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%
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