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%