POMSoX UPDATE

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%