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%