POMSoX UPDATE

LOCAL STOCKS

The local bourse closed lower yesterday with light volumes changing hands for BSP, HIG, MGO, NBO and OSH. BSP share price plummeted by 4 percent after strong finish on the previous trade. HIG also plummeted meanwhile OSH had a massive gain of 7.14 percent. Other common stocks remain unchanged as of last trade.

The market this morning may open high at the back of good news coming out of debt strapped Dubai World after the UAE government announced that it will back Dubai to repay its debts. The US dollar is down by 3 cents.

The KSI closed higher, up by 144.60 points to close at 6,702.26. NGE shares are on bid on the local bourse at a low of K0.450. Our Kina this morning is buying at 0.4330and 0.3919 aussie.

MOVERS
Friday’s movers on the local bourse 1/12/09:
BSP: -4.00%
HIG: -1.04%
OSH: +7.14%
KSI: +2.12%