POMSoX UPDATE

LOCAL NEWS

The bourse finished relatively active last Friday with reasonable volumes being traded. BSP and HIG were the major movers with 1.35 and 12.50 percent jumps. While OSH finished marginally weak at K13.98, in overseas saw IOC closed at US$66.10 with a day’s high of US$71.22.

The markets were generally stronger on the back of positive signals from two major tech companies that business was improving, lifting hopes about business spending. On which the US dollar pared its gains.

The pre open phase of the market this morning has shares available for BSP at K0.75 while NBO sellers are lined up at a low K18.00. Kina this morning is buying 0.4371 and selling 0.3957 aussie.

MOVERS
Last Friday’s movers on the local bourse 18/12/09:
BSP: 1.35%
BSPHA: 0.56%
HIG: 12.50%
NBO: 0.57%
OSH: -0.07%