Monday, December 28, 2009

POMSoX UPDATE

LOCAL STOCKS

The bourse on Thursday had a relatively calm day with reasonable volumes changing hands for BSP. BSP saw a late rally, surging 6.66 percent to close at K0.80. While LGL and NBO ended the week flat at K8.00 and K18.00 respectively. IOC registered last trade at US$75.87.

In commodities, gold jumped 0.91 percent to close at US$1104 per ounce likewise oil closed stronger above the US$75.00 mark.

The market is expected to have calm sessions through the holiday period, with offers for CCP as low as K1.77 as bidders for HIG are queuing up at a high K0.80.

MOVERS
Last Thursday’s movers on the local bourse 24/12/09:
BSP: 6.66%