POMSoX UPDATE

LOCAL STOCKS

Tuesday had the market close relatively active with reasonable volumes changing hands, with BSP and NBO ending the day in positive territory. On the downside was HIG finishing weaker at K0.90; while the others closed steady. Resulting in the KSi closing marginally in the black gaining 0.29 percent (6721).

In commodities, saw the precious metal climbing 18 dollars to register a close at US$1200 per ounce, likewise did Crude advancing 1.41 percent to finish at US$78.16 per barrel. This all was supported by a weakened US dollar.

This morning may also see a reasonably active day of trading with positive leads from overseas. The sellers for CCP in pre-open phase of the market today are queued at K1.80, as bids for OSH are lined up as high as K14.99. In currency news, our kina this morning is buying aussie at 0.4288 while selling 0.3882.

MOVERS
Monday’s movers on the local bourse 01/12/09:
BSP: 1.38%
HIG: -5.26%
NBO: 6.25%