TUESDAY 30th JUNE 2009
LOCAL STOCKS
Yesterday saw the local bourse finish relatively calm with light volumes changing hands. BSP surged towards the end of trading to close at K0.85. NBPO on LSE fell 1.51 percent to GBP3.55 as IOC climbed to over 4 percent to conclude day’s trading at US$29.27.
The opening phase of the market today has bids for OSH at K11.60 while offers for NGE are at K0.20.
PNG NEWS
The PNG Government is believed to be “days away from finalizing a project agreement for Papua New Guinea’s second liquefied natural gas project. Gas from the Elk/Antelope fields in the Gulf Province is expected to feed the project which is currently in negotiations between the state and the project operator Interoil Corporation.
MOVERS
Monday’s movers on the local market 29/06/09:
BSP: 4.93%
Tuesday, June 30, 2009
Monday, June 29, 2009
POMSoX Update
MONDAY 29th JUNE 2009
LOCAL STOCKS
Trading on Friday saw BSP move higher 2.53% to close at K0.81 on the back of CEO Ian Clyne’s announcement that BSP was in talks with Commonwealth Bank Australia to acquire their Fijian Banking and Insurance assets. LGL closed slightly lower at K6.00; NBO also settled at K18.00 and OSH continued to maintain at K11.60.
PNG NEWS
Bill Jasper, Interoil corporation president announced plans for the company to increase its capital investment in PNG following the closure of the recent US$70 million (K188 million) direct stock offering. He said that Interoil were looking to accelerate their upstream exploration activities thus increasing their need for additional capital.
Airlines PNG have announced the appointment of their new Chief Executive Mr. Gary Toomey. Mr Toomey's previous position was as president and CEO of the Air New Zealand group, with annual turnover of NZ$8 billion, 26,000 employees and over 200 aircraft. Since leaving Air New Zealand Mr Toomey has managed his own consultancy business which serviced regional and domestic airlines in developing countries in the Asia region as well as consulting with one of the largest hospitality groups in the world. Prior to joining Air New Zealand Mr Toomey served as Deputy Chief Executive Officer, Chief Financial Officer and Executive Director at Qantas Airways Ltd. In this role Mr Toomey had overall responsibility for the operations, subsidiaries and finance of the Qantas Group. Mr Toomey also spent three years as a non-executive director of the ANZ Banking Group.
MOVERS
Monday’s movers on the local market 25/06/09:
BSP: 2.53%
LGL: -10.00%
OSH: -0.08%
LOCAL STOCKS
Trading on Friday saw BSP move higher 2.53% to close at K0.81 on the back of CEO Ian Clyne’s announcement that BSP was in talks with Commonwealth Bank Australia to acquire their Fijian Banking and Insurance assets. LGL closed slightly lower at K6.00; NBO also settled at K18.00 and OSH continued to maintain at K11.60.
PNG NEWS
Bill Jasper, Interoil corporation president announced plans for the company to increase its capital investment in PNG following the closure of the recent US$70 million (K188 million) direct stock offering. He said that Interoil were looking to accelerate their upstream exploration activities thus increasing their need for additional capital.
Airlines PNG have announced the appointment of their new Chief Executive Mr. Gary Toomey. Mr Toomey's previous position was as president and CEO of the Air New Zealand group, with annual turnover of NZ$8 billion, 26,000 employees and over 200 aircraft. Since leaving Air New Zealand Mr Toomey has managed his own consultancy business which serviced regional and domestic airlines in developing countries in the Asia region as well as consulting with one of the largest hospitality groups in the world. Prior to joining Air New Zealand Mr Toomey served as Deputy Chief Executive Officer, Chief Financial Officer and Executive Director at Qantas Airways Ltd. In this role Mr Toomey had overall responsibility for the operations, subsidiaries and finance of the Qantas Group. Mr Toomey also spent three years as a non-executive director of the ANZ Banking Group.
MOVERS
Monday’s movers on the local market 25/06/09:
BSP: 2.53%
LGL: -10.00%
OSH: -0.08%
Friday, June 26, 2009
POMSoX Update
FRIDAY 25th JUNE 2009
LOCAL STOCKS
Most of the trading companies closed unchanged yesterday while NBO surged up to close at K20.00; Offers for LGL maintained at K6.40. Overseas last night saw IOC move up nearly 3 percent to US$26.12 as BSP continued to perform steadily at K0.79.
PNG NEWS
Credit Corporation announced to their shareholders at their Annual General Meeting yesterday that they would be paying a dividend of 5 toea to their shareholders which would be made payable in August. Chairman, Garth Mcilwain reassured investors that the company had done very well in 2008 despite the world economic crisis on the back of a well capitalized Banking and Finance industry in PNG which Credit Corp was part of. He stressed that the Board and Management would be taking a conservative approach in 2009 so as to see that Credit Corp would maintain a liquid and sound financial position moving in to 2010 in order to capitalize on many of the financing opportunities of the upcoming PNG LNG project.
In other news, Bank South Pacific has made a non-binding and conditional offer to acquire the banking and insurance business of the Commonwealth Bank of Australia in Fiji. The offer is now subject to due diligence.
MOVERS
Thursday’s movers on the exchange 25/06/09:
BSP: 2.59%
NBO: 11.11%
CCP: -0.51%
LOCAL STOCKS
Most of the trading companies closed unchanged yesterday while NBO surged up to close at K20.00; Offers for LGL maintained at K6.40. Overseas last night saw IOC move up nearly 3 percent to US$26.12 as BSP continued to perform steadily at K0.79.
PNG NEWS
Credit Corporation announced to their shareholders at their Annual General Meeting yesterday that they would be paying a dividend of 5 toea to their shareholders which would be made payable in August. Chairman, Garth Mcilwain reassured investors that the company had done very well in 2008 despite the world economic crisis on the back of a well capitalized Banking and Finance industry in PNG which Credit Corp was part of. He stressed that the Board and Management would be taking a conservative approach in 2009 so as to see that Credit Corp would maintain a liquid and sound financial position moving in to 2010 in order to capitalize on many of the financing opportunities of the upcoming PNG LNG project.
In other news, Bank South Pacific has made a non-binding and conditional offer to acquire the banking and insurance business of the Commonwealth Bank of Australia in Fiji. The offer is now subject to due diligence.
MOVERS
Thursday’s movers on the exchange 25/06/09:
BSP: 2.59%
NBO: 11.11%
CCP: -0.51%
Thursday, June 25, 2009
POMSoX Update
THURSDAY 24th JUNE 2009
LOCAL STOCKS
The bourse closed active yesterday with LGL slipping by 0.54% to close at K6.40 . Oil Search continued to maintain its position at K11.60 regardless of the 1.2% fall in the world market oil price yesterday. New Britain Palm Oil also slid by 0.27% to close lower at K18.00.
The opening phase of the market this morning has offers for BSP at K0.79 while offers are available for CPL at K2.47. In Currency news today PGK is buying AUSD at a rate of 0.4913 and selling at 0.4447.
PNG NEWS
Papua New Guinean credit giant Credit Corporation will be having their Annual General Meeting today at 11:00am to discuss with shareholders the performance of the company in the past year.
The PNG investment community was saddened to learn of the tragic passing away of the CPL group of companies board chairman Allan Jarvis over the weekend. Mr. Jarvis contributed immensely to the growth and success of the company in the recent years. His leadership will be sorely missed by the CPL group.
MOVERS
Wednesday’s movers on the exchange 24/06/09:
LGL: -8.24%
NBO: -0.27%
OSH: 3.56%
MGO: 3.84%
LOCAL STOCKS
The bourse closed active yesterday with LGL slipping by 0.54% to close at K6.40 . Oil Search continued to maintain its position at K11.60 regardless of the 1.2% fall in the world market oil price yesterday. New Britain Palm Oil also slid by 0.27% to close lower at K18.00.
The opening phase of the market this morning has offers for BSP at K0.79 while offers are available for CPL at K2.47. In Currency news today PGK is buying AUSD at a rate of 0.4913 and selling at 0.4447.
PNG NEWS
Papua New Guinean credit giant Credit Corporation will be having their Annual General Meeting today at 11:00am to discuss with shareholders the performance of the company in the past year.
The PNG investment community was saddened to learn of the tragic passing away of the CPL group of companies board chairman Allan Jarvis over the weekend. Mr. Jarvis contributed immensely to the growth and success of the company in the recent years. His leadership will be sorely missed by the CPL group.
MOVERS
Wednesday’s movers on the exchange 24/06/09:
LGL: -8.24%
NBO: -0.27%
OSH: 3.56%
MGO: 3.84%
POMSoX Update
WEDNESDAY 24th JUNE 2009
LOCAL STOCKS
Activity picked up on the local bourse yesterday as bidders for BSP queued in at K0.74 and closed the day at K0.78. Oil search went on to reaffirm its reputation as a volatile stock by closing lower at K11.60 after a brief stint at K12.40 the previous day. Airlines PNG also lost 2.77% to settle at K0.70 yesterday. On the latter, New Britain Palm Oil gained 0.16% to close higher at K18.05. The listing of BSP Notes saw its market placing bidders for the new security at K24,500.00 and sellers K26,000.00.
PNG NEWS
The KSi dropped by 252.82 points or 4.64% to 5,200.58. This was mostly due to the lead markets and commodity prices closing weaker yesterday on the back of economic forecasts by the world bank that the world recession is far from over.
MOVERS
Movers for Tuesday 23/06/09:
OSH: -13.10%
CGA: -2.77%
NBO: 0.16%
LOCAL STOCKS
Activity picked up on the local bourse yesterday as bidders for BSP queued in at K0.74 and closed the day at K0.78. Oil search went on to reaffirm its reputation as a volatile stock by closing lower at K11.60 after a brief stint at K12.40 the previous day. Airlines PNG also lost 2.77% to settle at K0.70 yesterday. On the latter, New Britain Palm Oil gained 0.16% to close higher at K18.05. The listing of BSP Notes saw its market placing bidders for the new security at K24,500.00 and sellers K26,000.00.
PNG NEWS
The KSi dropped by 252.82 points or 4.64% to 5,200.58. This was mostly due to the lead markets and commodity prices closing weaker yesterday on the back of economic forecasts by the world bank that the world recession is far from over.
MOVERS
Movers for Tuesday 23/06/09:
OSH: -13.10%
CGA: -2.77%
NBO: 0.16%
Tuesday, June 23, 2009
POMSoX Update
TUESDAY 23rd JUNE 2009
LOCAL STOCKS
Trading on the local bourse was relatively slow on Monday seeing most of the securities closing unchanged. BSP continued to maintain at K0.78;
PNG NEWS
The ExxonMobil-led Papua New Guinea liquefied natural gas (PNG LNG) joint venture is set to finalise sales deals for all remaining production from the $US12.5 billion ($A15.6 billion) project that was not covered by a maiden deal in April.
Oil Search managing director Peter Botten said it was "a major achievement", underscoring the project's likelihood of delivering first gas in 2013/14 and building momentum for a final investment decision (FID) in late 2009.
MOVERS
There weren’t any major movers for Monday. 22/06/09:
LOCAL STOCKS
Trading on the local bourse was relatively slow on Monday seeing most of the securities closing unchanged. BSP continued to maintain at K0.78;
PNG NEWS
The ExxonMobil-led Papua New Guinea liquefied natural gas (PNG LNG) joint venture is set to finalise sales deals for all remaining production from the $US12.5 billion ($A15.6 billion) project that was not covered by a maiden deal in April.
Oil Search managing director Peter Botten said it was "a major achievement", underscoring the project's likelihood of delivering first gas in 2013/14 and building momentum for a final investment decision (FID) in late 2009.
MOVERS
There weren’t any major movers for Monday. 22/06/09:
Monday, June 22, 2009
POMSoX UPDATE
LOCAL STOCKS
The local bourse closed steady on Friday seeing BSP maintain at K0.78.OSH rebounded from a weaker performance the previous day to close stronger at 11.71 percent & end the day at K12.40.
PNG NEWS
Chrome Corp Ltd - Perth-based mining company Chrome Corporation has struck a deal to acquire PNG gold explorer Pacific Niugini Minerals Ltd (PNM).
The deal, which is subject to due diligence and the approval of Chrome shareholders, will transform Chrome into a substantial gold company with almost 4,000 sqkm of highly prospective acreage in PNG’s Morobe, Western Highlands and Madang Provinces.
MOVERS
Friday’s movers on the local market 19/06/09:
CPL: 0.81%
LGL: 0.25%
OSH: 11.71%
The local bourse closed steady on Friday seeing BSP maintain at K0.78.OSH rebounded from a weaker performance the previous day to close stronger at 11.71 percent & end the day at K12.40.
PNG NEWS
Chrome Corp Ltd - Perth-based mining company Chrome Corporation has struck a deal to acquire PNG gold explorer Pacific Niugini Minerals Ltd (PNM).
The deal, which is subject to due diligence and the approval of Chrome shareholders, will transform Chrome into a substantial gold company with almost 4,000 sqkm of highly prospective acreage in PNG’s Morobe, Western Highlands and Madang Provinces.
MOVERS
Friday’s movers on the local market 19/06/09:
CPL: 0.81%
LGL: 0.25%
OSH: 11.71%
Friday, June 19, 2009
POMSoX UPDATE
LOCAL STOCKS
The local bourse yesterday had gained 2.63 percent to end at K0.78, while OSH dropped 11.7 percent to close the day at K11.20; while others finished unchanged. Overseas last night saw IOC ended weaker US$31.78 likewise NBPO on the LSE finished at GBP3.89.
The local index continues to maintain levels above 5, 000 points despite the price fluctuations for the commodities The pre open phase of the market today has offers for CCP at a low K1.95 while bids are as high as K18.00 for NBO. Our Kina is buying 0.4851 and selling at 0.4391 Aussie this morning.
PNG NEWS
STO - Santos's proposed Gladstone liquefied natural gas project has leapt forward with a first sales deal believed to be worth at least $US17 billion ($A21.45 billion).
MOVERS
Yesterday’s movers on the local market 18/06/09:
BSP: 2.63%
OSH: -11.69%
The local bourse yesterday had gained 2.63 percent to end at K0.78, while OSH dropped 11.7 percent to close the day at K11.20; while others finished unchanged. Overseas last night saw IOC ended weaker US$31.78 likewise NBPO on the LSE finished at GBP3.89.
The local index continues to maintain levels above 5, 000 points despite the price fluctuations for the commodities The pre open phase of the market today has offers for CCP at a low K1.95 while bids are as high as K18.00 for NBO. Our Kina is buying 0.4851 and selling at 0.4391 Aussie this morning.
PNG NEWS
STO - Santos's proposed Gladstone liquefied natural gas project has leapt forward with a first sales deal believed to be worth at least $US17 billion ($A21.45 billion).
MOVERS
Yesterday’s movers on the local market 18/06/09:
BSP: 2.63%
OSH: -11.69%
Thursday, June 18, 2009
POMSoX UPDATE
LOCAL STOCKS
The bourse closed active yesterday with CPL advancing 2 percent so did LGL surging 8 percent on the back of positive news that the company is within its forecasts to produce 1.2 million ounces this year. OSH jumped13 percent ending K12.57 despite the fall in Oil prices.
The opening phase of the market this morning had trades go through for BSP at K0.77 while offers are available for CPL at K2.47. In Currency news today PGK is buying at a rate of 0.4883 while selling at 0.4420.
MOVERS
Wednesday’s movers on the exchange 17/06/09:
BSP: -2.56%
CPL: 2.08%
LGL: 8.62%
NBO: 0.05%
OSH: 13.24%
The bourse closed active yesterday with CPL advancing 2 percent so did LGL surging 8 percent on the back of positive news that the company is within its forecasts to produce 1.2 million ounces this year. OSH jumped13 percent ending K12.57 despite the fall in Oil prices.
The opening phase of the market this morning had trades go through for BSP at K0.77 while offers are available for CPL at K2.47. In Currency news today PGK is buying at a rate of 0.4883 while selling at 0.4420.
MOVERS
Wednesday’s movers on the exchange 17/06/09:
BSP: -2.56%
CPL: 2.08%
LGL: 8.62%
NBO: 0.05%
OSH: 13.24%
Tuesday, June 16, 2009
POMSoX UPDATE
LOCAL STOCKS
Most of the trading companies closed unchanged yesterday while OSH gained 3.33 percent to end at K12.40; Offers for LGL closed the day at K7.00 as NBO buyers lined up at K18.00. Overseas last night saw IOC lost nearly 5 percent to US$34.26 as NBPO added 8 pence to finish the day at GBP4.02.
The market today is expected to open weaker as most of the indices closed in the red. Opening phase of trading today has CCP shares on offer as low as K1.95.
PNG NEWS
LNG: Oil Search and Santos have agreed to spend US$600 million in PNG’s liquefied Natural gas project. They will spend the fund on initial work including infrastructure upgrades.
MOVERS
Monday’s movers on the exchange 15/06/09:
BSP: -1.31%
MSC: -33.33%
OSH: 3.33%
Most of the trading companies closed unchanged yesterday while OSH gained 3.33 percent to end at K12.40; Offers for LGL closed the day at K7.00 as NBO buyers lined up at K18.00. Overseas last night saw IOC lost nearly 5 percent to US$34.26 as NBPO added 8 pence to finish the day at GBP4.02.
The market today is expected to open weaker as most of the indices closed in the red. Opening phase of trading today has CCP shares on offer as low as K1.95.
PNG NEWS
LNG: Oil Search and Santos have agreed to spend US$600 million in PNG’s liquefied Natural gas project. They will spend the fund on initial work including infrastructure upgrades.
MOVERS
Monday’s movers on the exchange 15/06/09:
BSP: -1.31%
MSC: -33.33%
OSH: 3.33%
Monday, June 15, 2009
POMSoX UPDATE
LOCAL STOCKS
The local bourse on the Friday closed lower losing 2 points to end at 5,239. BSP lost 1.29 percent to close at K0.76 as CGA climbed 10 toeas to K0.77 likewise NBO adding 43 toeas to finish the week at K18.00. IOC lost 43 cents to end at US$35.92 reaching a high of US$36.61.
Opening phase of the market today has seen BSP opening the day lower at K0.75 while OSH has buyers lined up at K12.40.
MOVERS
Last Friday’s movers on the local bourse 12/06/09:
BSP: -1.29%
CGA: 14.92%
NBO: 2.44%
The local bourse on the Friday closed lower losing 2 points to end at 5,239. BSP lost 1.29 percent to close at K0.76 as CGA climbed 10 toeas to K0.77 likewise NBO adding 43 toeas to finish the week at K18.00. IOC lost 43 cents to end at US$35.92 reaching a high of US$36.61.
Opening phase of the market today has seen BSP opening the day lower at K0.75 while OSH has buyers lined up at K12.40.
MOVERS
Last Friday’s movers on the local bourse 12/06/09:
BSP: -1.29%
CGA: 14.92%
NBO: 2.44%
Friday, June 12, 2009
POMSoX UPDATE
LOCAL STOCKS
The bourse closed relatively active yesterday with modest volumes changing hands. KSi added 130.90 points or 2.56 percent to 5,241.66. BSP lost 1.28 percent to close at K0.77 while CGA and OSH soared 6 and 8 percent respectively. In overseas last night saw IOC ended stronger at US$36.35 as NBPO lost 2 pence to conclude the day at GBP3.97.
In the opening phase of trading today has bids for BSP lined up at K0.70 with bids are as high as K0.26 for MGO.
PNG NEWS
HIG: Highlands Pacific Limited reported yesterday the construction of the US$1.37billion Ramu nickel-cobalt project in PNG is on time and budget with commissioning later this year.
IOC: Inter Oil Corporation completed its capital raising of US$70.44 million through share common stock offering in US.
Resources has pushed up the market into green territory with Gold, copper and Oil posting gains on the back of a weaker US dollar.
MOVERS
Yesterday’s movers on the local bourse 11/06/09:
BSP: -1.28%
CGA: 6.34%
MGO: -3.70%
NBO: 0.22%
OSH: 8.10%
The bourse closed relatively active yesterday with modest volumes changing hands. KSi added 130.90 points or 2.56 percent to 5,241.66. BSP lost 1.28 percent to close at K0.77 while CGA and OSH soared 6 and 8 percent respectively. In overseas last night saw IOC ended stronger at US$36.35 as NBPO lost 2 pence to conclude the day at GBP3.97.
In the opening phase of trading today has bids for BSP lined up at K0.70 with bids are as high as K0.26 for MGO.
PNG NEWS
HIG: Highlands Pacific Limited reported yesterday the construction of the US$1.37billion Ramu nickel-cobalt project in PNG is on time and budget with commissioning later this year.
IOC: Inter Oil Corporation completed its capital raising of US$70.44 million through share common stock offering in US.
Resources has pushed up the market into green territory with Gold, copper and Oil posting gains on the back of a weaker US dollar.
MOVERS
Yesterday’s movers on the local bourse 11/06/09:
BSP: -1.28%
CGA: 6.34%
MGO: -3.70%
NBO: 0.22%
OSH: 8.10%
Thursday, June 11, 2009
POMSoX UPDATE
LOCAL STOCKS
Wednesday saw the local index added 47.90 points (0.94 percent) to 5,110.76 on the back of BSP posting a gain of 5.40 percent to close at K0.78 reaching a low of K0.74; while CPL slid nearly 3 percent registering last at K2.40. In US saw IOC fell 12 cents to US$35.97 while NBPO finished up GBP3.99.
Outlook for the remainder of June looks steady with commodity prices and consumer confidence improving. Today on the market has offers for NBO as low as K22.00 while bids for OSH are at K11.10.
MOVERS
Yesterday’s movers on the local bourse 10/06/09:
BSP: 5.40%
CPL: -2.83%
NBO: 0.05%
Wednesday saw the local index added 47.90 points (0.94 percent) to 5,110.76 on the back of BSP posting a gain of 5.40 percent to close at K0.78 reaching a low of K0.74; while CPL slid nearly 3 percent registering last at K2.40. In US saw IOC fell 12 cents to US$35.97 while NBPO finished up GBP3.99.
Outlook for the remainder of June looks steady with commodity prices and consumer confidence improving. Today on the market has offers for NBO as low as K22.00 while bids for OSH are at K11.10.
MOVERS
Yesterday’s movers on the local bourse 10/06/09:
BSP: 5.40%
CPL: -2.83%
NBO: 0.05%
Tuesday, June 9, 2009
POMSoX UPDATE
LOCAL STOCKS
On Friday saw the local index climbed 9.44 points or 0.18 percent to 5,088.72, due to CCP and LGL posting 0.50 and 1.61 percent gains respectively. OSH slid -0.09 percent to close at K11.00 while in overseas had NBO and IOC closing weaker.
The market is excepted to open lower today with negative leads from the international markets. The pre –open phase of the market has sellers for CPL lined up at K2.46 and offers for LGL are as low as K7.00.
MOVERS
Last Friday’s movers on the exchange 05/06/09:
BSP: -1.26%
CCP: -0.50%
LGL: 1.61%
OSH: -0.09%
On Friday saw the local index climbed 9.44 points or 0.18 percent to 5,088.72, due to CCP and LGL posting 0.50 and 1.61 percent gains respectively. OSH slid -0.09 percent to close at K11.00 while in overseas had NBO and IOC closing weaker.
The market is excepted to open lower today with negative leads from the international markets. The pre –open phase of the market has sellers for CPL lined up at K2.46 and offers for LGL are as low as K7.00.
MOVERS
Last Friday’s movers on the exchange 05/06/09:
BSP: -1.26%
CCP: -0.50%
LGL: 1.61%
OSH: -0.09%
Friday, June 5, 2009
POMSoX UPDATE
LOCAL STOCKS
The market traded lower yesterday with the KSi shedding 169.51 points or 3.22% to close at 5,079.28; Movers on the day included BSP and OSH loosing 1.25 and 8.25 percent respectively. Offshore saw IOC climbed 8 percent to close at US$37.75 with a high of US$37.90.
The market has sellers selling NBO as low as K22.00 while bids are at K17.08. Otherwise the local bourse should expect trading to pick up slowly as confidence starts to emerge.
PNG NEWS
EXXONMOBIL’S PNG LNG project in Papua New Guinea has taken another step forward to development after the company signed an agreement with the KBR and WorleyParsons’ Eos joint venture and awarded an early works contract to the Cough Curtain JV.
MOVERS
Thursday’s movers on the local bourse 4/06/09:
BSP:-1.25%
CCP: -2.45%
OSH: -8.25%
The market traded lower yesterday with the KSi shedding 169.51 points or 3.22% to close at 5,079.28; Movers on the day included BSP and OSH loosing 1.25 and 8.25 percent respectively. Offshore saw IOC climbed 8 percent to close at US$37.75 with a high of US$37.90.
The market has sellers selling NBO as low as K22.00 while bids are at K17.08. Otherwise the local bourse should expect trading to pick up slowly as confidence starts to emerge.
PNG NEWS
EXXONMOBIL’S PNG LNG project in Papua New Guinea has taken another step forward to development after the company signed an agreement with the KBR and WorleyParsons’ Eos joint venture and awarded an early works contract to the Cough Curtain JV.
MOVERS
Thursday’s movers on the local bourse 4/06/09:
BSP:-1.25%
CCP: -2.45%
OSH: -8.25%
Monday, June 1, 2009
POMSoX UPDATE
LOCAL STOCKS
Trading on the market was quite active with reasonable volumes changing hands for BSP at K0.79. CPL also surged 2.91 percent so did LGL advancing by 40 toea; and OSH fell 5 toeas to K10.95. On the offshore markets IOC ended stronger adding 5 percent to US$35.77 as NBPO finished GBP3.68.
The pre-open phase of the market today has bids NBO at K17.06 while OSH buyers are lined up at K10.90.
MOVERS
Friday’s movers on the local bourse 29/05/09:
BSP: 1.26%
CPL: 2.91%
KAM: 1.76%
LGL: 6.54%
OSH: -0.45%
Trading on the market was quite active with reasonable volumes changing hands for BSP at K0.79. CPL also surged 2.91 percent so did LGL advancing by 40 toea; and OSH fell 5 toeas to K10.95. On the offshore markets IOC ended stronger adding 5 percent to US$35.77 as NBPO finished GBP3.68.
The pre-open phase of the market today has bids NBO at K17.06 while OSH buyers are lined up at K10.90.
MOVERS
Friday’s movers on the local bourse 29/05/09:
BSP: 1.26%
CPL: 2.91%
KAM: 1.76%
LGL: 6.54%
OSH: -0.45%
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