POMSoX UPDATE

LOCAL STOCKS

Yesterday saw the local market closed quiet with light volumes changing hands for BSP and HIG ending the day at K0.74 and K0.90 respectively. While in London had NBPO advanced 6 percent to finish stronger to GBP3.95 which is equivalent to K18.23 as IOC edged higher concluding the day at US$62.30 on the NYSE.

On the commodities front, saw oil and gold closed weaker with Gold price settling at US$1164.00 per ounce as crude slid 2 percent.

This morning in the pre open phase has bids for LGL as high as K8.00 while sellers are queuing up at K8.30. We should expect the market to open lower riding on negative leads from the international markets.

MOVERS
All of the stocks closed flat yesterday.