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%