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%