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%