POMSoX UPDATE

LOCAL STOCKS

Generally the international markets closed higher on the back of Dubai’s bailout by Abu Dhabi, this also prompted the commodities to end on higher note, although on light volumes. The local bourse yesterday finished flat with BSP, CCP and HIG concluding the day steady, while OSH and NBO fell 5 and 6 percent respectively.

The pre-open phase of the market has sellers for HIG shares lined up at K0.90 and OSH shares are available as low as K14.00. Our kina this morning opened lower buying aussie at 0.4275 while selling at 0.3870.

MOVERS
Yesterday’s movers on the local bourse 14/12/09:
NBO: -5.29%
OSH: -6.73%