POMSoX UPDATE

LOCAL NEWS

The KSi fell 4.77 percent to end the day at 6271 yesterday, on the back of weaker performances from LGL and OSH closing at K8.00 and K12.10 respectively. Diversified Financial also finished slightly weaker at K1.78. IOC on the NYSE ended the day at US$71.70.

Gold lost its appeal an alternative investment after the green back continued to surge against most of the major currencies. Likewise oil tracking the stronger dollar to close at US$72.47 per barrel.

The opening phase of the market this morning had CPL open the day at K2.45. Our Kina this morning is buying 0.4421 while selling at 0.4002.

In company news, IOC reported the scheduled signing between the State and IOC to initiate another LNG project.

MOVERS
Monday’s movers on the local bourse 21/12/09:
CCP: -0.55
LGL: -0.12%
OSH: -13.44%