Monday, November 30, 2009

POMSoX UPDATE

MONDAY 30th NOVEMBER 2009

LOCAL STOCKS

On Friday the local bourse closed slight higher despite global stock markets tumbled with high number of volumes changed hands for CPL. NBO, HIG and CPL were down by certain points while BSP gained 4.16 percent.

The market this morning may open high despite the fall last week Friday at the back of Dubai news on credit default. Good news on the market at the moment with Dubai World funds held by Europe gives confidence.

NGE shares are on offer at K0.45. The KSI closed slight higher up by 0.15 percent to 5,557.66. Our kina this morning is buying at 0.4342 and selling at 0.3930 aussie.

MOVERS
Tuesday’s movers on the local bourse 30/11/2009:
BSP: + 4.16%
CPL: - 1.60%
HIG: - 2.04
NBO - 5.88
KSI: + 0.15%

Friday, November 27, 2009

POMSoX UPDATE

FRIDAY 27th NOVEMBER 2009

LOCAL STOCKS

On Thursday the local bourse closed lower with lighter volumes changing hands for BSP, BSPHA, HIG, LGL and OSH. BSP and OSH were down by 1.36 and 6.66 percent respectively while others remain unchanged as of last trade. A 231 BSP Notes were traded yesterday on the market.

The market this morning may open high after Wall Street open today for business after closing yesterday for Thanks giving holiday overnight.

The KSI was up by 12.35 points to close at 6,711.66. Our Kina this morning is buying at 0.4395 and selling at 0.3906 aussie.

MOVERS
Tuesday’s movers on the local bourse 24/11/2009 BSP: - 1.36%
OSH: - 6.66%
KSI: + 0.18%

Thursday, November 26, 2009

POMSOX Update

THURSDAY 26th NOVEMBER 2009

LOCAL STOCKS

The local bourse closed high yesterday with substantial number of volumes changing hands for BSP, NBO and OSH with others trailing behind. BSP gained 2.81 percent while OSH gained 0.06 percent after weak finish yesterday. Other stocks remain unchanged as of last trade. NBO in London ended the day stronger at £3.825 gaining 2.5 percent.



The market this morning may open high on the back of continued positive leads from the overseas markets. Encouraging economic data from US edged up US stocks, however, US dollar tumbled by 0.7% to an almost 15 -months low against basket of currencies . Mining, oil and gas companies are expected perform better today at the back of depreciating US currency.

Kina this morning is up buying 0.4315 and selling 0.3906 aussie.

LOCAL NEWS

LGL: Lihir Gold Limited (LGL) declared an interim dividend of US$0.015 (1.5 US cents) per ordinary share on 29th October 2009.

MSTG: Metal Storm has announced the equity and debt subscription agreement for an investment of US$35 million by Assure Fast Holdings Limited.

MOVERS

Yesterday move on the local bourse 25/11/2009:

BSP: 2.81%

OSH: 0.06%

Wednesday, November 25, 2009

POMSoX UPDATE

LOCAL STOCKS

On Tuesday saw the bourse closed lower with light volumes changing hands for BSP shares. BSP slide by 1.38 percent after strong finish last week. Other stocks remain unchanged as of last trade. IOC in US ended the day stronger at US$50.25 gaining 4 cents.

The market this morning may open flat on the back of continued negative leads from the overseas market with weaker results from the Q3 GDP data and consumer spending. On the local market this morning has CPL shares on offer at K2.50. While in the currency front, our Kina this morning is buying 0.4315 and selling 0.3906 aussie.

MOVERS
Tuesday’s movers on the local bourse 24/11/09:
BSP:-1.38%

Monday, November 23, 2009

POMSoX UPDATE

LOCAL STOCKS

On Friday saw the bourse closed lower with light volumes changing hands for BSP, CCP and OSH. BSP after a week’s slide finished stronger by 1.40 percent while the others finished unchanged. IOC in US ended the day weaker at US$50.21 losing 44 cents.

The market this morning may open flat on the back of negative leads from the overseas markets. After weaker than expected results from the housing sector. KAM shares are on offer on the local bourse at a low K1.13. Our Kina this morning is up buying 0.4333 and selling 0.3922 aussie.

MOVERS
Friday’s movers on the local bourse 20/11/09:
BSP:1.40%

Wednesday, November 4, 2009

POMSoX UPDATE

LOCAL STOCKS

The KSi was down 271 points to close at 6177 points yesterday; with BSP losing 1.36 percent on reasonable volumes, likewise did NBO dropping a kina to finish the day at K17.00; while NBO on the LSE ended at GBP3.75 gaining from previous close.

The market today will may open flat with mixed leads from overseas; with bids for CPL are at a high of K2.45 buyers for LGL are queued up at K6.30. In currency news, our kina this morning is buying 0.4370 and selling 0.3956 aussie.

PNG NEWS
NBO: New Britain Palm oil reported that it has signed a 2 year supply agreement with United biscuits a biscuit company in United Kingdom.

MOVERS
Yesterday’s movers on the local bourse 03/11/09:
BSP: -1.36%
CCP: -0.55%
NBO: -5.55%
OSH: -10.00%