussie today.
MOVERS
Yesterday’s movers on the local bourse 30/09/09:
CPL: -2.00%
LGL: -3.84%
OSH: -11.93%
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