LOCAL STOCKS
The market was relatively active with BSP and NBO closing at K0.64 and K19.00 respectively. Whilst CCP fell 3.44 percent to K1.40 with offers closing the day at K1.44 and OSH finished at K12.99 with small volumes changing hands.
Resources outperformed globally with copper rallying to a fresh four month high, while crude oil rose almost $2 per barrel to $73.91 as the precious metal clipped 0.16 percent to close at $1248.10 an ounce.
The market should open higher today after offshore markets moved into positive territory riding on strong gains in Australia which continued into Europe last night; Pre-open phase has a bidder for CGA shares at K0.50 as MGO buyers are lined up at a high K0.27. In currency news, Kina is buying 0.4264 and selling at 0.3819 aussie.
PNG NEWS
MSTG: Metals Storm Limited came out yesterday with their Half Year results reporting a 29 percent rise in its revenues from ordinary activities, but a 35 percent net loss attributable to its members.
MOVERS
Yesterday’s movers on the bourse 31/08/10;
CCP: -3.44%
Thursday, September 2, 2010
Wednesday, September 1, 2010
POMSoX UPDATE
LOCAL STOCKS
Tuesday, saw the bourse end relatively calm, with BSP remaining steady at K0.64, while OSH opened the day strong seeing trades at K12.99; NBO slid 1.04 percent finishing at K19.00. IOC on the NYSE rose 1.89 percent to $58.78 reaching a day’s high of $59.92 per share.
In Commodities, gold topped at $1250 an ounce as oil settled at $71.58 per barrel on the back of storms hitting the East Coast of US.
The market is set to open flat this morning with buyers for NBO steady at K19.00, as OSH sellers are lining up at K12.99. Kina against aussie is buying 0.4473 and selling at 0.3896 today.
PNG NEWS
OSH: Oil Search will pay a 2010 interim dividend of US$0.02 (US two cents) per ordinary share. The record date is on the 17th September while the payment date is on the 11th of October.
MOVERS
Yesterday’s movers on the bourse 31/08/10;
BSPHA: 0.39%
NBO: -1.04%
OSH: 3.92%
Tuesday, saw the bourse end relatively calm, with BSP remaining steady at K0.64, while OSH opened the day strong seeing trades at K12.99; NBO slid 1.04 percent finishing at K19.00. IOC on the NYSE rose 1.89 percent to $58.78 reaching a day’s high of $59.92 per share.
In Commodities, gold topped at $1250 an ounce as oil settled at $71.58 per barrel on the back of storms hitting the East Coast of US.
The market is set to open flat this morning with buyers for NBO steady at K19.00, as OSH sellers are lining up at K12.99. Kina against aussie is buying 0.4473 and selling at 0.3896 today.
PNG NEWS
OSH: Oil Search will pay a 2010 interim dividend of US$0.02 (US two cents) per ordinary share. The record date is on the 17th September while the payment date is on the 11th of October.
MOVERS
Yesterday’s movers on the bourse 31/08/10;
BSPHA: 0.39%
NBO: -1.04%
OSH: 3.92%
Friday, August 27, 2010
National Court of Papua New Guinea Approves Scheme of Arrangement
Lihir Gold Ltd (“LGL”) advises that the National Court of Papua New Guinea today approved the Scheme of Arrangement by which Newcrest Mining Ltd ("Newcrest") will acquire all of the issued shares of LGL (“the Scheme”). This follows the approval of the Scheme by LGL shareholders at the Scheme Meeting on 23 August 2010.
Thursday, August 26, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market was quiet yesterday with BSP shares registering trades at K0.64, while others finished unchanged. In overseas, most of the markets closed generally higher after a late rally last night.
The bourse today has bids for BSP as high as K0.64 and LGL buyers are lined up at K9.10. Our Kina versus the aussie dollar this morning is buying 0.4266 and selling at 0.3821.
PNG NEWS
CUE: Cue Energy reported yesterday on its Financial year ending 30th June highlighting production income up 80% to A$54.7 million and its gross profit up 98% to A$43.6 million. It also reduced its debt to US$12 million.
LGL: Further to the announcement on 23 August 2010, LGL advises the New Newcrest Shares will
commence trading on ASX and POMSoX on a normal settlement basis on Wednesday,
22 September 2010.
MOVERS
Nil Movers on the market yesterday 25/08/10.
The local market was quiet yesterday with BSP shares registering trades at K0.64, while others finished unchanged. In overseas, most of the markets closed generally higher after a late rally last night.
The bourse today has bids for BSP as high as K0.64 and LGL buyers are lined up at K9.10. Our Kina versus the aussie dollar this morning is buying 0.4266 and selling at 0.3821.
PNG NEWS
CUE: Cue Energy reported yesterday on its Financial year ending 30th June highlighting production income up 80% to A$54.7 million and its gross profit up 98% to A$43.6 million. It also reduced its debt to US$12 million.
LGL: Further to the announcement on 23 August 2010, LGL advises the New Newcrest Shares will
commence trading on ASX and POMSoX on a normal settlement basis on Wednesday,
22 September 2010.
MOVERS
Nil Movers on the market yesterday 25/08/10.
Friday, August 20, 2010
POMSoX UPDATE
LOCAL STOCKS
The local bourse was quiet yesterday, with BSP finishing steady over light volumes, while NBO slid -0.05 percent to K19.00. IOC on the NYSE ended at $63.81 adding 13 cents over night.
Pre-open phase of the market has bids for LGL as high as K9.05, as OSH bids are set to open at K13.00. Kina against aussie this morning is buying 0.4233 and selling 0.3792.
PNG NEWS
MSTG: Metal Storm Limited reported the results of the resolutions passed at the extraordinary general meeting of share holders.
MOVERS
Thursday’s movers on the local bourse 19/08/10;
NBO: -0.05%
The local bourse was quiet yesterday, with BSP finishing steady over light volumes, while NBO slid -0.05 percent to K19.00. IOC on the NYSE ended at $63.81 adding 13 cents over night.
Pre-open phase of the market has bids for LGL as high as K9.05, as OSH bids are set to open at K13.00. Kina against aussie this morning is buying 0.4233 and selling 0.3792.
PNG NEWS
MSTG: Metal Storm Limited reported the results of the resolutions passed at the extraordinary general meeting of share holders.
MOVERS
Thursday’s movers on the local bourse 19/08/10;
NBO: -0.05%
Wednesday, August 18, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse was again quiet yesterday with only light volumes changing hands for BSP and CCP at K0.65 and K1.45 respectively. While MGO lost 4.54 percent to close at K0.42 per share. KSi moved into positive territory yesterday adding 22 points to end at 6707 points.
The offshore markets rebounded off losses yesterday on positive corporate earnings from agricultural companies and FEDs dismissal of deflation as a concern. Today the local bourse will start the day strong with sellers for BSP shares at K0.66 and bids for LGL as high as K9.00. Kina versus aussie today is buying 0.4171 and selling at 0.3736.
MOVERS
Yesterday’s mover on the local share market 17/08/10;
BSP: 1.56%
LGL: 0.55%
MGO: -4.54%
The bourse was again quiet yesterday with only light volumes changing hands for BSP and CCP at K0.65 and K1.45 respectively. While MGO lost 4.54 percent to close at K0.42 per share. KSi moved into positive territory yesterday adding 22 points to end at 6707 points.
The offshore markets rebounded off losses yesterday on positive corporate earnings from agricultural companies and FEDs dismissal of deflation as a concern. Today the local bourse will start the day strong with sellers for BSP shares at K0.66 and bids for LGL as high as K9.00. Kina versus aussie today is buying 0.4171 and selling at 0.3736.
MOVERS
Yesterday’s mover on the local share market 17/08/10;
BSP: 1.56%
LGL: 0.55%
MGO: -4.54%
Tuesday, August 17, 2010
POMSoX UPDATE
LOCAL STOCKS
Nothing much happened on the local market yesterday, the market was quiet; BSP slid 1.53 percent settling at K0.64, while LGL ended unchanged at K9.00. KSi opened the week on weaker note losing 6 points to close at 6685 points.
The market is set to open flat this morning after steady leads from overseas following modest losses in the past weeks; CCP sellers are lined up at K1.45 and OSH has shares available at a low K13.24 per share. In Currency, Kina against aussie today is buying 0.4209 and selling 0.3770. No market releases yesterday.
MOVERS
Monday’s mover on the local share market 16/08/10;
BSP: -1.53%
Nothing much happened on the local market yesterday, the market was quiet; BSP slid 1.53 percent settling at K0.64, while LGL ended unchanged at K9.00. KSi opened the week on weaker note losing 6 points to close at 6685 points.
The market is set to open flat this morning after steady leads from overseas following modest losses in the past weeks; CCP sellers are lined up at K1.45 and OSH has shares available at a low K13.24 per share. In Currency, Kina against aussie today is buying 0.4209 and selling 0.3770. No market releases yesterday.
MOVERS
Monday’s mover on the local share market 16/08/10;
BSP: -1.53%
Monday, August 16, 2010
POMSoX UPDATE
LOCAL STOCKS
The local bourse closed relatively active with trades registering for BSP and CPL at K0.65 and K2.95 respectively, as OSH slid 0.07 percent to end the week at K13.26 reaching a high of K13.27. Off shore markets saw most indices closed in the red riding on comments by the FED that the pace of recovery is likely to be modest in the near term than had been anticipated.
The local share market may open slightly lower after mixed leads from overseas, with offers for CCP at a low K1.45 and bidders for OSH lined up at K12.00. Kina today is buying 0.4229 and selling 0.3788 aussie.
MOVERS
Friday’s movers on the bourse 13/08/10;
CCP: -0.68%
CPL: 0.34%
NBO: 0.05%
OSH: -0.07%
The local bourse closed relatively active with trades registering for BSP and CPL at K0.65 and K2.95 respectively, as OSH slid 0.07 percent to end the week at K13.26 reaching a high of K13.27. Off shore markets saw most indices closed in the red riding on comments by the FED that the pace of recovery is likely to be modest in the near term than had been anticipated.
The local share market may open slightly lower after mixed leads from overseas, with offers for CCP at a low K1.45 and bidders for OSH lined up at K12.00. Kina today is buying 0.4229 and selling 0.3788 aussie.
MOVERS
Friday’s movers on the bourse 13/08/10;
CCP: -0.68%
CPL: 0.34%
NBO: 0.05%
OSH: -0.07%
Friday, August 13, 2010
POMSoX UPDATE
LOCAL STOCKS
The market closed on a light note yesterday, with small volumes changing hands for BSP and CCP at K0.66 and K1.46 respectively. KSi was slightly down 0.03 percent to end at 6694 points. Offshore markets were all weaker on the back of disappointing growth data from US, China and Japan.
The market should open lower after negative leads from overseas, the bourse this morning has buying for BSP shares at K0.65, while sellers for NBO are at a low K19.00.Kina this morning is buying 0.4216 and selling 0.3777 aussie.
PNG NEWS
MGO: Marengo Mining Limited reported the completion of its capital raising on TSX raising CA$21 million for the funding of its DFS and regional copper exploration.
MOVERS
Thursday's movers on the bourse 12/08/10;
NBO: -0.05%
OSH: -0.15%
The market closed on a light note yesterday, with small volumes changing hands for BSP and CCP at K0.66 and K1.46 respectively. KSi was slightly down 0.03 percent to end at 6694 points. Offshore markets were all weaker on the back of disappointing growth data from US, China and Japan.
The market should open lower after negative leads from overseas, the bourse this morning has buying for BSP shares at K0.65, while sellers for NBO are at a low K19.00.Kina this morning is buying 0.4216 and selling 0.3777 aussie.
PNG NEWS
MGO: Marengo Mining Limited reported the completion of its capital raising on TSX raising CA$21 million for the funding of its DFS and regional copper exploration.
MOVERS
Thursday's movers on the bourse 12/08/10;
NBO: -0.05%
OSH: -0.15%
Wednesday, August 11, 2010
POMSoX UPDATE
LOCAL STOCKS
Tuesday, saw the bourse close calm with KSi finishing marginally higher at 6697 points, after BSP and CCP finished unchanged at K0.65 and K1.47 respectively.
The market this morning has bids for BSP at a high K0.64, while sellers are lined up at a low K0.65. LGL buyers are queued up at K9.00, while PGK is buying 0.4159 and selling at0.3725 aussie.
PNG NEWS
CUE: Cue Energy Resources Limited is pleased to announce the completion of the sale of its interest in PRL8 in Papua New Guinea for US$5.14M in cash.
MOVERS
Tuesday’s movers on the bourse 10/08/10;
NBO: 1.65%
OSH: -0.22%
Tuesday, saw the bourse close calm with KSi finishing marginally higher at 6697 points, after BSP and CCP finished unchanged at K0.65 and K1.47 respectively.
The market this morning has bids for BSP at a high K0.64, while sellers are lined up at a low K0.65. LGL buyers are queued up at K9.00, while PGK is buying 0.4159 and selling at0.3725 aussie.
PNG NEWS
CUE: Cue Energy Resources Limited is pleased to announce the completion of the sale of its interest in PRL8 in Papua New Guinea for US$5.14M in cash.
MOVERS
Tuesday’s movers on the bourse 10/08/10;
NBO: 1.65%
OSH: -0.22%
Monday, August 9, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse on Friday finished relatively calm with trades going through for BSP at K0.65, while CCP and OSH dipped 0.68 and 0.07 percent respectively; as KAM ended unchanged at K1.08. KSi edged higher by 11 points to close the week at 6696 points.
Pre-open phase this morning has bids for BSP at a high K0.65, while offers are available at K0.66. OSH has shares available at K13.32. In Currency, kina this morning is buying 0.4193 and selling at 0.3756 aussie. No news on the economic and corporate front.
MOVERS
Friday’s movers on the bourse 6/08/10;
BSP: 3.17%
CCP: -0.68%
OSH: -0.07%
The bourse on Friday finished relatively calm with trades going through for BSP at K0.65, while CCP and OSH dipped 0.68 and 0.07 percent respectively; as KAM ended unchanged at K1.08. KSi edged higher by 11 points to close the week at 6696 points.
Pre-open phase this morning has bids for BSP at a high K0.65, while offers are available at K0.66. OSH has shares available at K13.32. In Currency, kina this morning is buying 0.4193 and selling at 0.3756 aussie. No news on the economic and corporate front.
MOVERS
Friday’s movers on the bourse 6/08/10;
BSP: 3.17%
CCP: -0.68%
OSH: -0.07%
Thursday, August 5, 2010
POMSoX UPDATE
LOCAL STOCKS
Wednesday, had the bourse close relatively active with reasonable volumes changing hands for BSP at K0.64, LGL edged 2.27 percent higher with trades registering at K9.00; on the other hand OSH slid, to close marginally lower at K13.34.
This morning has BSP shares available at K0.65, while CCP sellers are lined up at K1.47. Kina this morning is buying 0.4260 and selling 0.3767 aussie. In economic news, the Bank of PNG released data that inflation was at 5 percent for the March Quarter, while the KFR was maintained at 7 percent for the month of August.
MOVERS
Wednesday’s movers on the bourse 04/08/10 ;
BSP:1.58%
CCP: -0.67%
CPL: 0.33%
LGL: 2.27%
OSH: -0.29%
Wednesday, had the bourse close relatively active with reasonable volumes changing hands for BSP at K0.64, LGL edged 2.27 percent higher with trades registering at K9.00; on the other hand OSH slid, to close marginally lower at K13.34.
This morning has BSP shares available at K0.65, while CCP sellers are lined up at K1.47. Kina this morning is buying 0.4260 and selling 0.3767 aussie. In economic news, the Bank of PNG released data that inflation was at 5 percent for the March Quarter, while the KFR was maintained at 7 percent for the month of August.
MOVERS
Wednesday’s movers on the bourse 04/08/10 ;
BSP:1.58%
CCP: -0.67%
CPL: 0.33%
LGL: 2.27%
OSH: -0.29%
Tuesday, August 3, 2010
POMSoX UPDATE
Apologies, today’s update is not available due to technical difficulties experienced on POMSoX yesterday.
Monday, August 2, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse on Friday closed relatively active with reasonable volumes changing hands for BSP at K0.63; while LGL ended the week at K8.80 as OSH finished unchanged at K13.39. KSi edged higher by 18.47 points, to conclude the week at 6,640 points.
Pre-open phase this morning has a offer for BSPHA at K25, 400.00 per note as LGL sellers are lined up at a low K9.00. Kina this morning is buying 0.4287 and selling 0.3840 aussie.
MOVERS
Last Friday’s movers on the bourse 30/07/10;
BSP: 4.83%
OSH: -0.76%
The bourse on Friday closed relatively active with reasonable volumes changing hands for BSP at K0.63; while LGL ended the week at K8.80 as OSH finished unchanged at K13.39. KSi edged higher by 18.47 points, to conclude the week at 6,640 points.
Pre-open phase this morning has a offer for BSPHA at K25, 400.00 per note as LGL sellers are lined up at a low K9.00. Kina this morning is buying 0.4287 and selling 0.3840 aussie.
MOVERS
Last Friday’s movers on the bourse 30/07/10;
BSP: 4.83%
OSH: -0.76%
Thursday, July 29, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse was relatively active yesterday with KSi declining 5 points to close at 6,638.05; BSP settled 1.56 percent lower to K0.63 and CCP lost territory to end the day at K1.49 as LGL edged higher to finish the day at K8.79.
The pre-open phase of the market has offers for CPL and OSH at K2.95 and K13.38 respectively. Kina is buying 0.4356 and selling 0.3902 aussie.
MOVERS
Yesterday’s movers on the bourse 28/07/10;
BSP: -1.56%
CCP: -0.66%
LGL: 0.11%
NBO: 0.05%
OSH: -0.07%
The bourse was relatively active yesterday with KSi declining 5 points to close at 6,638.05; BSP settled 1.56 percent lower to K0.63 and CCP lost territory to end the day at K1.49 as LGL edged higher to finish the day at K8.79.
The pre-open phase of the market has offers for CPL and OSH at K2.95 and K13.38 respectively. Kina is buying 0.4356 and selling 0.3902 aussie.
MOVERS
Yesterday’s movers on the bourse 28/07/10;
BSP: -1.56%
CCP: -0.66%
LGL: 0.11%
NBO: 0.05%
OSH: -0.07%
Wednesday, July 28, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi closed marginally higher by 0.02 percent to 6643 points. BSP declined 1.53 percent to end the day at K0.65; while NBO edged higher to finish up at K18.97 as OSH ended the day at K13.41 over light volumes.
This morning has offers for BSP at K0.64 and CCP sellers are at a low K1.49. Kina this morning is stronger, buying 0.4356 and selling 0.3902 aussie.
PNG NEWS
NGE: New Guinea Energy Ltd yesterday afternoon reported securing a $25,000,000 equity subscription facility with US Based Investment Fund YA Global Master SPV Ltd (YA Global)
OSH: Oil Search Ltd released its quarterly results highlighting a total oil and gas production for the second quarter of 2010 was 1.94 million barrels of oil equivalent (mmboe), only marginally lower than first quarter production and total operating revenue was US$142.7 million compared to a US$133 million last quarter.
MOVERS
Yesterday’s movers on the bourse 27/07/10;
BSP: -1.53%
NBO: 2.54%
OSH: -0.07%
KSi closed marginally higher by 0.02 percent to 6643 points. BSP declined 1.53 percent to end the day at K0.65; while NBO edged higher to finish up at K18.97 as OSH ended the day at K13.41 over light volumes.
This morning has offers for BSP at K0.64 and CCP sellers are at a low K1.49. Kina this morning is stronger, buying 0.4356 and selling 0.3902 aussie.
PNG NEWS
NGE: New Guinea Energy Ltd yesterday afternoon reported securing a $25,000,000 equity subscription facility with US Based Investment Fund YA Global Master SPV Ltd (YA Global)
OSH: Oil Search Ltd released its quarterly results highlighting a total oil and gas production for the second quarter of 2010 was 1.94 million barrels of oil equivalent (mmboe), only marginally lower than first quarter production and total operating revenue was US$142.7 million compared to a US$133 million last quarter.
MOVERS
Yesterday’s movers on the bourse 27/07/10;
BSP: -1.53%
NBO: 2.54%
OSH: -0.07%
Tuesday, July 27, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market was quiet with light volumes crossing yesterday. BSP witnessed trades at K0.65; CCP ended the day steady at K1.50, the only mover was NBO falling 2.52 percent to close at K18.98 while on the LSE it finished at GBP4.82 down by 0.92 percent.
Bids for NBO are as high as K18.50 this morning while sellers for CCP shares are lined up at K1.50, no economic data was released to the market while on the corporate front, various mining companies released their Q2 activity reports.
In currency news, our kina has been stable for the past week averaging 0.4300, this morning it is buying 0.4333 and selling 0.3881 aussie as USD/PGK stands at 0.3909 today.
MOVERS
Yesterday’s movers on the local market 26/07/10;
NBO: -2.52%
The local market was quiet with light volumes crossing yesterday. BSP witnessed trades at K0.65; CCP ended the day steady at K1.50, the only mover was NBO falling 2.52 percent to close at K18.98 while on the LSE it finished at GBP4.82 down by 0.92 percent.
Bids for NBO are as high as K18.50 this morning while sellers for CCP shares are lined up at K1.50, no economic data was released to the market while on the corporate front, various mining companies released their Q2 activity reports.
In currency news, our kina has been stable for the past week averaging 0.4300, this morning it is buying 0.4333 and selling 0.3881 aussie as USD/PGK stands at 0.3909 today.
MOVERS
Yesterday’s movers on the local market 26/07/10;
NBO: -2.52%
Wednesday, July 21, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market yesterday witnessed light volumes changing hands for BSP and HIG at K0.65 and K0.64 respectively; while others closed steady. KSi advanced into positive territory, adding 5 points to finish at 6641 points. In overseas, NGE ended at 21 cents with reasonable volumes.
On the resources front, most of the metals edged higher after speculation that China will ease measures to curb growth and also US building permits rising for the month of June boosting demand prospects for copper. Gold posted a gain of $9.80 to $1191.70 per ounce last night.
This morning will see the markets open the day flat but should close higher after positive sentiments that the Global economic recovery is on track. The pre-open phase of the market has BSPHA available at K25400.00; the note pays 11 percent per 6 months. Kina this morning, is buying 0.4304 and selling 0.3855 aussie.
PNG NEWS
NGE: New Guinea Energy yesterday did a private placement of 15 million ordinary shares to Macquarie Bank Limited at 20 cents aussie raising 3 million dollars.
No other releases to the market.
MOVERS
Yesterday’s movers on the bourse 20/07/10;
BSP: 1.56%
HIG: 1.53%
NBO: -0.05%
The local market yesterday witnessed light volumes changing hands for BSP and HIG at K0.65 and K0.64 respectively; while others closed steady. KSi advanced into positive territory, adding 5 points to finish at 6641 points. In overseas, NGE ended at 21 cents with reasonable volumes.
On the resources front, most of the metals edged higher after speculation that China will ease measures to curb growth and also US building permits rising for the month of June boosting demand prospects for copper. Gold posted a gain of $9.80 to $1191.70 per ounce last night.
This morning will see the markets open the day flat but should close higher after positive sentiments that the Global economic recovery is on track. The pre-open phase of the market has BSPHA available at K25400.00; the note pays 11 percent per 6 months. Kina this morning, is buying 0.4304 and selling 0.3855 aussie.
PNG NEWS
NGE: New Guinea Energy yesterday did a private placement of 15 million ordinary shares to Macquarie Bank Limited at 20 cents aussie raising 3 million dollars.
No other releases to the market.
MOVERS
Yesterday’s movers on the bourse 20/07/10;
BSP: 1.56%
HIG: 1.53%
NBO: -0.05%
Tuesday, July 20, 2010
NGE set to raise A$3 million
New Guinea Energy Ltd (NGE) is pleased to announce that it has reached agreement to raise $3million by way of private placement of 15,000,000 at $0.20 per share to Macquarie Bank Limited (MBL), a professional investor, in accordance with section 708 of the Corporations Act 2001(Act).
POMSoX UPDATE
LOCAL STOCKS
The market was quiet yesterday, with small volumes registering for OSH and NGIP at K13.42 and K1.30 respectively. Overseas, NGE closed at 21 cents with offers ending at 21.5 cents. On the Resources front, base metals finished mixed with the precious metal dipping 0.53 percent to $1181.90 per ounce, as crude added 53 cents to $76.54 per barrel.
This morning may see the market open slightly higher riding on reports of potential stimulus plans in China, and as business activity in US improves. Pre-open phase has sellers lined for OSH at a low K13.40, while CPL shares are available at K2.95. In currency news, Kina is buying 0.4379 and selling 0.3922 aussie.
PNG NEWS
OSH: Oil Search Limited yesterday announced the appointment of Dr Agu Kantsler as a non- executive director of its board.
MOVERS
Yesterday’s movers on the bourse 19/07/10;
MGO: -2.27%
The market was quiet yesterday, with small volumes registering for OSH and NGIP at K13.42 and K1.30 respectively. Overseas, NGE closed at 21 cents with offers ending at 21.5 cents. On the Resources front, base metals finished mixed with the precious metal dipping 0.53 percent to $1181.90 per ounce, as crude added 53 cents to $76.54 per barrel.
This morning may see the market open slightly higher riding on reports of potential stimulus plans in China, and as business activity in US improves. Pre-open phase has sellers lined for OSH at a low K13.40, while CPL shares are available at K2.95. In currency news, Kina is buying 0.4379 and selling 0.3922 aussie.
PNG NEWS
OSH: Oil Search Limited yesterday announced the appointment of Dr Agu Kantsler as a non- executive director of its board.
MOVERS
Yesterday’s movers on the bourse 19/07/10;
MGO: -2.27%
Friday, July 16, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse was again calm yesterday with light volumes changing hands for BSP at K0.65, while CCP closed unchanged at K1.50, likewise HIG ending unchanged at K0.65. Resulting in the KSi finishing steady at 6645.
The pre-open phase of the market has offers available for CCP as low as K1.51, while LGL bidders are queued up at K8.77. Kina this morning is slightly weaker, buying 0.4306 and selling aussie at 0.3857
MOVERS
Thursday’s movers on the bourse 15/07/10;
No movers on the bourse yesterday.
The bourse was again calm yesterday with light volumes changing hands for BSP at K0.65, while CCP closed unchanged at K1.50, likewise HIG ending unchanged at K0.65. Resulting in the KSi finishing steady at 6645.
The pre-open phase of the market has offers available for CCP as low as K1.51, while LGL bidders are queued up at K8.77. Kina this morning is slightly weaker, buying 0.4306 and selling aussie at 0.3857
MOVERS
Thursday’s movers on the bourse 15/07/10;
No movers on the bourse yesterday.
Wednesday, July 14, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse was relatively calm yesterday with reasonable volumes changing hands for BSP at K0.65, while CCP lost nearly 2 percent to K1.51 as others closed unchanged. Overseas, IOC surged $51.51 after opening the day at $50.41 on the NYSE.
Today the bourse should open stronger after positive leads from the overseas markets; kina this morning is buying 0.4276 and selling 0.3831 aussie.
MOVERS
Yesterday’s movers on the bourse 13/07/10;
BSP: -1.51%
CCP: -1.96%
The bourse was relatively calm yesterday with reasonable volumes changing hands for BSP at K0.65, while CCP lost nearly 2 percent to K1.51 as others closed unchanged. Overseas, IOC surged $51.51 after opening the day at $50.41 on the NYSE.
Today the bourse should open stronger after positive leads from the overseas markets; kina this morning is buying 0.4276 and selling 0.3831 aussie.
MOVERS
Yesterday’s movers on the bourse 13/07/10;
BSP: -1.51%
CCP: -1.96%
Friday, July 9, 2010
POMSoX UPDATE
LOCAL STOCKS
Yesterday saw the bourse close relatively active with reasonable volumes crossing for BSP at K0.65; LGL climbed 1.16 percent to K8.71 while OSH lost 7 toeas to K13.44. KSi edged higher by 0.40 percent to end the day at 6635 points.
The market today has offers for BSP at a low K0.64 while LGL has offers at a low K8.80. Kina this morning is buying 0.4310 and selling at0.3860 aussie.
MOVERS
Yesterday’s movers on the bourse 08/07/10;
LGL: 1.16%
OSH: -0.07%
Yesterday saw the bourse close relatively active with reasonable volumes crossing for BSP at K0.65; LGL climbed 1.16 percent to K8.71 while OSH lost 7 toeas to K13.44. KSi edged higher by 0.40 percent to end the day at 6635 points.
The market today has offers for BSP at a low K0.64 while LGL has offers at a low K8.80. Kina this morning is buying 0.4310 and selling at0.3860 aussie.
MOVERS
Yesterday’s movers on the bourse 08/07/10;
LGL: 1.16%
OSH: -0.07%
Thursday, July 8, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market saw another quiet day with only a few trades going through, resulting in the KSi finishing unchanged at 6605 points. BSP witnessed trades at K0.65 reaching a high of K0.66, while CCP finished at K1.53 per share. In overseas, IOC closed stronger by 84 cents to $47.36.
Pre-open phase of the market today has buyers for BSP lined up at K0.65, and NBO has sellers at a low K19.20. The market today should open higher, after strong leads from overseas markets. Kina this morning is buying 0.4375 and selling 0.3919 aussie.
PNG NEWS
IOC: InterOil Corporation released a drilling update on its Antelope 2 structure that the well flowed at a stabilized gas rate between 5.7 and 7.3 million cubic feet of natural gas per day (MMcfd) through various choke sizes with no formation water produced.
LGL: Lihir Gold Limited’s Board of Directors has approved the de‐listing of the company’s shares from the Toronto Stock Exchange (TSX). The decision to seek a delisting was taken due to the low turnover of LGL shares on the Toronto exchange, and the small level of LGL share ownership in Canada. Trading in LGL shares on the TSX is scheduled to cease from the close of trade on July 12, 2010.
MOVERS
Yesterday’s movers on the bourse 07/07/10;
Nil movers on the bourse.
The local market saw another quiet day with only a few trades going through, resulting in the KSi finishing unchanged at 6605 points. BSP witnessed trades at K0.65 reaching a high of K0.66, while CCP finished at K1.53 per share. In overseas, IOC closed stronger by 84 cents to $47.36.
Pre-open phase of the market today has buyers for BSP lined up at K0.65, and NBO has sellers at a low K19.20. The market today should open higher, after strong leads from overseas markets. Kina this morning is buying 0.4375 and selling 0.3919 aussie.
PNG NEWS
IOC: InterOil Corporation released a drilling update on its Antelope 2 structure that the well flowed at a stabilized gas rate between 5.7 and 7.3 million cubic feet of natural gas per day (MMcfd) through various choke sizes with no formation water produced.
LGL: Lihir Gold Limited’s Board of Directors has approved the de‐listing of the company’s shares from the Toronto Stock Exchange (TSX). The decision to seek a delisting was taken due to the low turnover of LGL shares on the Toronto exchange, and the small level of LGL share ownership in Canada. Trading in LGL shares on the TSX is scheduled to cease from the close of trade on July 12, 2010.
MOVERS
Yesterday’s movers on the bourse 07/07/10;
Nil movers on the bourse.
Wednesday, July 7, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi lost 548 points yesterday to close at 6592 points, attributed to BSP and LGL finishing weaker at K0.65 and K8.61 respectively, while CPL closed the day unchanged at K2.95 over light volumes. IOC on the NYSE dropped 1.01 percent to end the day at $46.05 as NBPO on the LSE concluded at GBP4.94 per share.
The market may open stronger today on the back of positive leads from overseas markets after the US broke a seven day slide, after traders sort through the market for beaten down stocks.
Pre-open phase of the market has bids for OSH as high as K13.44, while sellers for CCP are lined up at K1.53. In currency news, Kina for the past few days has been strong against the aussie trading above the 0.4000 aussie markets. Today it is buying 0.4459 and selling 0.3994 aussie.
PNG NEWS
MOS: Mosaic Oil Limited released an update on the AGL proposal to acquire all of the issued shares in Mosaic at a cash price of 15 cents per share with a scrip alternative.
MOVERS
Yestertday’s movers on the bourse 06/07/10;
BSP: -1.51%
LGL: -16.40
KSi lost 548 points yesterday to close at 6592 points, attributed to BSP and LGL finishing weaker at K0.65 and K8.61 respectively, while CPL closed the day unchanged at K2.95 over light volumes. IOC on the NYSE dropped 1.01 percent to end the day at $46.05 as NBPO on the LSE concluded at GBP4.94 per share.
The market may open stronger today on the back of positive leads from overseas markets after the US broke a seven day slide, after traders sort through the market for beaten down stocks.
Pre-open phase of the market has bids for OSH as high as K13.44, while sellers for CCP are lined up at K1.53. In currency news, Kina for the past few days has been strong against the aussie trading above the 0.4000 aussie markets. Today it is buying 0.4459 and selling 0.3994 aussie.
PNG NEWS
MOS: Mosaic Oil Limited released an update on the AGL proposal to acquire all of the issued shares in Mosaic at a cash price of 15 cents per share with a scrip alternative.
MOVERS
Yestertday’s movers on the bourse 06/07/10;
BSP: -1.51%
LGL: -16.40
Tuesday, July 6, 2010
POMSoX UPDATE
LOCAL STOCKS
The local bourse was quiet yesterday with light volumes changing hands for BSP and CCP at K0.66 and K1.53 respectively, while others finished unchanged. KSi ended in positive territory yesterday up 12.59 points to 7,153.24.
The markets may open lower today, riding on weaker leads from overseas markets. Pre-open phase has bids for BSP lining up at K0.65, as OSH bidders are as high as K13.00. In currency news Kina is buying 0.4521 while selling at 0.4050 aussie.
PNG NEWS
BPNG: Bank of PNG released the KFR (Kina facility rate) for the month of July at 7.00percent.
MOVERS
Monday’s movers on the bourse 05/07/10;
CCP: 0.65%
MGO: 69.23%
The local bourse was quiet yesterday with light volumes changing hands for BSP and CCP at K0.66 and K1.53 respectively, while others finished unchanged. KSi ended in positive territory yesterday up 12.59 points to 7,153.24.
The markets may open lower today, riding on weaker leads from overseas markets. Pre-open phase has bids for BSP lining up at K0.65, as OSH bidders are as high as K13.00. In currency news Kina is buying 0.4521 while selling at 0.4050 aussie.
PNG NEWS
BPNG: Bank of PNG released the KFR (Kina facility rate) for the month of July at 7.00percent.
MOVERS
Monday’s movers on the bourse 05/07/10;
CCP: 0.65%
MGO: 69.23%
Friday, July 2, 2010
POMSoX UPDATE
LOCAL STOCKS
The market was steady again with BSP registering reasonable volumes at K0.65, while CCP advanced 1.31 percent to close at K1.54; NBO finished unchanged at K19.00 whereas in LSE it ended on the upside gaining 0.50 percent to GBP4.92.
This morning has bids for BSP at a high K0.66, while NBO shares available at K19.00. The markets are expected be steady with mixed leads from overseas last night. Kina this morning is buying 0.4478 and selling 0.4011 aussie.
PNG NEWS
MOS: AGL Energy Ltd is seeking to buy out oil and gas explorer Mosaic Oil NL as part of a strategy to gain
control of the target's gas storage plant in central Queensland. The non-binding offer for Mosaic was for 15 cents per Mosaic share or 1.01 AGL shares per 100 Mosaic shares.
NGP: The Board of Directors of diversified PNG agri-business New Guinea Islands Produce Company Ltd (NGIP) announces the resignation Mr. Jack Diuvia and Mr. Garth McIlwain CBE as directors of the company and also accepted the resignation of the company’s Chief Executive Officer Geoff. Whebell, Chairman Don Manoa.
MOVERS
Wednesday’s movers on the local stock market 02/07/10;
CCP: 1.31%
The market was steady again with BSP registering reasonable volumes at K0.65, while CCP advanced 1.31 percent to close at K1.54; NBO finished unchanged at K19.00 whereas in LSE it ended on the upside gaining 0.50 percent to GBP4.92.
This morning has bids for BSP at a high K0.66, while NBO shares available at K19.00. The markets are expected be steady with mixed leads from overseas last night. Kina this morning is buying 0.4478 and selling 0.4011 aussie.
PNG NEWS
MOS: AGL Energy Ltd is seeking to buy out oil and gas explorer Mosaic Oil NL as part of a strategy to gain
control of the target's gas storage plant in central Queensland. The non-binding offer for Mosaic was for 15 cents per Mosaic share or 1.01 AGL shares per 100 Mosaic shares.
NGP: The Board of Directors of diversified PNG agri-business New Guinea Islands Produce Company Ltd (NGIP) announces the resignation Mr. Jack Diuvia and Mr. Garth McIlwain CBE as directors of the company and also accepted the resignation of the company’s Chief Executive Officer Geoff. Whebell, Chairman Don Manoa.
MOVERS
Wednesday’s movers on the local stock market 02/07/10;
CCP: 1.31%
Thursday, July 1, 2010
POMSoX UPDATE
LOCAL STOCKS
Wednesday saw the market finish steady with all the stocks finishing unchanged. BSP registered trades at K0.66 over reasonable volumes; while CPL closed at K2.95 and LGL witnessed trades at a low K10.30.
Pre-open phase of the market has buyers lined up at for BSP at K0.64 and CCP sellers are lined up at K1.53. Kina this morning is buying 0.4547 and selling 0.4073 aussie.
PNG NEWS
Nil Economic releases.
MOVERS
Wednesday’s movers on the local stock market 30/06/10;
Nil movers on the bourse.
Wednesday saw the market finish steady with all the stocks finishing unchanged. BSP registered trades at K0.66 over reasonable volumes; while CPL closed at K2.95 and LGL witnessed trades at a low K10.30.
Pre-open phase of the market has buyers lined up at for BSP at K0.64 and CCP sellers are lined up at K1.53. Kina this morning is buying 0.4547 and selling 0.4073 aussie.
PNG NEWS
Nil Economic releases.
MOVERS
Wednesday’s movers on the local stock market 30/06/10;
Nil movers on the bourse.
Wednesday, June 30, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi finished steady losing 2 points and maintaining its level at 7134 points; BSP was the only mover yesterday declining 2.38 percent to close at K0.66, as KAM and OSH ended the day unchanged at K1.08 and K13.45 respectively.
The market is set to open lower again on negative leads from overseas markets riding on a weaker consumer confidence data and worries about a global slowdown; bids are available for LGL as high as K8.60 while BSP sellers are lined up at k0.66. Kina this morning, is buying 0.4559 and selling 0.3994 aussie.
PNG NEWS
Nil Economic releases.
MOVERS
Yesterday’s movers on the bourse 29/06/10;
BSP: -2.98%
KSi finished steady losing 2 points and maintaining its level at 7134 points; BSP was the only mover yesterday declining 2.38 percent to close at K0.66, as KAM and OSH ended the day unchanged at K1.08 and K13.45 respectively.
The market is set to open lower again on negative leads from overseas markets riding on a weaker consumer confidence data and worries about a global slowdown; bids are available for LGL as high as K8.60 while BSP sellers are lined up at k0.66. Kina this morning, is buying 0.4559 and selling 0.3994 aussie.
PNG NEWS
Nil Economic releases.
MOVERS
Yesterday’s movers on the bourse 29/06/10;
BSP: -2.98%
Monday, June 28, 2010
POMSoX UPDATE
LOCAL STOCKS
The market remained steady last Friday with modest volumes changing hands for BSP at K0.66; while CCP and NBO finished unchanged at K1.53 and K19.00 respectively. KSi closed fairly flat closing at 6519 points. The overseas markets tumbled as the Fed Reserve gave a cautious outlook on the economic recovery.
The markets are expected to open lower from negative leads but should end marginally flat. BSP has offers at K0.66, while CCP is trading at K1.53. In currency, kina versus aussie this morning fell from Friday’s range buying 0.4309 and selling at 0.3860 today.
PNG NEWS
News that Prime Minister has appointed Arthur Somare as the Acting treasurer taking in charge the vacancy after Mr. Pruaitch was suspended.
MOVERS
Last Friday’s movers on the bourse 25/06/10;
OSH: 0.07%
The market remained steady last Friday with modest volumes changing hands for BSP at K0.66; while CCP and NBO finished unchanged at K1.53 and K19.00 respectively. KSi closed fairly flat closing at 6519 points. The overseas markets tumbled as the Fed Reserve gave a cautious outlook on the economic recovery.
The markets are expected to open lower from negative leads but should end marginally flat. BSP has offers at K0.66, while CCP is trading at K1.53. In currency, kina versus aussie this morning fell from Friday’s range buying 0.4309 and selling at 0.3860 today.
PNG NEWS
News that Prime Minister has appointed Arthur Somare as the Acting treasurer taking in charge the vacancy after Mr. Pruaitch was suspended.
MOVERS
Last Friday’s movers on the bourse 25/06/10;
OSH: 0.07%
Friday, June 25, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi lost 10 points to close at 6518 points yesterday, with OSH being the only mover finishing marginally weaker at K13.44; others ended unchanged with BSPHA registering 4 notes being traded at K25, 000.00. Overseas, the markets continued their losing streak, on worries about global economic outlook and a renewed focus on Euro sovereign debt.
The markets may open weaker this morning, on weaker leads from overseas. BSP has bids in the pre-open phase at a high K0.64, while reasonable volumes for NBO are available at K19.00. Kina this morning is buying 0.4342 and selling 0.3899 aussie.
PNG NEWS
IBPC: Independent Public Business Corporation has been given the approval to sell five percent stake in its BSP Limited holding.
MOVERS
Thursday’s movers on the bourse 24/06/10;
OSH: -0.44%
KSi lost 10 points to close at 6518 points yesterday, with OSH being the only mover finishing marginally weaker at K13.44; others ended unchanged with BSPHA registering 4 notes being traded at K25, 000.00. Overseas, the markets continued their losing streak, on worries about global economic outlook and a renewed focus on Euro sovereign debt.
The markets may open weaker this morning, on weaker leads from overseas. BSP has bids in the pre-open phase at a high K0.64, while reasonable volumes for NBO are available at K19.00. Kina this morning is buying 0.4342 and selling 0.3899 aussie.
PNG NEWS
IBPC: Independent Public Business Corporation has been given the approval to sell five percent stake in its BSP Limited holding.
MOVERS
Thursday’s movers on the bourse 24/06/10;
OSH: -0.44%
Thursday, June 24, 2010
POMSoX UPDATE
LOCAL STOCKS
Wednesday witnessed KSi add 24 points to close at 6528 points. Reasonable volumes changed hands for BSP and KAM at K0.66 and K1.08 respectively; LGL advanced 1.21 percent to K8.35 as NBO closed unchanged. Resources were all lower with gold ending at $1238 per ounce.
The pre-open phase of the market has bids for BSP at K0.64 and offers for CCP are at a low K1.53. Kina is buying 0.4271 and selling aussie at 0.3826.
PNG NEWS
MSTG: Metal Storms Limited announced that the Company will issue 25,510,203 shares to the investors at a purchase price of 0.98 cents per share.
MOVERS
Yesterday’s movers on the bourse 23/06/10:
HIG: -10.95%
KAM: -4.42%
LGL: 1.21%
Wednesday witnessed KSi add 24 points to close at 6528 points. Reasonable volumes changed hands for BSP and KAM at K0.66 and K1.08 respectively; LGL advanced 1.21 percent to K8.35 as NBO closed unchanged. Resources were all lower with gold ending at $1238 per ounce.
The pre-open phase of the market has bids for BSP at K0.64 and offers for CCP are at a low K1.53. Kina is buying 0.4271 and selling aussie at 0.3826.
PNG NEWS
MSTG: Metal Storms Limited announced that the Company will issue 25,510,203 shares to the investors at a purchase price of 0.98 cents per share.
MOVERS
Yesterday’s movers on the bourse 23/06/10:
HIG: -10.95%
KAM: -4.42%
LGL: 1.21%
Wednesday, June 23, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse yesterday saw trades registering for CCP at K1.52, while MGO witnessed crossings at K0.44; NBO again slid 1.04 percent to K19.00 as OSH gained some territory to end the day at K13.50. KSi slipped 3 points concluding the day to close at 6503 points.
The markets this morning will head off into a weaker start with negative leads from offshore markets riding on the back weaker housing data and declining energy shares. BSP has bids available at K0.65 while sellers for CCP shares are lined up at a low K1.53. In currency news, our kina is buying 0.4267 and selling 0.3822 aussie.
PNG NEWS
Annual meetings will be held for CCP and NGIP this week Friday.
MOVERS
Tuesday’s movers on the bourse 22/06/10:
NBO: -1.04%
NGP: 0.71%
OSH: 0.37%
The bourse yesterday saw trades registering for CCP at K1.52, while MGO witnessed crossings at K0.44; NBO again slid 1.04 percent to K19.00 as OSH gained some territory to end the day at K13.50. KSi slipped 3 points concluding the day to close at 6503 points.
The markets this morning will head off into a weaker start with negative leads from offshore markets riding on the back weaker housing data and declining energy shares. BSP has bids available at K0.65 while sellers for CCP shares are lined up at a low K1.53. In currency news, our kina is buying 0.4267 and selling 0.3822 aussie.
PNG NEWS
Annual meetings will be held for CCP and NGIP this week Friday.
MOVERS
Tuesday’s movers on the bourse 22/06/10:
NBO: -1.04%
NGP: 0.71%
OSH: 0.37%
Thursday, June 17, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi added 6 points to 7142 points yesterday with BSP advancing adding 1.53 percent to close at K0.66; while others finished unchanged. In overseas, the markets ended on a flat note with guidance from euro which came under pressure with yield spreads widening on Portugal’s and Spain’s debt.
In commodities, it was another quiet night with most of the base metals finishing relatively calm. The precious metal lost $3.90 to $1230.50 per ounce as oil closed at $77.67 per barrel.
This morning we expect the markets to open weaker with offers for CPL as low as K2.95, and offers for NBO at K19.00 but it should finish strongly. Kina this morning is steady buying 0.4250 and selling at 0.3816 aussie.
PNG NEWS
No major economic releases.
MOVERS
Yesterday’s movers on the bourse 16/06/10:
BSP: 1.53%
KSi added 6 points to 7142 points yesterday with BSP advancing adding 1.53 percent to close at K0.66; while others finished unchanged. In overseas, the markets ended on a flat note with guidance from euro which came under pressure with yield spreads widening on Portugal’s and Spain’s debt.
In commodities, it was another quiet night with most of the base metals finishing relatively calm. The precious metal lost $3.90 to $1230.50 per ounce as oil closed at $77.67 per barrel.
This morning we expect the markets to open weaker with offers for CPL as low as K2.95, and offers for NBO at K19.00 but it should finish strongly. Kina this morning is steady buying 0.4250 and selling at 0.3816 aussie.
PNG NEWS
No major economic releases.
MOVERS
Yesterday’s movers on the bourse 16/06/10:
BSP: 1.53%
Tuesday, June 8, 2010
POMSoX UPDATE
LOCAL STOCKS
Local bourse closed quite active yesterday with reasonable volumes changing hands for BSP at K0.65, NBO lost 2.26 percent to end the day at K19.00 likewise OSH finishing marginally weaker at K13.45. KSi closed at 6431 points losing 28 points.
Overseas markets saw yet another day of negativity with US consumer credit and European concerns kept the market volatile. In commodities, gold posted $23.10 to close at $1240.80 per ounce as crude oil concluded at $71.44 per barrel.
Local market has offers available for CPL at K2.95, while NBO and OSH has sellers at a low K19.00 and K13.55 respectively. In Currency news, kina improved by 0.8 percent edging over the 0.4000 cents mark yesterday, this morning it is buying 0.4628 and selling at 0.4157 aussie.
MOVERS
Yesterday's movers on the bourse 7/06/10;
LGL: -0.12%
NBO: -2.26%
OSH: -0.73%
Local bourse closed quite active yesterday with reasonable volumes changing hands for BSP at K0.65, NBO lost 2.26 percent to end the day at K19.00 likewise OSH finishing marginally weaker at K13.45. KSi closed at 6431 points losing 28 points.
Overseas markets saw yet another day of negativity with US consumer credit and European concerns kept the market volatile. In commodities, gold posted $23.10 to close at $1240.80 per ounce as crude oil concluded at $71.44 per barrel.
Local market has offers available for CPL at K2.95, while NBO and OSH has sellers at a low K19.00 and K13.55 respectively. In Currency news, kina improved by 0.8 percent edging over the 0.4000 cents mark yesterday, this morning it is buying 0.4628 and selling at 0.4157 aussie.
MOVERS
Yesterday's movers on the bourse 7/06/10;
LGL: -0.12%
NBO: -2.26%
OSH: -0.73%
Monday, June 7, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi on Friday advanced 1.30 percent to close at 6460 points with LGL and OSH closing at K8.12 and K13.55 respectively. While others finished unchanged. Overseas, IOC ended last night at $47.64 registering a high of $50.37 for the day.
This morning has bids for BSP at K0.60, while sellers are lined up for CPL at K2.95. Kina against aussie is buying 0.4513 and selling 0.4059 today.
MOVERS
Friday’s movers on the bourse 4/06/10;
LGL: 0.12%
OSH: 4.15%
KSi on Friday advanced 1.30 percent to close at 6460 points with LGL and OSH closing at K8.12 and K13.55 respectively. While others finished unchanged. Overseas, IOC ended last night at $47.64 registering a high of $50.37 for the day.
This morning has bids for BSP at K0.60, while sellers are lined up for CPL at K2.95. Kina against aussie is buying 0.4513 and selling 0.4059 today.
MOVERS
Friday’s movers on the bourse 4/06/10;
LGL: 0.12%
OSH: 4.15%
Friday, June 4, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi closed the day unchanged with BSP registering trades at K0.65 while CPL finished the day at K2.95. NBO gained some territory to end the day at K19.44, with its offers closing at K19.40. In resources last night, metal prices eased over light volumes, with gold losing 1.03 percent to close at $1210 per ounce and oil ended higher at $74.61 per barrel.
The local market this morning has offers for CCP at a low K1.54, and OSH sellers are queued up at K13.55. Kina this morning is buying 0.4403 and selling 0.3960 aussie.
PNG NEWS
No major economic news.
MOVERS
Yesterday’s movers on the bourse 03/06/10 :
MGO: -16.66%
NBO: 2.31%
OSH: -0.68%
KSi closed the day unchanged with BSP registering trades at K0.65 while CPL finished the day at K2.95. NBO gained some territory to end the day at K19.44, with its offers closing at K19.40. In resources last night, metal prices eased over light volumes, with gold losing 1.03 percent to close at $1210 per ounce and oil ended higher at $74.61 per barrel.
The local market this morning has offers for CCP at a low K1.54, and OSH sellers are queued up at K13.55. Kina this morning is buying 0.4403 and selling 0.3960 aussie.
PNG NEWS
No major economic news.
MOVERS
Yesterday’s movers on the bourse 03/06/10 :
MGO: -16.66%
NBO: 2.31%
OSH: -0.68%
Tuesday, June 1, 2010
POMSoX UPDATE
LOCAL STOCKS
Monday saw a relatively calm opening for the week with BSP finishing steady at K0.65with bids as high as K0.60, as CCP edged higher to close at K1.58 on light volumes. While OSH lost 65 toeas to end at K13.00. KSi dropped 1.77 percent to 6360 points.
Market today has bids for CPL buying at K2.90 and offers for NBO are at a low K19.44. Kina this morning is buying 0.4329 and selling at 0.3865 aussie.
PNG NEWS
LGL: Lihir Gold Limited released an update on its mineral reserves and resources at its Bonikro operation in
Côte d’Ivoire.
OSH: Oil Search Limited reported that Tim Warren who is a non-executive director with the company resigned yesterday.
MOVERS
Yesterday’s movers on the bourse 31/05/10;
CCP: 2.59%
NGP: -0.71%
OSH: -4.76%
Monday saw a relatively calm opening for the week with BSP finishing steady at K0.65with bids as high as K0.60, as CCP edged higher to close at K1.58 on light volumes. While OSH lost 65 toeas to end at K13.00. KSi dropped 1.77 percent to 6360 points.
Market today has bids for CPL buying at K2.90 and offers for NBO are at a low K19.44. Kina this morning is buying 0.4329 and selling at 0.3865 aussie.
PNG NEWS
LGL: Lihir Gold Limited released an update on its mineral reserves and resources at its Bonikro operation in
Côte d’Ivoire.
OSH: Oil Search Limited reported that Tim Warren who is a non-executive director with the company resigned yesterday.
MOVERS
Yesterday’s movers on the bourse 31/05/10;
CCP: 2.59%
NGP: -0.71%
OSH: -4.76%
Monday, May 31, 2010
POMSoX UPDATE
MONDAY 31st MAY 2010
LOCAL STOCKS
The local bourse closed relatively flat on Friday with the only mover being NBO which gained 25t to close slightly higher at K19.44. All other stocks closed unchanged. The KSi climbed 4.12 points or 0.06% on Friday last week to close at 6,475.20, while the home index (KSHi) edged 37.85 points or 0.50% to close at 7,658.58 points.
The Open phase of the market has offers for BSP at K0.65 and OSH at K13.65; Kina versus Aussie is buying and selling at 0.4255 and 0.3812 Aussie.
MOVERS
Friday’s movers on the bourse 28/05/10;
NBO: -1.30%
LOCAL STOCKS
The local bourse closed relatively flat on Friday with the only mover being NBO which gained 25t to close slightly higher at K19.44. All other stocks closed unchanged. The KSi climbed 4.12 points or 0.06% on Friday last week to close at 6,475.20, while the home index (KSHi) edged 37.85 points or 0.50% to close at 7,658.58 points.
The Open phase of the market has offers for BSP at K0.65 and OSH at K13.65; Kina versus Aussie is buying and selling at 0.4255 and 0.3812 Aussie.
MOVERS
Friday’s movers on the bourse 28/05/10;
NBO: -1.30%
Thursday, May 27, 2010
POMSoX UPDATE
LOCAL STOCKS
Yesterday saw the market end on a steady note with BSP finishing steady at K0.66 and CPL registering trades at K2.95. NBO was the only mover finishing lower at K19.19 with a day’s high of K19.40. In overseas, IOC was down 2.11 percent to $47.24.
With mixed leads yesterday from overseas, bids for BSP in the pre-open phase are at a high K0.60, as sellers for OSH are lining up at K13.65. Kina versus aussie is buying 0.4389 and selling 0.3935 today.
MOVERS
Yesterday’s movers on the bourse 26/05/10;
NBO: -0.21%
Yesterday saw the market end on a steady note with BSP finishing steady at K0.66 and CPL registering trades at K2.95. NBO was the only mover finishing lower at K19.19 with a day’s high of K19.40. In overseas, IOC was down 2.11 percent to $47.24.
With mixed leads yesterday from overseas, bids for BSP in the pre-open phase are at a high K0.60, as sellers for OSH are lining up at K13.65. Kina versus aussie is buying 0.4389 and selling 0.3935 today.
MOVERS
Yesterday’s movers on the bourse 26/05/10;
NBO: -0.21%
Tuesday, May 25, 2010
POMSoX UPDATE
LOCAL STOCKS
Monday saw another quiet day on the local market with only a few trades going through for BSP at K0.66 likewise CPL closing at K2.95. The only mover on the day was HIG losing 1.33 percent to close at K0.74 while the others finished steady. In commodities, crude oil added 66 cents to close at $70.70 as the precious metal climbed 1.5 percent to $1194 per ounce.
The pre-open phase of the market has offers lined up at a low K0.66 for BSP while sellers are queued up at K0.74 for HIG. In currency news, Kina against aussie is buying and selling at 0.4335 and 0.3874 respectively.
MOVERS
Yesterday’s movers on the bourse 24/05/10;
HIG: -1.33%
Monday saw another quiet day on the local market with only a few trades going through for BSP at K0.66 likewise CPL closing at K2.95. The only mover on the day was HIG losing 1.33 percent to close at K0.74 while the others finished steady. In commodities, crude oil added 66 cents to close at $70.70 as the precious metal climbed 1.5 percent to $1194 per ounce.
The pre-open phase of the market has offers lined up at a low K0.66 for BSP while sellers are queued up at K0.74 for HIG. In currency news, Kina against aussie is buying and selling at 0.4335 and 0.3874 respectively.
MOVERS
Yesterday’s movers on the bourse 24/05/10;
HIG: -1.33%
Monday, May 24, 2010
POMSoX UPDATE
LOCAL STOCKS
Friday saw the market close relatively lower with very light volumes being traded for BSP and NBO; both stocks closed at K0.66 and K19.44 respectively. The KSi lost 7.61 points or 0.12% to close at 6,480.34. While on the NYSE, IOC closed at $46.90 reaching a high of $50.80 for the day.
The market today has a bid for CCP at K1.50 while sellers for OSH are lined up as low as K13.65. Kina this morning is buying 0.4337 and selling at 0.3876 aussie.
PNG NEWS
BSP Group announced a final dividend of 4 toea per share which will be paid on the 9th of July. This was announced at its annual meeting with shareholders on Friday.
MOVERS
Last Friday’s movers on the bourse 21/05/10;
NBO: -0.05%
OSH: -0.29%
Friday saw the market close relatively lower with very light volumes being traded for BSP and NBO; both stocks closed at K0.66 and K19.44 respectively. The KSi lost 7.61 points or 0.12% to close at 6,480.34. While on the NYSE, IOC closed at $46.90 reaching a high of $50.80 for the day.
The market today has a bid for CCP at K1.50 while sellers for OSH are lined up as low as K13.65. Kina this morning is buying 0.4337 and selling at 0.3876 aussie.
PNG NEWS
BSP Group announced a final dividend of 4 toea per share which will be paid on the 9th of July. This was announced at its annual meeting with shareholders on Friday.
MOVERS
Last Friday’s movers on the bourse 21/05/10;
NBO: -0.05%
OSH: -0.29%
Friday, May 21, 2010
POMSoX UPDATE
LOCAL STOCKS
Local market was again quiet throughout yesterday with light volumes changing hands, BSP remained steady at K0.66 and NBO advanced 2.36 percent to close at K19.45. OSH slid during the day finishing at K13.69, while on the ASX market it closed weaker at $5.25.
In overseas last night most of the indices ended sharply lower on worries that slow growth in Europe and a rising dollar could halt the global recovery. The local bourse may experience another quiet with offers for BSP and CCP available at K0.66 and K1.58 respectively.
PNG NEWS
BSP: BSP Group will hold its annual meeting today at the Crowne Plaza hotel, Port Moresby.
CGA: Airlines of PNG announced its signing of its air services deal with Essso Highlands Limited on PNG LNG project.
MOVERS
Yesterday’s movers on the bourse 20/05/10;
NBO: 2.36%
OSH: -0.79%
Local market was again quiet throughout yesterday with light volumes changing hands, BSP remained steady at K0.66 and NBO advanced 2.36 percent to close at K19.45. OSH slid during the day finishing at K13.69, while on the ASX market it closed weaker at $5.25.
In overseas last night most of the indices ended sharply lower on worries that slow growth in Europe and a rising dollar could halt the global recovery. The local bourse may experience another quiet with offers for BSP and CCP available at K0.66 and K1.58 respectively.
PNG NEWS
BSP: BSP Group will hold its annual meeting today at the Crowne Plaza hotel, Port Moresby.
CGA: Airlines of PNG announced its signing of its air services deal with Essso Highlands Limited on PNG LNG project.
MOVERS
Yesterday’s movers on the bourse 20/05/10;
NBO: 2.36%
OSH: -0.79%
Wednesday, May 19, 2010
POMSoX UPDATE
LOCAL STOCKS
Tuesday, saw the market close relatively active with reasonable volumes changing hands for BSP at K0.67, while CCP fell 0.62 percent to K1.58; on the upside was HIG finishing stronger at K0.75, while others closed unchanged. KSi was down 209 points to end at the 6270 mark.
Pre-open phase of the market has offers for CPL at a low K0.66, while buyers are queued up for CCP at K1.50. Kina this morning, is buying 0.4274 and selling at 0.3820 aussie.
MOVERS
Monday’s movers on the bourse 18/05/10;
CCP:- 0.62%
HIG: 1.35%
OSH: -8.75%
Tuesday, saw the market close relatively active with reasonable volumes changing hands for BSP at K0.67, while CCP fell 0.62 percent to K1.58; on the upside was HIG finishing stronger at K0.75, while others closed unchanged. KSi was down 209 points to end at the 6270 mark.
Pre-open phase of the market has offers for CPL at a low K0.66, while buyers are queued up for CCP at K1.50. Kina this morning, is buying 0.4274 and selling at 0.3820 aussie.
MOVERS
Monday’s movers on the bourse 18/05/10;
CCP:- 0.62%
HIG: 1.35%
OSH: -8.75%
Tuesday, May 18, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market saw another calm day with LGL closing higher at K8.06, while offers remained at a low K10.30; as others closed unchanged. KSi was up 12 percent to finish the day at 6484 points. In overseas, NBPO on the London stock exchange ended weaker by 2 percent to GBP5.22 per share.
The market should open flat after the weaker offshore leads. The pre-open phase of the market has offers for BSP at K0.67. Today, Kina is buying 0.4218 and selling 0.3769 aussie.
MOVERS
Monday’s movers on the bourse 17/05/10;
LGL: 0.62%
The local market saw another calm day with LGL closing higher at K8.06, while offers remained at a low K10.30; as others closed unchanged. KSi was up 12 percent to finish the day at 6484 points. In overseas, NBPO on the London stock exchange ended weaker by 2 percent to GBP5.22 per share.
The market should open flat after the weaker offshore leads. The pre-open phase of the market has offers for BSP at K0.67. Today, Kina is buying 0.4218 and selling 0.3769 aussie.
MOVERS
Monday’s movers on the bourse 17/05/10;
LGL: 0.62%
Monday, May 17, 2010
POMSoX UPDATE
LOCAL STOCKS
Friday saw another quiet day with trades registering for BSP at 69 toea, losing 1.47 percent. Likewise did HIG falling 1.33 percent to end at 74 toea per share, while others closed unchanged. KSi closed marginally lower losing 0.10 percent to 6472 points.
Pre-open phase has offers for BSP at a low K0.67 as sellers for CPL are lined up at K2.95. In currency, kina is buying 0.4182 and selling 0.3737 aussie this morning.
MOVERS
Last Friday’s movers on the bourse 14/05/10;
BSP: -1.47%
HIG: -1.33%
Friday saw another quiet day with trades registering for BSP at 69 toea, losing 1.47 percent. Likewise did HIG falling 1.33 percent to end at 74 toea per share, while others closed unchanged. KSi closed marginally lower losing 0.10 percent to 6472 points.
Pre-open phase has offers for BSP at a low K0.67 as sellers for CPL are lined up at K2.95. In currency, kina is buying 0.4182 and selling 0.3737 aussie this morning.
MOVERS
Last Friday’s movers on the bourse 14/05/10;
BSP: -1.47%
HIG: -1.33%
Thursday, May 13, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse closed weaker with modest volumes changing hands for most stocks. CCP declined 0.62 percent to finish at K1.59, as MGO ended the day unchanged at K0.44. OSH also closed steady at K13.70. In overseas, IOC gained $1.63 to close at $61.18 equivalent to K164.51.
This morning in the opening phase of the market has sellers for NBO shares at K19.00 while OSH stands at K13.99. Trend looks flat this morning on the local market, tracking overseas markets who a steady finish. Kina this morning is buying, 0.4161 and selling 0.3791 aussie.
MOVERS
Wednesday’s movers on the bourse 12/05/10;
CCP: -0.62%
The bourse closed weaker with modest volumes changing hands for most stocks. CCP declined 0.62 percent to finish at K1.59, as MGO ended the day unchanged at K0.44. OSH also closed steady at K13.70. In overseas, IOC gained $1.63 to close at $61.18 equivalent to K164.51.
This morning in the opening phase of the market has sellers for NBO shares at K19.00 while OSH stands at K13.99. Trend looks flat this morning on the local market, tracking overseas markets who a steady finish. Kina this morning is buying, 0.4161 and selling 0.3791 aussie.
MOVERS
Wednesday’s movers on the bourse 12/05/10;
CCP: -0.62%
Wednesday, May 12, 2010
POMSoX UPDATE
LOCAL STOCKS
Trading on the bourse yesterday, was relatively active with almost all trading companies saw trades going through. BSP remained unchanged at K0.68 as MGO and NBO ended the day weaker at K0.44 and K19.50 respectively.
The pre-open phase of the market has offers for CPL at K2.95 while NBO shares are available at K19.00. Kina against is buying at 0.4205 and selling 0.3758 aussie.
MOVERS
Yesterday’s movers on the bourse yesterday 11/05/10.
LGL: 0.12%
MGO: -2.22%
NBO: -0.26%
Trading on the bourse yesterday, was relatively active with almost all trading companies saw trades going through. BSP remained unchanged at K0.68 as MGO and NBO ended the day weaker at K0.44 and K19.50 respectively.
The pre-open phase of the market has offers for CPL at K2.95 while NBO shares are available at K19.00. Kina against is buying at 0.4205 and selling 0.3758 aussie.
MOVERS
Yesterday’s movers on the bourse yesterday 11/05/10.
LGL: 0.12%
MGO: -2.22%
NBO: -0.26%
Tuesday, May 11, 2010
POMSoX UPDATE
LOCAL STOCKS
The market remained flat yesterday with KSi closing unchanged at 6477 points; as BSP registered trades at K0.68, and CPL bidders ended at a high K2.90. Overseas, saw most of the indices ending in positive territory, after news that $1 trillion plan was released to contain Europe’s debt crisis.
This morning may see the market open stronger riding on positive sentiments offshore, with shares available for NBO at K19.50, while offers for LGL remain at a low K9.50. In currency news, Kina is buying 0.4122 and selling 0.3684 aussie.
MOVERS
Nil movers on the bourse yesterday 10/05/10.
The market remained flat yesterday with KSi closing unchanged at 6477 points; as BSP registered trades at K0.68, and CPL bidders ended at a high K2.90. Overseas, saw most of the indices ending in positive territory, after news that $1 trillion plan was released to contain Europe’s debt crisis.
This morning may see the market open stronger riding on positive sentiments offshore, with shares available for NBO at K19.50, while offers for LGL remain at a low K9.50. In currency news, Kina is buying 0.4122 and selling 0.3684 aussie.
MOVERS
Nil movers on the bourse yesterday 10/05/10.
Monday, May 10, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi slid into negative territory on Friday closing at 6477 points, with offers for CCP closing at K1.59. Trades registered for LGL at K8.00 while NBO finished 2.30 percent lower.
This morning has sellers for BSP at a low K0.68 while bidders for NBO are as high as K19.00; kina is buying 0.4134 and selling at 0.3694 aussie this morning.
MOVERS
Friday’s movers on the bourse 7/05/10;
NBO: -2.30%
OSH: 0.07%
KSi slid into negative territory on Friday closing at 6477 points, with offers for CCP closing at K1.59. Trades registered for LGL at K8.00 while NBO finished 2.30 percent lower.
This morning has sellers for BSP at a low K0.68 while bidders for NBO are as high as K19.00; kina is buying 0.4134 and selling at 0.3694 aussie this morning.
MOVERS
Friday’s movers on the bourse 7/05/10;
NBO: -2.30%
OSH: 0.07%
Friday, May 7, 2010
POMSoX UPDATE
LOCAL STOCKS
Market was again down yesterday by 9 points to end at 6483 points. BSP also lost 1.44 percent to register trades at K0.68, likewise HIG tracking the resource sector in Aussie to close lower at K0.75. NBO finished marginally flat at K19.50 while on the LSE it closed at GBP5.36.
In company news, IOC yesterday announced that it will release financial and operating results for the first quarter of 2010, after the market closes for trading on Wednesday May 12th, 2010.
This morning has buyers for CPL lined up as high as K2.90 for CPL, while sellers are queued up at K0.68, while Kina against aussie is buying 0.4199 and selling at 0.3752 today.
MOVERS
Wednesday’s movers on the bourse 05/05/10;
BSP: -1.44%
HIG: -6.25%
NBO: 0.25%
Market was again down yesterday by 9 points to end at 6483 points. BSP also lost 1.44 percent to register trades at K0.68, likewise HIG tracking the resource sector in Aussie to close lower at K0.75. NBO finished marginally flat at K19.50 while on the LSE it closed at GBP5.36.
In company news, IOC yesterday announced that it will release financial and operating results for the first quarter of 2010, after the market closes for trading on Wednesday May 12th, 2010.
This morning has buyers for CPL lined up as high as K2.90 for CPL, while sellers are queued up at K0.68, while Kina against aussie is buying 0.4199 and selling at 0.3752 today.
MOVERS
Wednesday’s movers on the bourse 05/05/10;
BSP: -1.44%
HIG: -6.25%
NBO: 0.25%
Thursday, May 6, 2010
POMSoX UPDATE
LOCAL STOCKS
Market was quiet yesterday, with small volumes changing hands, BSP again finished unchanged at K0.69, while LGL fell 1.23 percent with reasonable volumes. Overseas, IOC in US lost $1.42 to close at US$61.75 and NBPO on the LSE also ended the day weaker by GBP7 to GBP5.36.
Pre-open phase of the market has bids for MGO as high as K0.30 as offers for CPL are available at K2.95. Kina versus aussie is buying at 0.4128 and selling 0.3689 today.
Market was quiet yesterday, with small volumes changing hands, BSP again finished unchanged at K0.69, while LGL fell 1.23 percent with reasonable volumes. Overseas, IOC in US lost $1.42 to close at US$61.75 and NBPO on the LSE also ended the day weaker by GBP7 to GBP5.36.
Pre-open phase of the market has bids for MGO as high as K0.30 as offers for CPL are available at K2.95. Kina versus aussie is buying at 0.4128 and selling 0.3689 today.
Wednesday, May 5, 2010
POMSoX UPDATE
LOCAL STOCKS
The KSi was down yesterday losing 0.25 percent to close at 6525 points; HIG and NBO ended the day stronger finishing 6.66 and 2.09 percent respectively. While OSH gave up 30 toeas to conclude trading at K13.69, after reaching a high of K13.70 for the day. On the Aussie market, LGL closed $3.79 as OSH closed at $5.88.
The market received negative leads from overseas as most of the international indices ended lower. The offers for BSP remain at K0.69 and sellers are lined up at a low K19.45 for NBO. Kina against aussie today is buying 0.4118 and selling at 0.3680.
PNG NEWS
BSP: The largest banking network in South Pacific, BSP and IFC enter into talks for debt and equity investment.
CGA: Airlines of PNG announced Augustine Mano was appointed as an additional director, while Michael Koisen replaced Steve O’Brien as company secretary.
LGL: Lihir Gold Limited accepts the offer by Australia’s biggest gold miner Newcrest Mining to merge, an announcement was released yesterday reporting both companies entering into Merger implementation agreement.
MOVERS
Yesterday’s movers on the bourse 04/05/10;
HIG: 6.66%
LGL: 1.25%
NBO: 2.09%
OSH: -2.14%
The KSi was down yesterday losing 0.25 percent to close at 6525 points; HIG and NBO ended the day stronger finishing 6.66 and 2.09 percent respectively. While OSH gave up 30 toeas to conclude trading at K13.69, after reaching a high of K13.70 for the day. On the Aussie market, LGL closed $3.79 as OSH closed at $5.88.
The market received negative leads from overseas as most of the international indices ended lower. The offers for BSP remain at K0.69 and sellers are lined up at a low K19.45 for NBO. Kina against aussie today is buying 0.4118 and selling at 0.3680.
PNG NEWS
BSP: The largest banking network in South Pacific, BSP and IFC enter into talks for debt and equity investment.
CGA: Airlines of PNG announced Augustine Mano was appointed as an additional director, while Michael Koisen replaced Steve O’Brien as company secretary.
LGL: Lihir Gold Limited accepts the offer by Australia’s biggest gold miner Newcrest Mining to merge, an announcement was released yesterday reporting both companies entering into Merger implementation agreement.
MOVERS
Yesterday’s movers on the bourse 04/05/10;
HIG: 6.66%
LGL: 1.25%
NBO: 2.09%
OSH: -2.14%
Tuesday, May 4, 2010
POMSoX UPDATE
LOCAL STOCKS
The market finished relatively calm yesterday, but closed higher after OSH advanced 2.19 percent to K13.99 while NBO closed weaker losing 40 toeas to K19.05 reaching a day’s high of K19.45. In overseas, NGE and HIG finished unchanged after seeing reasonable volumes changing hands at 22 and 28 cents aussie.
The market this morning has offers for BSP available at K0.69, as buyers for HIG shares are queued up at K0.75. Kina this morning is buying 0.4038 and 0.3609 aussie. Kina Facility Rate (KFR) as reported by the Central Bank remains steady for the month of May at 7.00 percent.
MOVERS
Monday’s movers on the bourse 03/05/10:
NBO: -2.05%
OSH: 2.19%
The market finished relatively calm yesterday, but closed higher after OSH advanced 2.19 percent to K13.99 while NBO closed weaker losing 40 toeas to K19.05 reaching a day’s high of K19.45. In overseas, NGE and HIG finished unchanged after seeing reasonable volumes changing hands at 22 and 28 cents aussie.
The market this morning has offers for BSP available at K0.69, as buyers for HIG shares are queued up at K0.75. Kina this morning is buying 0.4038 and 0.3609 aussie. Kina Facility Rate (KFR) as reported by the Central Bank remains steady for the month of May at 7.00 percent.
MOVERS
Monday’s movers on the bourse 03/05/10:
NBO: -2.05%
OSH: 2.19%
Monday, May 3, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse experienced technical difficulties almost whole of last week, closing weaker on Friday by 23 points to end at 7911 points. The major movers on the day included CPL advancing 5.35 percent to K2.95, while HIG lost 6.25 percent registering trades at K0.75 as others closed unchanged.
In overseas, NBPO on the London Stock market (LSE) finished stronger adding GBP2.50 to close the day at GBP5.47, over reasonable volumes, as IOC closed at US$68.81 on the NYSE.
The pre-open phase of the market has offers for CPL available at K3.00 while bids for LGL are as high as K8.00. Kina this morning, is buying aussie at 0.4056 while selling at 0.3624.
MOVERS
Last Week Friday’s movers 30/04/10;
CPL: 5.35%
HIG: -6.25%
The bourse experienced technical difficulties almost whole of last week, closing weaker on Friday by 23 points to end at 7911 points. The major movers on the day included CPL advancing 5.35 percent to K2.95, while HIG lost 6.25 percent registering trades at K0.75 as others closed unchanged.
In overseas, NBPO on the London Stock market (LSE) finished stronger adding GBP2.50 to close the day at GBP5.47, over reasonable volumes, as IOC closed at US$68.81 on the NYSE.
The pre-open phase of the market has offers for CPL available at K3.00 while bids for LGL are as high as K8.00. Kina this morning, is buying aussie at 0.4056 while selling at 0.3624.
MOVERS
Last Week Friday’s movers 30/04/10;
CPL: 5.35%
HIG: -6.25%
Thursday, April 29, 2010
POMSoX UPDATE
LOCAL STOCKS
The market was again closed due to power outage and technical difficulties experienced yesterday, hopefully, all is restored today.
The market was again closed due to power outage and technical difficulties experienced yesterday, hopefully, all is restored today.
Wednesday, April 28, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi was up yesterday on the back of strong moves by CPL and BSPHA closing stronger by 1.81 and 2.05 respectively. While BSP ended the day flat at K0.69 on light volumes, as LGL had bid as high as K8.00.
In company news, OSH released saying natural field decline, reservoir management issues and a scheduled shutdown are to blame for its first quarter production falling from the previous three months. MGO also announced its commencement in deep drilling at Yandera.
The pre-open phase of the market has offers available for CPL at K2.80 as BSP sellers are queued at K0.69. Kina this morning against aussie is buying at 0.4193 and selling at 0.3747.
MOVERS
Movers on the bourse yesterday 27/04/10;
BSPHA: 2.05%
CCP: 0.62%
CPL: 1.81%
HIG 21.21%
NBO: -0.25%
OSH: 4.50%
KSi was up yesterday on the back of strong moves by CPL and BSPHA closing stronger by 1.81 and 2.05 respectively. While BSP ended the day flat at K0.69 on light volumes, as LGL had bid as high as K8.00.
In company news, OSH released saying natural field decline, reservoir management issues and a scheduled shutdown are to blame for its first quarter production falling from the previous three months. MGO also announced its commencement in deep drilling at Yandera.
The pre-open phase of the market has offers available for CPL at K2.80 as BSP sellers are queued at K0.69. Kina this morning against aussie is buying at 0.4193 and selling at 0.3747.
MOVERS
Movers on the bourse yesterday 27/04/10;
BSPHA: 2.05%
CCP: 0.62%
CPL: 1.81%
HIG 21.21%
NBO: -0.25%
OSH: 4.50%
Tuesday, April 27, 2010
POMSoX UPDATE
TUESDAY 27th APRIL 2010
There were no trades yesterday as our Local bourse had power outage, while in Aussie, the market was closed due to ANZAC day.
There were no trades yesterday as our Local bourse had power outage, while in Aussie, the market was closed due to ANZAC day.
Monday, April 26, 2010
POMSoX UPDATE
MONDAY 26th APRIL 2010
LOCAL STOCKS
Nothing much happened on the market last Friday, only a few trades went through for BSP and HIG at K0.69 and K0.66 respectively. CPL lost 1.78 percent over light volumes to end at K2.75, the other decline on the day was that of OSH falling 4 percent to close the week at K13.10.
The trend generally looks steady, with buyers lining up for LGL at K8.00, and offers for CPL at a low K2.80. Kina up against the aussie stands at 0.4111 buying and selling at 0.3674 today.
MOVERS
Last week Friday’s movers on the local bourse 23/04/10;
CPL: -1.78%
HIG: -17.50%
OSH: -4.37%
LOCAL STOCKS
Nothing much happened on the market last Friday, only a few trades went through for BSP and HIG at K0.69 and K0.66 respectively. CPL lost 1.78 percent over light volumes to end at K2.75, the other decline on the day was that of OSH falling 4 percent to close the week at K13.10.
The trend generally looks steady, with buyers lining up for LGL at K8.00, and offers for CPL at a low K2.80. Kina up against the aussie stands at 0.4111 buying and selling at 0.3674 today.
MOVERS
Last week Friday’s movers on the local bourse 23/04/10;
CPL: -1.78%
HIG: -17.50%
OSH: -4.37%
Thursday, April 22, 2010
POMSoX UPDATE
LOCAL STOCKS
Yesterday, saw the market close weaker with CCP sliding 0.62 percent to end at K1.59 as BSP and LGL ended with offers at K0.69 and K10.30 respectively leading KSi to lose 0.43 points to finish at the 6,480 level. Overseas, saw IOC again lost $2.61 ending the day at $68.53 while NBO on the LSE concluded at GBP5.35.
Resources overnight had gold closed weaker at $1147 per ounce likewise oil losing 22 cents to finish at $83.46.
In the pre-open phase of the market today, has sellers for NBO available at K19.50 with bids for CPL as high as K2.75. Kina this morning is buying aussie at 0.4290 and selling at 0.3823
MOVERS
Wednesday’s mover on the bourse 21/04/10;
CCP: -0.62%
Yesterday, saw the market close weaker with CCP sliding 0.62 percent to end at K1.59 as BSP and LGL ended with offers at K0.69 and K10.30 respectively leading KSi to lose 0.43 points to finish at the 6,480 level. Overseas, saw IOC again lost $2.61 ending the day at $68.53 while NBO on the LSE concluded at GBP5.35.
Resources overnight had gold closed weaker at $1147 per ounce likewise oil losing 22 cents to finish at $83.46.
In the pre-open phase of the market today, has sellers for NBO available at K19.50 with bids for CPL as high as K2.75. Kina this morning is buying aussie at 0.4290 and selling at 0.3823
MOVERS
Wednesday’s mover on the bourse 21/04/10;
CCP: -0.62%
Tuesday, April 20, 2010
POMSoX UPDATE
LOCAL STOCK
The bourse had a relatively quiet opening to the week with reasonable volumes changing hands for BSP at K0.69 as others finished unchanged. NBO was the only mover advancing 2.09 percent to close at K19.45.
The local share market has been very quiet over the past few weeks, but the trend look stable over the next bit. BSP offers available at K0.69 as sellers are lined up at a low K2.80 for CPL. Our kina against aussie this morning is buying at 0.4334 and selling at 0.3862.
MOVERS
Yesterday’s movers on the bourse 19/04/10;
NBO: 2.09%
The bourse had a relatively quiet opening to the week with reasonable volumes changing hands for BSP at K0.69 as others finished unchanged. NBO was the only mover advancing 2.09 percent to close at K19.45.
The local share market has been very quiet over the past few weeks, but the trend look stable over the next bit. BSP offers available at K0.69 as sellers are lined up at a low K2.80 for CPL. Our kina against aussie this morning is buying at 0.4334 and selling at 0.3862.
MOVERS
Yesterday’s movers on the bourse 19/04/10;
NBO: 2.09%
Friday, April 16, 2010
POMSoX UPDATE
LOCAL STOCKS
Yesterday, saw the local market down as traders took some profits off the table, mainly with NBO loosing 40t to finish at K19.05 after an intraday high of K19.45t. BSP, CPL, LGL and OSH were traded yesterday but closed unchanged.IOC on the NYSE jumped by a 1.75% to secure at US$75.01.
In the pre open phase of the market, offers for NGP and HIG are queued at K1.45 and K0.80 respectively. Kina versus aussie this morning is buying at 0.4292 and selling at 0.3824.
MOVERS
Gainers and Looser on the bourse yesterday 15/04/10:
NBO: - 2.05%
KSI: - 0.77%
Yesterday, saw the local market down as traders took some profits off the table, mainly with NBO loosing 40t to finish at K19.05 after an intraday high of K19.45t. BSP, CPL, LGL and OSH were traded yesterday but closed unchanged.IOC on the NYSE jumped by a 1.75% to secure at US$75.01.
In the pre open phase of the market, offers for NGP and HIG are queued at K1.45 and K0.80 respectively. Kina versus aussie this morning is buying at 0.4292 and selling at 0.3824.
MOVERS
Gainers and Looser on the bourse yesterday 15/04/10:
NBO: - 2.05%
KSI: - 0.77%
Thursday, April 15, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse finish high yesterday, with main movers are agriculture stock, NBO gaining 45t to finish high at K19.45, and two mining stocks, HIG, which added 12t to close at 80t, and LGL recovered 10t to close at K8.00. While BSP finished unchanged at 69t after reaching a day high of 70t. Other stocks closed unchanged.
The market this morning is expected to open high on the back of a positive leads from the offshore markets last night, In pre open phase of the market, bids for OSH are queued at K13.69 while offers for MGO are lined at K0.50. Kina is averaging aussie dollar at 0.4058.
MOVERS
Gainers and Looser on the bourse yesterday 14/04/10:
LGL: 1.26%
HIG: 17.64%
NBO: 2.36%
KSI: 0.93%
The bourse finish high yesterday, with main movers are agriculture stock, NBO gaining 45t to finish high at K19.45, and two mining stocks, HIG, which added 12t to close at 80t, and LGL recovered 10t to close at K8.00. While BSP finished unchanged at 69t after reaching a day high of 70t. Other stocks closed unchanged.
The market this morning is expected to open high on the back of a positive leads from the offshore markets last night, In pre open phase of the market, bids for OSH are queued at K13.69 while offers for MGO are lined at K0.50. Kina is averaging aussie dollar at 0.4058.
MOVERS
Gainers and Looser on the bourse yesterday 14/04/10:
LGL: 1.26%
HIG: 17.64%
NBO: 2.36%
KSI: 0.93%
Wednesday, April 14, 2010
POMSoX UPDATE
LOCAL STOCKS
Yesterday, saw the KSi ended lower by 0.64 percent to close at 6,423.89 points after LGL lost 10t to finish at K7.90. While BSP, CCP, KAM and OSH ended on the upside with modest volumes changing hands. Overseas, IOC ended lower at US$72.58 after reaching a mid day high of US$75.00.
No major economic releases but this morning has offers for BSP at K0.70 and CPL offers available at K2.80; Kina is buying 0.4142 and selling at 0.3693 aussie.
MOVERS
Gainers and Looser on the bourse yesterday 13/04/10:
LGL: - 1.25%
KSI: - 0.64%
Yesterday, saw the KSi ended lower by 0.64 percent to close at 6,423.89 points after LGL lost 10t to finish at K7.90. While BSP, CCP, KAM and OSH ended on the upside with modest volumes changing hands. Overseas, IOC ended lower at US$72.58 after reaching a mid day high of US$75.00.
No major economic releases but this morning has offers for BSP at K0.70 and CPL offers available at K2.80; Kina is buying 0.4142 and selling at 0.3693 aussie.
MOVERS
Gainers and Looser on the bourse yesterday 13/04/10:
LGL: - 1.25%
KSI: - 0.64%
Tuesday, April 13, 2010
POMSoX UPDATE
LOCAL STOCKS
Monday, saw the bourse close weak with NBO lost 45t to finish at K19.00. Trading were active for BSP, LGL and OSH with their prices unchanged , while other stocks end the day session with no trading. KSi plunged 7.80 points to close lower at 6,465.59 points.
This morning has bids for HIG as high as K0.68, while offers for CPL are available at a low K2.80. Kina against the aussie is buying 0.4144 and selling 0.3692 today.
MOVERS
Gainers and Looser on the bourse yesterday 12/04/10:
NBO: - 2.30%
KSI: 0.12%
Monday, saw the bourse close weak with NBO lost 45t to finish at K19.00. Trading were active for BSP, LGL and OSH with their prices unchanged , while other stocks end the day session with no trading. KSi plunged 7.80 points to close lower at 6,465.59 points.
This morning has bids for HIG as high as K0.68, while offers for CPL are available at a low K2.80. Kina against the aussie is buying 0.4144 and selling 0.3692 today.
MOVERS
Gainers and Looser on the bourse yesterday 12/04/10:
NBO: - 2.30%
KSI: 0.12%
Monday, April 12, 2010
POMSoX UPDATE
LOCAL STOCKS
Local market closed the week relatively higher with NBO advancing 2.09 percent to finish at K19.45, meanwhile other stocks bunged unchanged. KSI gained 4.53 points closing at 6,451.00 points. IOC on the NYSE lost US$0.24 to close at US$72.87.
The market remains steady this morning, with offers for OSH available at K13.70, while bids for LGL queued at K7.50. In currency news, Kina is buying and selling aussie dollar at 0.4255 and 0.3791 respectively.
MOVERS
Gainers and Looser on the bourse yesterday 9/04/10:
NBO: 2.09%
KSI: 0.07%
Local market closed the week relatively higher with NBO advancing 2.09 percent to finish at K19.45, meanwhile other stocks bunged unchanged. KSI gained 4.53 points closing at 6,451.00 points. IOC on the NYSE lost US$0.24 to close at US$72.87.
The market remains steady this morning, with offers for OSH available at K13.70, while bids for LGL queued at K7.50. In currency news, Kina is buying and selling aussie dollar at 0.4255 and 0.3791 respectively.
MOVERS
Gainers and Looser on the bourse yesterday 9/04/10:
NBO: 2.09%
KSI: 0.07%
Thursday, April 8, 2010
POMSoX UPDATE
LOCAL STOCKS
Wednesday, had the market close marginally higher at 6495 points. With BSP closing the day unchanged, while NBO gained 0.51 percent to close at K19.50 and NGP fell to K1.40 per share at the end of the day.
The opening phase of the market has seen shares traded for NBO at K19.50; while offers for CCP are available at K1.60. Kina versus aussie is selling at 0.3804 and buying at 0.4270 this morning.
MOVERS
Gainers and Looser on the bourse yesterday 7/04/10:
NBO: 0.51%
NGP: -3.44%
KSI: 0.02%
Wednesday, had the market close marginally higher at 6495 points. With BSP closing the day unchanged, while NBO gained 0.51 percent to close at K19.50 and NGP fell to K1.40 per share at the end of the day.
The opening phase of the market has seen shares traded for NBO at K19.50; while offers for CCP are available at K1.60. Kina versus aussie is selling at 0.3804 and buying at 0.4270 this morning.
MOVERS
Gainers and Looser on the bourse yesterday 7/04/10:
NBO: 0.51%
NGP: -3.44%
KSI: 0.02%
Tuesday, April 6, 2010
POMSoX UPDATE
LOCAL STOCKS
POMSoX opened the month of April high, with the largest PNG listed mining company, LGL adding 80t’s to close at K8.00. The price increase followed an almost 33% jump on ASX after news reported that Newcrest mining Ltd had offered to acquire 100% of LGL's issued ordinary shares through a scheme of arrangement. The reports also stated that LGL had rejected the offer.
OSH gained 50t while NBO lost 45t to land on a negative territory. Other stocks closed unchanged.
In the last week's markets releases:
•LGL appointed a former senior executive of BHP, Mr Graeme Hunt as the Managing Director
The pre open phase of the market, has offers for LGL queued at K8.00 while bids for NBO are lined at K19.05. KSI added 347.4 points closing high at 6,494.34 points.
Gainers and Looser on the bourse yesterday 2/04/10:
LGL: 11.11%
NBO: -2.30%
OSH: 3.78%
KSI: 5.65%
POMSoX opened the month of April high, with the largest PNG listed mining company, LGL adding 80t’s to close at K8.00. The price increase followed an almost 33% jump on ASX after news reported that Newcrest mining Ltd had offered to acquire 100% of LGL's issued ordinary shares through a scheme of arrangement. The reports also stated that LGL had rejected the offer.
OSH gained 50t while NBO lost 45t to land on a negative territory. Other stocks closed unchanged.
In the last week's markets releases:
•LGL appointed a former senior executive of BHP, Mr Graeme Hunt as the Managing Director
The pre open phase of the market, has offers for LGL queued at K8.00 while bids for NBO are lined at K19.05. KSI added 347.4 points closing high at 6,494.34 points.
Gainers and Looser on the bourse yesterday 2/04/10:
LGL: 11.11%
NBO: -2.30%
OSH: 3.78%
KSI: 5.65%
Thursday, April 1, 2010
POMSoX UPDATE
LOCAL STOCKS
Local market ended the month on a negative note, with light volumes changing hands for BSP, NBO and OSH. Dual listed stocks, NBO and OSH lost 50t each to land on a negative territory buoyed by a mixed leads from the offshore markets after a disappointing US job data humiliating hopes that global economy recovery will continue.
In this week's markets releases:
• KAML in its end of year report shows its investment portfolio increased by million, or 9.4% in 2009 ,
•Credit Corporation recorded Operating Profit of K33.12 million for the year ended 31 December 2009 and,
•LGL’s shares are inserted in the FTSE All World Index as well as FTSE Australia Index, which put the stock on investors’ radar screen.
This morning the market may open flat with businesses closing early for Easter Holiday’s. Offers for NGP are queued at K1.45 while bids for HIG continue at K0.68.
Gainers and Looser on the bourse yesterday 31/03/10:
NBO: -2.50%
OSH: -3.64%
KSI: -1.46%
Local market ended the month on a negative note, with light volumes changing hands for BSP, NBO and OSH. Dual listed stocks, NBO and OSH lost 50t each to land on a negative territory buoyed by a mixed leads from the offshore markets after a disappointing US job data humiliating hopes that global economy recovery will continue.
In this week's markets releases:
• KAML in its end of year report shows its investment portfolio increased by million, or 9.4% in 2009 ,
•Credit Corporation recorded Operating Profit of K33.12 million for the year ended 31 December 2009 and,
•LGL’s shares are inserted in the FTSE All World Index as well as FTSE Australia Index, which put the stock on investors’ radar screen.
This morning the market may open flat with businesses closing early for Easter Holiday’s. Offers for NGP are queued at K1.45 while bids for HIG continue at K0.68.
Gainers and Looser on the bourse yesterday 31/03/10:
NBO: -2.50%
OSH: -3.64%
KSI: -1.46%
Wednesday, March 31, 2010
POMSoX UPDATE
TUESDAY 31 MARCH 2010
LOCAL STOCKS
Yesterday, saw the bourse closed high with light volumes changing hands for BSP, LGL,CCP and NBO. LGL added 10t closing at K7.20. KSi rose 34.12 points to close at 6237.85 points. On the resources, oil gained after March data showing US consumer confidence rebounded, meanwhile gold lost its appeal as the dollar strengthened against most currencies.
This morning, we have offers for HIG queued at 80t while bids for MGO at 30t. Kina this morning is buying and selling aussie at 0.4250 and 0.3787 respectively.
Gainers and Looser on the bourse yesterday 30/03/10:
LGL: 1.4%
KSI: 0.55%
LOCAL STOCKS
Yesterday, saw the bourse closed high with light volumes changing hands for BSP, LGL,CCP and NBO. LGL added 10t closing at K7.20. KSi rose 34.12 points to close at 6237.85 points. On the resources, oil gained after March data showing US consumer confidence rebounded, meanwhile gold lost its appeal as the dollar strengthened against most currencies.
This morning, we have offers for HIG queued at 80t while bids for MGO at 30t. Kina this morning is buying and selling aussie at 0.4250 and 0.3787 respectively.
Gainers and Looser on the bourse yesterday 30/03/10:
LGL: 1.4%
KSI: 0.55%
Tuesday, March 30, 2010
POMSoX UPDATE
LOCAL STOCKS
Local market opened the week lower with LGL shedding 40t closing at K7.10 and OSH gave away 29t finishing at K13.70. All other stocks closed unchanged. IOC on the NYSE gained US$1.93 closing at US$63.98.
The pre open phase of the market has offers for the CCP queued at K1.6 while bids for the HIG are lined at K0.68. KSI closed lower at 6,203.73. Kina is buying 0.4248and selling 0.3785 Aussie dollar.
Gainers and loosers on the bourse yesterday 29/03/10:
LGL: 5.33%
OSH: 2.07%
KSI: -2.59%
Local market opened the week lower with LGL shedding 40t closing at K7.10 and OSH gave away 29t finishing at K13.70. All other stocks closed unchanged. IOC on the NYSE gained US$1.93 closing at US$63.98.
The pre open phase of the market has offers for the CCP queued at K1.6 while bids for the HIG are lined at K0.68. KSI closed lower at 6,203.73. Kina is buying 0.4248and selling 0.3785 Aussie dollar.
Gainers and loosers on the bourse yesterday 29/03/10:
LGL: 5.33%
OSH: 2.07%
KSI: -2.59%
Monday, March 29, 2010
POMSoX UPDATE
LOCAL STOCKS
On Friday, our local market closed higher on reasonable volumes with NBO and LGL gained on the back of a strong performance from the overseas markets. While MGO and BSP shed 37.5% and 1.40% respectively. KSI closed the day strong at 6,368.66 points.
This morning, offers for CPL are queued at K2.80. Kina is buying 0.4306 and selling 0.3837 aussie.
Risers and fallers on the bourse yesterday 26/03/10:
BSP: -1.40%
LGL: 5.48%
MGO: -37.50
NBO: 4.98
On Friday, our local market closed higher on reasonable volumes with NBO and LGL gained on the back of a strong performance from the overseas markets. While MGO and BSP shed 37.5% and 1.40% respectively. KSI closed the day strong at 6,368.66 points.
This morning, offers for CPL are queued at K2.80. Kina is buying 0.4306 and selling 0.3837 aussie.
Risers and fallers on the bourse yesterday 26/03/10:
BSP: -1.40%
LGL: 5.48%
MGO: -37.50
NBO: 4.98
Friday, March 26, 2010
POMSoX UPDATE
LOCAL STOCKS
Thursday, had the market close marginally higher at 6257 points. With BSP and MGO ending the day unchanged, while OSH gained 2 percent to close at K13.99 and CCP fell to K1.60 per share at the end of the day.
The opening phase of the market has seen shares traded for NBO at K19.50; while offers for CCP are available at K1.60. Kina versus aussie is selling at 0.3815 and buying at 0.4282 this morning.
MOVERS
Yesterday’s movers on the bourse 25/03/10:
CCP: -1.23%
OSH: 2.11%
Thursday, had the market close marginally higher at 6257 points. With BSP and MGO ending the day unchanged, while OSH gained 2 percent to close at K13.99 and CCP fell to K1.60 per share at the end of the day.
The opening phase of the market has seen shares traded for NBO at K19.50; while offers for CCP are available at K1.60. Kina versus aussie is selling at 0.3815 and buying at 0.4282 this morning.
MOVERS
Yesterday’s movers on the bourse 25/03/10:
CCP: -1.23%
OSH: 2.11%
Thursday, March 25, 2010
POMSoX UPDATE
LOCAL STOCKS
Wednesday, saw the KSi end relatively higher adding 5 points to close above the 6200 level; LGL closed steady at K7.11 so did OSH gaining 4 toeas to finish at K13.70; NBO on the LSE closed last night at GBP5.45 on light volumes, while on the local bourse it saw the last trade register at K19.05.
The local share market this morning has sellers queued up for BSP at a low K0.71 and CPL offers are available at K2.80. Kina is buying 0.4248 and selling 0.3785 aussie today.
MOVERS
Yesterday’s movers on the bourse 25/03/10:
BSP: 1.42%
NBO: -2.30%
OSH: 0.29%
Wednesday, saw the KSi end relatively higher adding 5 points to close above the 6200 level; LGL closed steady at K7.11 so did OSH gaining 4 toeas to finish at K13.70; NBO on the LSE closed last night at GBP5.45 on light volumes, while on the local bourse it saw the last trade register at K19.05.
The local share market this morning has sellers queued up for BSP at a low K0.71 and CPL offers are available at K2.80. Kina is buying 0.4248 and selling 0.3785 aussie today.
MOVERS
Yesterday’s movers on the bourse 25/03/10:
BSP: 1.42%
NBO: -2.30%
OSH: 0.29%
Wednesday, March 24, 2010
POMSoX UPDATE
LOCAL STOCKS
Light volumes changed hands yesterday with LGL and OSH closed weaker after the resources finished lower as the dollar strengthened. BSP also lost territory to end at K0.70 reaching a day’s high of K0.72 while CPL finished unchanged. KSi close the day 2.30 percent lower to 6205 points.
The pre-open phase of the market has offers available for HIG at a low K0.80 and OSH has sellers lined up at K13.70. Kina is buying 0.4180 and selling 0.3724 aussie.
MOVERS
Risers and fallers on the bourse yesterday 24/03/10:
BSP: -1.40%
LGL: -5.20%
OSH: -0.29%
Light volumes changed hands yesterday with LGL and OSH closed weaker after the resources finished lower as the dollar strengthened. BSP also lost territory to end at K0.70 reaching a day’s high of K0.72 while CPL finished unchanged. KSi close the day 2.30 percent lower to 6205 points.
The pre-open phase of the market has offers available for HIG at a low K0.80 and OSH has sellers lined up at K13.70. Kina is buying 0.4180 and selling 0.3724 aussie.
MOVERS
Risers and fallers on the bourse yesterday 24/03/10:
BSP: -1.40%
LGL: -5.20%
OSH: -0.29%
Tuesday, March 23, 2010
POMSoX UPDATE
LOCAL STOCKS
Monday, saw the bourse end the day on a calm note with light volumes changing hands, LGL gained 5.63 percent to close at K7.50 likewise NBO edging higher to K19.50 while the KSi advanced 2 percent to finish at 6352 points. Last night in commodities, Gold was down to $1101.80 per ounce while crude closed marginally higher at $81.75 per barrel.
This morning has offers for LGL available at K8.00 while bids for NBO are as high as K13.65. Kina against Aussie is buying and selling at 0.4128 and 0.3678 respectively.
MOVERS
Risers and fallers on the bourse yesterday 22/03/10:
LGL: 5.63%
NBO: 1.29%
OSH: -0.72%
Monday, saw the bourse end the day on a calm note with light volumes changing hands, LGL gained 5.63 percent to close at K7.50 likewise NBO edging higher to K19.50 while the KSi advanced 2 percent to finish at 6352 points. Last night in commodities, Gold was down to $1101.80 per ounce while crude closed marginally higher at $81.75 per barrel.
This morning has offers for LGL available at K8.00 while bids for NBO are as high as K13.65. Kina against Aussie is buying and selling at 0.4128 and 0.3678 respectively.
MOVERS
Risers and fallers on the bourse yesterday 22/03/10:
LGL: 5.63%
NBO: 1.29%
OSH: -0.72%
Monday, March 22, 2010
POMSoX UPDATE
LOCAL STOCKS
Friday, saw the bourse close the week quiet with light volumes changing hands for BSP and OSH at K0.71 and K13.80 respectively. While NBO finished unchanged at K19.25. KSi rose 31 points to close at 6227 points. On the resources, both gold and oil lost their appeal as the dollar strengthened against most currencies.
This morning has bids for HIG as high as K0.68, while offers for NBO are available at a low K24.00. Kina against the aussie is buying 0.4144 and selling 0.3692 today.
MOVERS
Movers on the bourse last Friday 19/03/10:
BSP: 1.42%
OSH: 1.09%
Friday, saw the bourse close the week quiet with light volumes changing hands for BSP and OSH at K0.71 and K13.80 respectively. While NBO finished unchanged at K19.25. KSi rose 31 points to close at 6227 points. On the resources, both gold and oil lost their appeal as the dollar strengthened against most currencies.
This morning has bids for HIG as high as K0.68, while offers for NBO are available at a low K24.00. Kina against the aussie is buying 0.4144 and selling 0.3692 today.
MOVERS
Movers on the bourse last Friday 19/03/10:
BSP: 1.42%
OSH: 1.09%
Thursday, March 18, 2010
POMSoX UPDATE
LOCAL STOCKS
Wednesday saw the bourse close relatively active with reasonable volumes changing hands as BSP again finished weak, at K0.71, while NBO ended the day stronger gaining 2.63 percent to K19.50, as the others finished steady. KSi moved higher to close at 6231 points.
In commodities, gold closed lower at $1119.48 per ounce while Oil added a dollar to close overnight at $82.70 per barrel.
Today has offers available for BSP and HIG at a low K0.71 and K0.90 respectively. In currency, Kina is buying 0.4106 and selling 0.3658 today.
PNG NEWS
ALD: Allied Gold Limited with new resources unveiled for the Pigiput and Pigibo deposits, Allied Gold is approaching a 10 million ounce base from its properties in Papua New Guinea and the Solomon Islands. Currently trading at 0.31 cents aussie.
MOVERS
Wednesday’s movers on the bourse 17/03/10:
BSP: -1.38%
BSPHA: -0.57%
NBO: 2.63%
Wednesday saw the bourse close relatively active with reasonable volumes changing hands as BSP again finished weak, at K0.71, while NBO ended the day stronger gaining 2.63 percent to K19.50, as the others finished steady. KSi moved higher to close at 6231 points.
In commodities, gold closed lower at $1119.48 per ounce while Oil added a dollar to close overnight at $82.70 per barrel.
Today has offers available for BSP and HIG at a low K0.71 and K0.90 respectively. In currency, Kina is buying 0.4106 and selling 0.3658 today.
PNG NEWS
ALD: Allied Gold Limited with new resources unveiled for the Pigiput and Pigibo deposits, Allied Gold is approaching a 10 million ounce base from its properties in Papua New Guinea and the Solomon Islands. Currently trading at 0.31 cents aussie.
MOVERS
Wednesday’s movers on the bourse 17/03/10:
BSP: -1.38%
BSPHA: -0.57%
NBO: 2.63%
Monday, March 15, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse closed last week on a relatively calm note with trades registering for BSP and LGL. BSP fell 1.38 percent while LGL ended stronger advancing 7 percent to K7.50, as others finished unchanged. KSi closed at 6334 points higher by 2.67 percent.
Today has BSP bids as high as K0.71 while offers for HIG are available at a low K0.90. Our Kina this morning is buying 0.4123 and selling 0.3673 aussie.
PNG NEWS
BSP: Bank South Pacific, released its full year results stressing a 15 percent increase on the consolidated operating profit before tax of K328.8 million achieved last year to K378.1million; while the after tax profit is K255.5million. The company currently, has total assets valued at K9.4 billion a significant rise of 38 percent realized last year.
MOVERS
Last Friday’s movers 12/03/10:
BSP: -1.38%
LGL: 7.14%
The bourse closed last week on a relatively calm note with trades registering for BSP and LGL. BSP fell 1.38 percent while LGL ended stronger advancing 7 percent to K7.50, as others finished unchanged. KSi closed at 6334 points higher by 2.67 percent.
Today has BSP bids as high as K0.71 while offers for HIG are available at a low K0.90. Our Kina this morning is buying 0.4123 and selling 0.3673 aussie.
PNG NEWS
BSP: Bank South Pacific, released its full year results stressing a 15 percent increase on the consolidated operating profit before tax of K328.8 million achieved last year to K378.1million; while the after tax profit is K255.5million. The company currently, has total assets valued at K9.4 billion a significant rise of 38 percent realized last year.
MOVERS
Last Friday’s movers 12/03/10:
BSP: -1.38%
LGL: 7.14%
Friday, March 12, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse was again quiet yesterday, with BSP closing stronger at K0.72, and NBO advancing 5.46 percent to K19.00. While OSH slid 2 percent to end the day at K13.70. KSi finished lower by 24 points to 6169 points.
The opening phase of the market today has bids for BSP at a high K0.71 while CPL has offers available at K2.80. In currency, Kina versus aussie stands at 0.3680 this morning.
MOVERS
Yesterday’s movers on POMSoX 11/03/10;
BSP: 1.40%
NBO: 5.49%
OSH: -2.07%
The bourse was again quiet yesterday, with BSP closing stronger at K0.72, and NBO advancing 5.46 percent to K19.00. While OSH slid 2 percent to end the day at K13.70. KSi finished lower by 24 points to 6169 points.
The opening phase of the market today has bids for BSP at a high K0.71 while CPL has offers available at K2.80. In currency, Kina versus aussie stands at 0.3680 this morning.
MOVERS
Yesterday’s movers on POMSoX 11/03/10;
BSP: 1.40%
NBO: 5.49%
OSH: -2.07%
Thursday, March 11, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse was quiet yesterday with trades registering for BSP and NBO at K0.71 and K18.01 respectively. While LGL finished steady at K7.00. Last night IOC on the NYSE was up 6 percent to $71.16 on reasonable volumes. KSi closed weaker by 6 points to 6194 points.
This morning in the opening phase of the market has bids for LGL at K7.00 while sellers for OSH are lined up at K13.70. Kina is buying 0.4132 and selling 0.3681 aussie this morning.
MOVERS
Wednesday’s movers on the bourse 09/03/10:
BSP: -1.38%
NBO: 0.05%
The bourse was quiet yesterday with trades registering for BSP and NBO at K0.71 and K18.01 respectively. While LGL finished steady at K7.00. Last night IOC on the NYSE was up 6 percent to $71.16 on reasonable volumes. KSi closed weaker by 6 points to 6194 points.
This morning in the opening phase of the market has bids for LGL at K7.00 while sellers for OSH are lined up at K13.70. Kina is buying 0.4132 and selling 0.3681 aussie this morning.
MOVERS
Wednesday’s movers on the bourse 09/03/10:
BSP: -1.38%
NBO: 0.05%
Wednesday, March 10, 2010
POMSoX UPDATE
LOCAL STOCKS
Yesterday, was quiet on the bourse with BSP again closing weaker on the back of a reasonable supply to finish at K0.72, while CPL and OSH advanced 0.35 and 3.62 percent to K2.80 and K13.99 respectively. KSi closed higher with 63 points or 1.03% to close at 6,200.
The pre-open phase of the market has bids for BSPHA are at a high K25,600 while CPL has sellers are lined up at K2.80. Kina this morning is buying 0.4075 and selling at 0.3620 aussie.
MOVERS
Tuesday’s movers on the bourse 09/03/10:
BSP: -1.36%
CPL: 0.35%
MGO: -4.00%
OSH: 3.62%
Yesterday, was quiet on the bourse with BSP again closing weaker on the back of a reasonable supply to finish at K0.72, while CPL and OSH advanced 0.35 and 3.62 percent to K2.80 and K13.99 respectively. KSi closed higher with 63 points or 1.03% to close at 6,200.
The pre-open phase of the market has bids for BSPHA are at a high K25,600 while CPL has sellers are lined up at K2.80. Kina this morning is buying 0.4075 and selling at 0.3620 aussie.
MOVERS
Tuesday’s movers on the bourse 09/03/10:
BSP: -1.36%
CPL: 0.35%
MGO: -4.00%
OSH: 3.62%
Friday, March 5, 2010
POMSoX UPDATE
LOCAL STOCKS
The market ended quiet, with the KSi falling 15 points lower than previous to end at 6183. BSP was weaker by 1.33 percent likewise CPL and NBO closing at K2.70 and K18.51 respectively. In commodities, profit taking hit the resources after four days of strong gains with most of the base metals closing lower.
The market should open flat this morning, with offers for BSP lined up as low as K0.73 while bids for LGL are at a high K6.20; in currency news, our kina is steady this morning selling aussie at 0.3699.
MOVERS
Thursday’s movers on the local bourse 04/03/10:
BSP: -1.33%
CPL: -3.57%
NBO: -2.57%
The market ended quiet, with the KSi falling 15 points lower than previous to end at 6183. BSP was weaker by 1.33 percent likewise CPL and NBO closing at K2.70 and K18.51 respectively. In commodities, profit taking hit the resources after four days of strong gains with most of the base metals closing lower.
The market should open flat this morning, with offers for BSP lined up as low as K0.73 while bids for LGL are at a high K6.20; in currency news, our kina is steady this morning selling aussie at 0.3699.
MOVERS
Thursday’s movers on the local bourse 04/03/10:
BSP: -1.33%
CPL: -3.57%
NBO: -2.57%
Thursday, March 4, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse closed relatively active yesterday with BSP advancing 1.35 percent to close at K0.75, as HIG climbed 12 percent. Generally, the market closed higher with the KSi adding 25 points to end the day at 6199 points. Overseas, saw IOC registered last at $64.47 with a day’s high of $65.06.
The market remains steady this morning, with offers for CCP available at K1.64, in currency news, our kina fell overnight selling aussie at 0.3695
MOVERS
Yesterday’s movers on the bourse 03/03/10;
BSP: 1.35%
HIG: 12.50%
NBO: 2.70%
The bourse closed relatively active yesterday with BSP advancing 1.35 percent to close at K0.75, as HIG climbed 12 percent. Generally, the market closed higher with the KSi adding 25 points to end the day at 6199 points. Overseas, saw IOC registered last at $64.47 with a day’s high of $65.06.
The market remains steady this morning, with offers for CCP available at K1.64, in currency news, our kina fell overnight selling aussie at 0.3695
MOVERS
Yesterday’s movers on the bourse 03/03/10;
BSP: 1.35%
HIG: 12.50%
NBO: 2.70%
Wednesday, March 3, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse was again quiet yesterday with light volumes changing hands; movers for the day included NBO and OSH closing higher at K18.50 and K13.70 respectively, while LGL finished unchanged. Which saw the KSi advancing 1.50 percent to end the day at 6174 points.
In commodities, Gold added $15.34 to $1134.20 per ounce overnight, likewise did oil peaking at a high of $79.82 tracking equity markets and optimism that the global economy is set to expand.
This morning, may see the market open flat however, is expected to close stronger as the week progresses on the back of company announcements. The pre-open phase of the market today, has bids for HIG at a high K0.65 while BSP shares are available at K0.74.
PNG NEWS
No Major economic releases, but should expect some companies to report their full year results in the coming weeks.
MOVERS
Yesterday’s movers on the bourse 02/03/10;
NBO: 2.77%
OSH: 3.8%
The bourse was again quiet yesterday with light volumes changing hands; movers for the day included NBO and OSH closing higher at K18.50 and K13.70 respectively, while LGL finished unchanged. Which saw the KSi advancing 1.50 percent to end the day at 6174 points.
In commodities, Gold added $15.34 to $1134.20 per ounce overnight, likewise did oil peaking at a high of $79.82 tracking equity markets and optimism that the global economy is set to expand.
This morning, may see the market open flat however, is expected to close stronger as the week progresses on the back of company announcements. The pre-open phase of the market today, has bids for HIG at a high K0.65 while BSP shares are available at K0.74.
PNG NEWS
No Major economic releases, but should expect some companies to report their full year results in the coming weeks.
MOVERS
Yesterday’s movers on the bourse 02/03/10;
NBO: 2.77%
OSH: 3.8%
Tuesday, March 2, 2010
POMSoX UPDATE
LOCAL STOCKS
Monday, saw the bourse register trades for BSP at K0.74 and NGP at K1.40; while LGL and MGO finished unchanged. KSi also ended lower by 7 points to close at 6083 points. In overseas, saw NBO closed last night at GBP4.94 on the London Stock Exchange.
In commodities, saw gold closed slightly higher to $1117 per ounce, while crude lost 87 cents to $78.79 per barrel.
The market this morning has offers available for CPL at a low K2.80, and buyers lined up at K2.70. Our kina this morning is selling aussie at 0.3766.
MOVERS
Yesterday’s movers on the local bourse 01/03/10;
BSP: -1.33%
NGP: -6.66%
Monday, saw the bourse register trades for BSP at K0.74 and NGP at K1.40; while LGL and MGO finished unchanged. KSi also ended lower by 7 points to close at 6083 points. In overseas, saw NBO closed last night at GBP4.94 on the London Stock Exchange.
In commodities, saw gold closed slightly higher to $1117 per ounce, while crude lost 87 cents to $78.79 per barrel.
The market this morning has offers available for CPL at a low K2.80, and buyers lined up at K2.70. Our kina this morning is selling aussie at 0.3766.
MOVERS
Yesterday’s movers on the local bourse 01/03/10;
BSP: -1.33%
NGP: -6.66%
Friday, February 26, 2010
POMSoX UPDATE
LOCAL STOCKS
Yesterday, saw the market ended on a calm note with not much turn over, with most of the trading stocks concluding the day unchanged. BSP finished at K0.75 and NBO ended the day at K19.00. KSi saw a small decline to close at 6278 points.
In commodities, most of the base metals closed on the downside, with oil losing $1.78 to US$78.22 per barrel while gold ended higher at US$1106.10 per ounce.
This morning may see the market open lower with mixed leads from the overseas markets. The POMSoX today has bids for LGL at K7.00, NBO at K17.60 whilst OSH has offers at K13.20. Today the Kina is buying 0.4230 Australian Dollars.
MOVERS
Movers for Thursday 25/02/10:
CCP: -0.60%
Yesterday, saw the market ended on a calm note with not much turn over, with most of the trading stocks concluding the day unchanged. BSP finished at K0.75 and NBO ended the day at K19.00. KSi saw a small decline to close at 6278 points.
In commodities, most of the base metals closed on the downside, with oil losing $1.78 to US$78.22 per barrel while gold ended higher at US$1106.10 per ounce.
This morning may see the market open lower with mixed leads from the overseas markets. The POMSoX today has bids for LGL at K7.00, NBO at K17.60 whilst OSH has offers at K13.20. Today the Kina is buying 0.4230 Australian Dollars.
MOVERS
Movers for Thursday 25/02/10:
CCP: -0.60%
Tuesday, February 23, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse closed relatively calm with CCP and NGP closing weaker at K1.75 and K1.40 respectively; while CPL advanced 3.32 percent to end at K2.80 as OSH edged higher to close at K13.50.
The bourse has bids for CCP at K1.60 while NBO offers are available at K18.50 today and kina is selling aussie at 0.3849.
PNG NEWS
OSH: Oil search reported to the market on its end of year 2009 accounts posting a net profit after tax excluding significant items of US$99.6million, riding on a 35 percent fall in the average realized oil price combined with 7 percent decline in oil sales.
MOVERS
Monday’s movers on the bourse 22/02/10;
CCP: -1.21%
CPL: 3.32%
NGP: -18.60%
OSH: 0.74%
The bourse closed relatively calm with CCP and NGP closing weaker at K1.75 and K1.40 respectively; while CPL advanced 3.32 percent to end at K2.80 as OSH edged higher to close at K13.50.
The bourse has bids for CCP at K1.60 while NBO offers are available at K18.50 today and kina is selling aussie at 0.3849.
PNG NEWS
OSH: Oil search reported to the market on its end of year 2009 accounts posting a net profit after tax excluding significant items of US$99.6million, riding on a 35 percent fall in the average realized oil price combined with 7 percent decline in oil sales.
MOVERS
Monday’s movers on the bourse 22/02/10;
CCP: -1.21%
CPL: 3.32%
NGP: -18.60%
OSH: 0.74%
Friday, February 19, 2010
POMSoX UPDATE
LOCAL STOCKS
Thursday, had the market closed calm over thin volumes, with NBO advancing 2.27 percent to end at K18.50 while OSH fell 20 toeas to K13.20. IOC closed higher at US$68.80 as OSH on the ASX market finished at A$5.24.
In commodities, last night saw both oil and the precious metal gained grounds to finish at US$78 and US$1122.00 respectively, supported by a weakening greenback.
Today has bids for CCP as high as K1.60 while sellers are at a low as K1.75. Kina this morning is buying 0.4277 and selling 0.3872 aussie.
PNG NEWS
IOC: Inter Oil Corporation could be sitting on more than 8 trillion cubic feet of contingent recoverable gas resources at its Elk/Antelope field in Papua New Guinea and also the evaluation from GLJ Petroleum Consultants also estimates initial recoverable condensate at 156.5 million barrels as at December 31, 2009.
MOVERS
Thursday’s movers on bourse 18/02/10:
NBO: 2.27%
OSH: -1.49%
Thursday, had the market closed calm over thin volumes, with NBO advancing 2.27 percent to end at K18.50 while OSH fell 20 toeas to K13.20. IOC closed higher at US$68.80 as OSH on the ASX market finished at A$5.24.
In commodities, last night saw both oil and the precious metal gained grounds to finish at US$78 and US$1122.00 respectively, supported by a weakening greenback.
Today has bids for CCP as high as K1.60 while sellers are at a low as K1.75. Kina this morning is buying 0.4277 and selling 0.3872 aussie.
PNG NEWS
IOC: Inter Oil Corporation could be sitting on more than 8 trillion cubic feet of contingent recoverable gas resources at its Elk/Antelope field in Papua New Guinea and also the evaluation from GLJ Petroleum Consultants also estimates initial recoverable condensate at 156.5 million barrels as at December 31, 2009.
MOVERS
Thursday’s movers on bourse 18/02/10:
NBO: 2.27%
OSH: -1.49%
Thursday, February 18, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse closed quiet yesterday with light volumes changing hands, the mover on the day was CPL advancing 0.37 percent as OSH registered trades at K13.40 with bids closing at a high K12.10. The KSi edged higher from previous closing at 6307 points.
The opening phase of the market has buyers lined up at K0.76 for BSP while sellers for NBO are available at K18.50. Kina this morning is buying 0.4257 and selling aussie at 0.3854.
PNG NEWS
LGL: Lihir Gold Limited this morning released its 2009 results highlighting a 57pc jump in its underlying profit and a record output of 1.12 million ounces; with a positive and steady outlook over the following 12 months.
MOVERS
Wednesday’s movers on the market 17/02/10;
CPL: 0.37%
The bourse closed quiet yesterday with light volumes changing hands, the mover on the day was CPL advancing 0.37 percent as OSH registered trades at K13.40 with bids closing at a high K12.10. The KSi edged higher from previous closing at 6307 points.
The opening phase of the market has buyers lined up at K0.76 for BSP while sellers for NBO are available at K18.50. Kina this morning is buying 0.4257 and selling aussie at 0.3854.
PNG NEWS
LGL: Lihir Gold Limited this morning released its 2009 results highlighting a 57pc jump in its underlying profit and a record output of 1.12 million ounces; with a positive and steady outlook over the following 12 months.
MOVERS
Wednesday’s movers on the market 17/02/10;
CPL: 0.37%
Tuesday, February 16, 2010
POMSoX UPDATE
TUESDAY 16th FEBURARY 2010
LOCAL STOCKS
Yesterday, saw the market open the week lower by less than a percent to 6323 points. BSP edged lower by 1.28 percent to close at K0.77 while NGP gained territory to end the day at K1.72 as others finished unchanged. Not much happened in the United States due to President’s day holiday.
In the pre-open phase of the market this morning, we have bids queued up for NBO and CPL at K18.00 and K2.70 respectively. While in currency news, our kina is buying aussie dollar at 0.4332 and selling at 0.3921.
On the corporate front, Bougainville Copper Limited (BCL) trading under the ticker symbol “BOC” on the ASX reported a net profit of A$4.3m (K8.7m) for the year ending 31st December 2009.
MOVERS
Yesterday’s movers on the market 15/02/10;
BSP: down by 1.28% to K0.77, from K0.78
NGP: up by 18.62% to K1.72, from K1.45
KSI: down by 0.07% to6,323.48, from 6,328.22
LOCAL STOCKS
Yesterday, saw the market open the week lower by less than a percent to 6323 points. BSP edged lower by 1.28 percent to close at K0.77 while NGP gained territory to end the day at K1.72 as others finished unchanged. Not much happened in the United States due to President’s day holiday.
In the pre-open phase of the market this morning, we have bids queued up for NBO and CPL at K18.00 and K2.70 respectively. While in currency news, our kina is buying aussie dollar at 0.4332 and selling at 0.3921.
On the corporate front, Bougainville Copper Limited (BCL) trading under the ticker symbol “BOC” on the ASX reported a net profit of A$4.3m (K8.7m) for the year ending 31st December 2009.
MOVERS
Yesterday’s movers on the market 15/02/10;
BSP: down by 1.28% to K0.77, from K0.78
NGP: up by 18.62% to K1.72, from K1.45
KSI: down by 0.07% to6,323.48, from 6,328.22
Monday, February 15, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market last Friday, has seen a small volume of 12,000 worth K59,900 for equities traded, meanwhile the debt product, BSPHA had 21 notes traded at K25,450.00. NBO and OSH sheds K1.40 and 49t respectively to close low at K17.60 and K13.50, while MGO and BSP gained 33.33% and 1.29% respectively to close high at 48t and 78t. Other stocks on the local bourse closed unchanged.
Our market this morning is expected to open flat as a result of increased bank reserve requirements of 50bps by China’s central bank to curtail lending by commercial banks, slow Europe’s economy recovery and Greece debt worries still lingered. The pre – open phase of the market, has buyer for BSP note queued at K24,450.00, whereas bidders for CPL remain active at K2.71. Our kina this morning is buying aussie at 0.4337 and selling at 0.3926
MOVERS
Yesterday’s movers on the market 12/02/10;
BSP: up by 1.29% to K0.78, from K0.77
OSH: down by 3.5% to K13.50, from K13.99
MGO: up by 33.33% to 48t, from 0.36t
NBO: down by 7.36% to K17.60, from K18.50
KSI: down by 1.40% to 6,328.22, from 6,619.43
The local market last Friday, has seen a small volume of 12,000 worth K59,900 for equities traded, meanwhile the debt product, BSPHA had 21 notes traded at K25,450.00. NBO and OSH sheds K1.40 and 49t respectively to close low at K17.60 and K13.50, while MGO and BSP gained 33.33% and 1.29% respectively to close high at 48t and 78t. Other stocks on the local bourse closed unchanged.
Our market this morning is expected to open flat as a result of increased bank reserve requirements of 50bps by China’s central bank to curtail lending by commercial banks, slow Europe’s economy recovery and Greece debt worries still lingered. The pre – open phase of the market, has buyer for BSP note queued at K24,450.00, whereas bidders for CPL remain active at K2.71. Our kina this morning is buying aussie at 0.4337 and selling at 0.3926
MOVERS
Yesterday’s movers on the market 12/02/10;
BSP: up by 1.29% to K0.78, from K0.77
OSH: down by 3.5% to K13.50, from K13.99
MGO: up by 33.33% to 48t, from 0.36t
NBO: down by 7.36% to K17.60, from K18.50
KSI: down by 1.40% to 6,328.22, from 6,619.43
Friday, February 12, 2010
POMSoX UPDATE
LOCAL STOCKS
Yesterday’s trades have seen KSI ended high, up by 5.56% to closed stronger at 6,619.43, as OSH gained 99t to close at K13.99, while BSP shed 0.1t to close at K0.77; all on reasonable volumes. Other stocks remained unchanged.
The market this morning is expected to open high, at the back of positive leads from the offshore markets as European leaders pledged to help Greece with its growing debt crisis. CPL bidders have increased their buying interest by another 0.1t to last at K2.71, meanwhile offers for LGL are now queued at K7.50. Our kina this morning is buying aussie at 0.4322 and selling at 0.3912.
MOVERS
Yesterday’s movers on the market 11/02/10;
BSP: down by 1.26% to K0.77, from K0.78
OSH: up by 7.61% to K13.99, from K13.00
KSI: up by 5.56% to 6,619.43, from 6,271.01
Yesterday’s trades have seen KSI ended high, up by 5.56% to closed stronger at 6,619.43, as OSH gained 99t to close at K13.99, while BSP shed 0.1t to close at K0.77; all on reasonable volumes. Other stocks remained unchanged.
The market this morning is expected to open high, at the back of positive leads from the offshore markets as European leaders pledged to help Greece with its growing debt crisis. CPL bidders have increased their buying interest by another 0.1t to last at K2.71, meanwhile offers for LGL are now queued at K7.50. Our kina this morning is buying aussie at 0.4322 and selling at 0.3912.
MOVERS
Yesterday’s movers on the market 11/02/10;
BSP: down by 1.26% to K0.77, from K0.78
OSH: up by 7.61% to K13.99, from K13.00
KSI: up by 5.56% to 6,619.43, from 6,271.01
Thursday, February 11, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market edged flat yesterday , with large volumes crossed for BSP at K1.78, BSPHA at K25450, up by 1.23% from the previous price of K25,140, and CCP at K1.76. Other stocks on the market remain unchanged. IOC on New York Stock Exchange shed 0.44 percent to close low at US$62.73.
We have offers for MGO lined at 30t, meanwhile bidders for CPL are queued at K2.70. Our Kina this morning is buying aussie at 0.4386 and selling at 0.3970.
MOVERS
Yesterday’s movers on the market 11/02/10;
BSPHA: Up by1.23% to K25,450, from K25,140
The local market edged flat yesterday , with large volumes crossed for BSP at K1.78, BSPHA at K25450, up by 1.23% from the previous price of K25,140, and CCP at K1.76. Other stocks on the market remain unchanged. IOC on New York Stock Exchange shed 0.44 percent to close low at US$62.73.
We have offers for MGO lined at 30t, meanwhile bidders for CPL are queued at K2.70. Our Kina this morning is buying aussie at 0.4386 and selling at 0.3970.
MOVERS
Yesterday’s movers on the market 11/02/10;
BSPHA: Up by1.23% to K25,450, from K25,140
Tuesday, February 9, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse was quiet yesterday, with light volumes crossing for CCP at K1.76 as OSH ended the day at K13.20 with a day’s high of K13.21 while others finished unchanged. The KSi was weaker, down by 2 pts to end at 6,310.82. In currency news today, our kina is buying 0.4468 and selling 0.4044 aussie today.
This morning has buyers lined up at K2.70 for CPL, while sellers are queued up at a low K19.00 In the pre-open phase of the market.
MOVERS
Yesterday’s movers on the market 08/02/10;
CCP: 0.56%
OSH: -0.07%
The bourse was quiet yesterday, with light volumes crossing for CCP at K1.76 as OSH ended the day at K13.20 with a day’s high of K13.21 while others finished unchanged. The KSi was weaker, down by 2 pts to end at 6,310.82. In currency news today, our kina is buying 0.4468 and selling 0.4044 aussie today.
This morning has buyers lined up at K2.70 for CPL, while sellers are queued up at a low K19.00 In the pre-open phase of the market.
MOVERS
Yesterday’s movers on the market 08/02/10;
CCP: 0.56%
OSH: -0.07%
Friday, February 5, 2010
POMSoX UPDATE
LOCAL STOCKS
Local market closed strong on reasonable volumes of shares changed hands with NBO was down by 0.026 to K18.50, BSP shed 0.013 to 78t, meanwhile CCP gained 0.056 to K1.770 and OSH was up by 0.11 to close at K15.00.
Local market this morning may open flat at the back of weak leads from the offshore markets. CPL bidders are now lined at K2.70, while NGP are on offer at K1.720. KSI was up by 232.39 pts to close at 6,763.24. Our kina this morning is buying aussie at 0. 4490 and selling at 0.4065.
MOVERS
Yesterday’s risers and fallers on the market 4/02/01;
BSP: -1.26%
CCP: 0.56%
NBO: -2.63%
OSH: 11.11%
KSI: 3.56%
Local market closed strong on reasonable volumes of shares changed hands with NBO was down by 0.026 to K18.50, BSP shed 0.013 to 78t, meanwhile CCP gained 0.056 to K1.770 and OSH was up by 0.11 to close at K15.00.
Local market this morning may open flat at the back of weak leads from the offshore markets. CPL bidders are now lined at K2.70, while NGP are on offer at K1.720. KSI was up by 232.39 pts to close at 6,763.24. Our kina this morning is buying aussie at 0. 4490 and selling at 0.4065.
MOVERS
Yesterday’s risers and fallers on the market 4/02/01;
BSP: -1.26%
CCP: 0.56%
NBO: -2.63%
OSH: 11.11%
KSI: 3.56%
Thursday, February 4, 2010
POMSoX UPDATE
LOCAL STOCKS
The market yesterday had a relatively active day with reasonable volumes changing hands for CPL and NGP, with both stocks closing at K2.75 and K1.50 respectively. While OSH finished steady at K13.50, and the KSi closed lower, down almost 2 percent to 6530 points.
CPL bidders are lined up at a high K2.70, while BSP due to reasonable sell pressure has sellers queued up at a low K0.79, in today’s pre-open phase.
MOVERS
Yesterday’s movers on the market 3/02/10;
CPL: 3.84%
MGO: -23.40%
NBO: 2.15%
NGP: -12.79%
The market yesterday had a relatively active day with reasonable volumes changing hands for CPL and NGP, with both stocks closing at K2.75 and K1.50 respectively. While OSH finished steady at K13.50, and the KSi closed lower, down almost 2 percent to 6530 points.
CPL bidders are lined up at a high K2.70, while BSP due to reasonable sell pressure has sellers queued up at a low K0.79, in today’s pre-open phase.
MOVERS
Yesterday’s movers on the market 3/02/10;
CPL: 3.84%
MGO: -23.40%
NBO: 2.15%
NGP: -12.79%
Wednesday, February 3, 2010
POMSoX UPDATE
LOCAL STOCKS
Tuesday saw the KSI shed 3.25 points to close at 6,532, with HIG and MGO were down by 15.78 and 2.08 percent respectively, meanwhile CCP, NBO and NGP advanced by half a percentage each. IOC on NYSE added US$3.97 to close at US$66.65.
Our market this morning may open on calm note at the back moderate finish by offshore markets last night. The pre – open phase of market saw NGE bidders lined at 36t, while offers for CPL are at K2.75.
MOVERS
Yesterday’s risers and fallers on the market 3/02/10;
CCP: 0.57%
HIG: -15.78%
MGO: 2.08%
NBO: 0.54%
NGP: 0.58 %
KSI: -0.05%
Tuesday saw the KSI shed 3.25 points to close at 6,532, with HIG and MGO were down by 15.78 and 2.08 percent respectively, meanwhile CCP, NBO and NGP advanced by half a percentage each. IOC on NYSE added US$3.97 to close at US$66.65.
Our market this morning may open on calm note at the back moderate finish by offshore markets last night. The pre – open phase of market saw NGE bidders lined at 36t, while offers for CPL are at K2.75.
MOVERS
Yesterday’s risers and fallers on the market 3/02/10;
CCP: 0.57%
HIG: -15.78%
MGO: 2.08%
NBO: 0.54%
NGP: 0.58 %
KSI: -0.05%
Tuesday, February 2, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market has experienced a low turnover yesterday with light volumes changing hands for BSP, LGL, MGO, NBO and OSH. BSP, NBO and OSH closed lower while other stocks remain unchanged. IOC on NYSE gained 6.04 percent to close at $62.68.
Our market this morning is expected to open higher at the back of strong leads from the offshore markets as a results of positive news showing gains in consumer income and spending as well as manufacturing activities in US, Europe and Asia. CPL buyers are lined at K2.60, while offers for NGP still remain at K1.72. Our kina this morning is buying at 0.4373 and selling at 0.3959.
MOVERS
Yesterday’s risers and fallers on the market 2/02/10;
BSP: - 1.25%
NBO: - 2.63%
OSH: - 3.57%
The local market has experienced a low turnover yesterday with light volumes changing hands for BSP, LGL, MGO, NBO and OSH. BSP, NBO and OSH closed lower while other stocks remain unchanged. IOC on NYSE gained 6.04 percent to close at $62.68.
Our market this morning is expected to open higher at the back of strong leads from the offshore markets as a results of positive news showing gains in consumer income and spending as well as manufacturing activities in US, Europe and Asia. CPL buyers are lined at K2.60, while offers for NGP still remain at K1.72. Our kina this morning is buying at 0.4373 and selling at 0.3959.
MOVERS
Yesterday’s risers and fallers on the market 2/02/10;
BSP: - 1.25%
NBO: - 2.63%
OSH: - 3.57%
Monday, February 1, 2010
POMSoX UPDATE
MONDAY 1st FEBURARY 2010
LOCAL STOCKS
Domestic market had ended on a low note with all stocks remained unchanged as of last trade, meanwhile BSP and NBO gained 2.56 percent and 2.70 percent respectively to close higher. The week had a mixed leads following US unemployment and tightening measures by central banks in America, China and India, corporate default risk increased on concerns about Greece’s swelling deficit, and fiscal worries in Europe.
The market this morning may open flat on the back of weak finish from the offshore markets. The pre – phase opening of the market, has CPL bidders lined at K2.60, while offers for HIG are lined at 95t. KSI closed higher by 0.33 percent. Our kina this morning is buying aussie at 0.4430 and selling at 0.4010.
MOVERS
Yesterday’s risers and fallers on the market 1/02/10;
BSP: 2.56%
NBO: 2.70%
KSI: 0.33%
LOCAL STOCKS
Domestic market had ended on a low note with all stocks remained unchanged as of last trade, meanwhile BSP and NBO gained 2.56 percent and 2.70 percent respectively to close higher. The week had a mixed leads following US unemployment and tightening measures by central banks in America, China and India, corporate default risk increased on concerns about Greece’s swelling deficit, and fiscal worries in Europe.
The market this morning may open flat on the back of weak finish from the offshore markets. The pre – phase opening of the market, has CPL bidders lined at K2.60, while offers for HIG are lined at 95t. KSI closed higher by 0.33 percent. Our kina this morning is buying aussie at 0.4430 and selling at 0.4010.
MOVERS
Yesterday’s risers and fallers on the market 1/02/10;
BSP: 2.56%
NBO: 2.70%
KSI: 0.33%
Friday, January 29, 2010
POMSoX UPDATE
LOCAL STOCKS
The domestic bourse closed lower yesterday with BSP, CCP and OSH shed 4.87 percent, 0.56 percent and 6.66 percent respectively. OSH downbeat was tracking a 10 percent fall in production this calendar year after delivering 2009 output. Other stocks remain unchanged as of yesterday’s trade.
The market this morning may open flat at back of international bourses assimilating worse than expected US employment data causing a weak start. The pre – open phase of market, has offers for HIG and CGA lined at 95t and 61t respectively. Our kina this morning is buying aussie at 0.4357 and selling at 0.3944.
NEWS
OHS released its 4th quarter production report yesterday, with output of 2.2 mmmboe which is 6 percent higher than the third quarter. Annual production for the year was 8.1mmboe. This is 6 percent below 2008 levels.
MOVERS
Yesterday’s risers and fallers on the market 29/01/10;
BSP: - 4.87%
CCP: - 0.58%
OSH: - 6.66%
The domestic bourse closed lower yesterday with BSP, CCP and OSH shed 4.87 percent, 0.56 percent and 6.66 percent respectively. OSH downbeat was tracking a 10 percent fall in production this calendar year after delivering 2009 output. Other stocks remain unchanged as of yesterday’s trade.
The market this morning may open flat at back of international bourses assimilating worse than expected US employment data causing a weak start. The pre – open phase of market, has offers for HIG and CGA lined at 95t and 61t respectively. Our kina this morning is buying aussie at 0.4357 and selling at 0.3944.
NEWS
OHS released its 4th quarter production report yesterday, with output of 2.2 mmmboe which is 6 percent higher than the third quarter. Annual production for the year was 8.1mmboe. This is 6 percent below 2008 levels.
MOVERS
Yesterday’s risers and fallers on the market 29/01/10;
BSP: - 4.87%
CCP: - 0.58%
OSH: - 6.66%
Thursday, January 28, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market edged mildly higher with BSP and HIG on the upswing closing at 82t and 95t respectively, while OSH, NBO and MGO closed unchanged. IOC on NYSE shed 7.59 percent yesterday to close at US$68.82.
The market this morning may open high on the back of strong finish from the offshore markets last night, although concerns about economic worries in China still remain. OSH is expected to release today the fourth quarter production report.
KSI was up yesterday, adding 8.46 points to close slightly higher at 6,803.15. The kina is buying aussie at 0.4337 and is selling at 0.3926.
MOVERS
Yesterday’s risers and fallers on the market 28/01/10;
BSP: 1.23%
HIG: 2.15%
KSI: 0.12%
The local market edged mildly higher with BSP and HIG on the upswing closing at 82t and 95t respectively, while OSH, NBO and MGO closed unchanged. IOC on NYSE shed 7.59 percent yesterday to close at US$68.82.
The market this morning may open high on the back of strong finish from the offshore markets last night, although concerns about economic worries in China still remain. OSH is expected to release today the fourth quarter production report.
KSI was up yesterday, adding 8.46 points to close slightly higher at 6,803.15. The kina is buying aussie at 0.4337 and is selling at 0.3926.
MOVERS
Yesterday’s risers and fallers on the market 28/01/10;
BSP: 1.23%
HIG: 2.15%
KSI: 0.12%
Monday, January 25, 2010
POMSoX UPDATE
LOCAL STOCKS
The market closed active with a reasonable turnover as the KSi ended 2.19 percent to 6812. BSP lost territory by 1.20 percent while NBO gained K1.60 to close at K19.00. IOC on the NYSE ended at last night at $79.05 with a day’s high of $79.93.
The market has bids for NBO and OSH are as high as K18.50 and K15.00 respectively, as sellers LGL are queued up at K8.50. Our kina is buying 0.4306 aussie and selling at 0.3898 this morning.
PNG NEWS
LGL: Lihir Gold Limited announced its 4th Quarter results with fourth successive record annual gold production, up 27% to an historical 1.12 million ounces output and total cash costs at $397/oz for the full year.
MOVERS
Friday’s movers on the bourse 22/01/10:
BSP: -1.20%
NBO: 9.19%
The market closed active with a reasonable turnover as the KSi ended 2.19 percent to 6812. BSP lost territory by 1.20 percent while NBO gained K1.60 to close at K19.00. IOC on the NYSE ended at last night at $79.05 with a day’s high of $79.93.
The market has bids for NBO and OSH are as high as K18.50 and K15.00 respectively, as sellers LGL are queued up at K8.50. Our kina is buying 0.4306 aussie and selling at 0.3898 this morning.
PNG NEWS
LGL: Lihir Gold Limited announced its 4th Quarter results with fourth successive record annual gold production, up 27% to an historical 1.12 million ounces output and total cash costs at $397/oz for the full year.
MOVERS
Friday’s movers on the bourse 22/01/10:
BSP: -1.20%
NBO: 9.19%
Friday, January 22, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market closed on another calm note on thin volumes; BSP finished steady at K0.83 with NBO and OSH ending weaker by 3.33 and 2 percent respectively. While on the LSE, NBO lost 7pence to end the day at GBP4.46 which is equivalent to K20.55.
The market this morning is expected to open weaker on the back of negative leads from the overseas markets; with CCP offers are available at K1.75 whereas bids for CPL are as high as K2.60. The kina is selling aussie at 0.3905 this morning.
MOVERS
Yesterday’s risers and fallers on the market 21/01/10;
NBO: -3.33%
OSH: -1.96%
The local market closed on another calm note on thin volumes; BSP finished steady at K0.83 with NBO and OSH ending weaker by 3.33 and 2 percent respectively. While on the LSE, NBO lost 7pence to end the day at GBP4.46 which is equivalent to K20.55.
The market this morning is expected to open weaker on the back of negative leads from the overseas markets; with CCP offers are available at K1.75 whereas bids for CPL are as high as K2.60. The kina is selling aussie at 0.3905 this morning.
MOVERS
Yesterday’s risers and fallers on the market 21/01/10;
NBO: -3.33%
OSH: -1.96%
Thursday, January 21, 2010
POMSoX UPDATE
LOCAL STOCKS
Thursday saw the bourse close active with reasonable volumes changing hands for LGL, as OSH jumped 2 percent yesterday to close at K15.30; No news from the economic front, while on the commodities gold and oil ended higher.
Sellers for BSP and HIG are lined up at a low K0.83 and K0.95 respectively. With our kina buying 0.4288 and selling 0.3881 aussie this morning.
MOVERS
Yesterdays’ movers on the bourse 20/01/10;
HIG: 2.15%
LGL: -5.88%
MGO: 33.33%
NGP: -0.58%
OSH: 2.00%
Thursday saw the bourse close active with reasonable volumes changing hands for LGL, as OSH jumped 2 percent yesterday to close at K15.30; No news from the economic front, while on the commodities gold and oil ended higher.
Sellers for BSP and HIG are lined up at a low K0.83 and K0.95 respectively. With our kina buying 0.4288 and selling 0.3881 aussie this morning.
MOVERS
Yesterdays’ movers on the bourse 20/01/10;
HIG: 2.15%
LGL: -5.88%
MGO: 33.33%
NGP: -0.58%
OSH: 2.00%
Wednesday, January 20, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi advanced 3.48 percent to end at 6965 points on light volumes yesterday, with LGL closing stronger tracking higher commodity prices, while BSP and OSH finished steady at K0.84 and K15.00 respectively. IOC slid 2.57 percent to close at $72.82 on reasonable volumes.
The market in its pre-open phase today, has sellers available for BSP at K0.83, while bids for LGL are at a high K8.00. The trend is expected to continue as the week progresses with positive leads from the overseas markets.
MOVERS
Monday’s movers on the bourse 18/01/10;
LGL: 8.97%
MGO: -28.00%
KSi advanced 3.48 percent to end at 6965 points on light volumes yesterday, with LGL closing stronger tracking higher commodity prices, while BSP and OSH finished steady at K0.84 and K15.00 respectively. IOC slid 2.57 percent to close at $72.82 on reasonable volumes.
The market in its pre-open phase today, has sellers available for BSP at K0.83, while bids for LGL are at a high K8.00. The trend is expected to continue as the week progresses with positive leads from the overseas markets.
MOVERS
Monday’s movers on the bourse 18/01/10;
LGL: 8.97%
MGO: -28.00%
Tuesday, January 19, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market opened the week weaker on thin volumes with BSP closed at K0.83 while LGL slid 2.5 percent to end at K7.80, as OSH finished unchanged at K15.00. KSi lost 68 points to close at 6731 points.
Market this morning in its pre open phase has sellers available at K8.50 while bids for NBO are as high as K18.00. Our kina is buying 0.4212 and selling aussie at 0.3813.
MOVERS
Monday’s movers on the bourse 18/01/10;
LGL: -2.50
The local market opened the week weaker on thin volumes with BSP closed at K0.83 while LGL slid 2.5 percent to end at K7.80, as OSH finished unchanged at K15.00. KSi lost 68 points to close at 6731 points.
Market this morning in its pre open phase has sellers available at K8.50 while bids for NBO are as high as K18.00. Our kina is buying 0.4212 and selling aussie at 0.3813.
MOVERS
Monday’s movers on the bourse 18/01/10;
LGL: -2.50
Monday, January 18, 2010
POMSoX UPDATE
LOCAL STOCKS
The local bourse closed slightly lower with CCP and HIG closing weaker at K1.76 and K0.93 respectively. While LGL ended steady at K8.00. IOC in the NYSE $76.20 on reasonable volumes.
In the opening phase of the market this morning has bids for LGL at a high K8.00 and HIG has buyers are lined up at K0.93. While in currency news, Kina is buying 0.4235 and selling 0.3834 aussie.
PNG NEWS
LGL: The board of Directors with the Chairman of Lihir Gold Limited Ross Garnaut announced this morning the resignation of Arthur Hood as CEO.
MOVERS
Friday's movers on the local market 15/01/10;
CCP: -0.56%
HIG: -2.10%
OSH: 0.06%
The local bourse closed slightly lower with CCP and HIG closing weaker at K1.76 and K0.93 respectively. While LGL ended steady at K8.00. IOC in the NYSE $76.20 on reasonable volumes.
In the opening phase of the market this morning has bids for LGL at a high K8.00 and HIG has buyers are lined up at K0.93. While in currency news, Kina is buying 0.4235 and selling 0.3834 aussie.
PNG NEWS
LGL: The board of Directors with the Chairman of Lihir Gold Limited Ross Garnaut announced this morning the resignation of Arthur Hood as CEO.
MOVERS
Friday's movers on the local market 15/01/10;
CCP: -0.56%
HIG: -2.10%
OSH: 0.06%
Friday, January 15, 2010
POMSoX UPDATE
LOCAL STOCKS
Yesterday saw the bourse closed relatively active with light volumes changing hands for NBO and OSH; BSP lost some territory finishing the day at K0.83, while CCP closed marginally higher at K1.77. On the NYSE saw IOC end at $76.20 with a day’s high of $77.05.
The market may finish stronger on positive leads from markets overnight. BSP has shares available at a low K0.84 while LGL bids are queued at K7.50. Our kina is selling aussie at 0.3791.
MOVERS
Yesterday’s movers on the local bourse 14/01/10:
BSP: -1.19%
CCP: 0.56%
NBO: 3.44%
OSH: -0.06%
Yesterday saw the bourse closed relatively active with light volumes changing hands for NBO and OSH; BSP lost some territory finishing the day at K0.83, while CCP closed marginally higher at K1.77. On the NYSE saw IOC end at $76.20 with a day’s high of $77.05.
The market may finish stronger on positive leads from markets overnight. BSP has shares available at a low K0.84 while LGL bids are queued at K7.50. Our kina is selling aussie at 0.3791.
MOVERS
Yesterday’s movers on the local bourse 14/01/10:
BSP: -1.19%
CCP: 0.56%
NBO: 3.44%
OSH: -0.06%
Thursday, January 14, 2010
POMSoX UPDATE
LOCAL STOCKS
Wednesday saw the local index close higher by 5 percent to 6797 points. OSH tracked stronger commodity prices to close higher at K15.00 on reasonable volumes. Whereas the others finished unchanged with CCP registering trades at K1.76.
Last night in the commodities markets, had all the base metals finished up while crude fell $1.15 to end at $79.64 per barrel.
Today may see the market open flat with mixed leads from the overseas markets but should close stronger as the week closes after optimism in earnings of the local companies. BSP shares are available at a low K0.84.
MOVERS
Yesterday’s movers on the bourse 13/01/10;
OSH: 15.38%
Wednesday saw the local index close higher by 5 percent to 6797 points. OSH tracked stronger commodity prices to close higher at K15.00 on reasonable volumes. Whereas the others finished unchanged with CCP registering trades at K1.76.
Last night in the commodities markets, had all the base metals finished up while crude fell $1.15 to end at $79.64 per barrel.
Today may see the market open flat with mixed leads from the overseas markets but should close stronger as the week closes after optimism in earnings of the local companies. BSP shares are available at a low K0.84.
MOVERS
Yesterday’s movers on the bourse 13/01/10;
OSH: 15.38%
Wednesday, January 13, 2010
POMSoX UPDATE
LOCAL STOCKS
Tuesday saw the KSi rose 148 points to 6467, with OSH advancing 7.43 percent to close at K13.00 while others finished unchanged. CCP slid 0.56 percent to finish at K1.76. The commodities had a negative day with all the base metals closing weaker, with gold closing at $1128 per ounce.
The market today has offers available for CPL at K2.60 while bids for NGE are as high as K0.36 on the local bourse while on the ASX its trading at 15 cents.
MOVERS
The movers on the bourse yesterday 12/01/10:
CCP: -0.56%
OSH: 7.43%
Tuesday saw the KSi rose 148 points to 6467, with OSH advancing 7.43 percent to close at K13.00 while others finished unchanged. CCP slid 0.56 percent to finish at K1.76. The commodities had a negative day with all the base metals closing weaker, with gold closing at $1128 per ounce.
The market today has offers available for CPL at K2.60 while bids for NGE are as high as K0.36 on the local bourse while on the ASX its trading at 15 cents.
MOVERS
The movers on the bourse yesterday 12/01/10:
CCP: -0.56%
OSH: 7.43%
Friday, January 8, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse again saw another relatively active day with reasonable trades going through for BSP at K0.84 , while HIG registered a close at K0.95. KSi rose 46 points to close at 6853 points. On the ASX market saw HIG 0.385 cents.
This morning may see the market to open flat with bids for LGL are as high as K8.00 while NBO buying stands at K17.40.
MOVERS
Thursday’s movers on the bourse 07/01/10:
HIG : 18.75%
OSH: -0.73%
The bourse again saw another relatively active day with reasonable trades going through for BSP at K0.84 , while HIG registered a close at K0.95. KSi rose 46 points to close at 6853 points. On the ASX market saw HIG 0.385 cents.
This morning may see the market to open flat with bids for LGL are as high as K8.00 while NBO buying stands at K17.40.
MOVERS
Thursday’s movers on the bourse 07/01/10:
HIG : 18.75%
OSH: -0.73%
Thursday, January 7, 2010
POMSoX UPDATE
LOCAL STOCKS
The KSi was down by 4.12 percent to 6,537 with most of the stocks traded closing weaker HIG and NBO fell 11.11 percent respectively. The only gainer on the day was CPL moving 6 percent to close at K2.60. IOC lost 26 cents on the NYSE to end at US$83.44.
In resources, metals rose for a fourth straight session, likewise oil and natural gas rallying amid cold weather conditions across the Northern Hemisphere. Gold was up 1.5 percent supported by weakness in the USD.
The market today may open flat with mixed leads from the international markets; sellers for HIG are at a low K0.95 while LGL bidders are lined up at K8.00. Our Aussie Kina sell rate stands at 0.3832 this morning.
MOVERS
Yesterday movers on the market 06/01/10:
BSP: -1.17%
CPL: 6.12%
HIG: -11.11%
NBO: -11.11%
OSH: -9.33%
The KSi was down by 4.12 percent to 6,537 with most of the stocks traded closing weaker HIG and NBO fell 11.11 percent respectively. The only gainer on the day was CPL moving 6 percent to close at K2.60. IOC lost 26 cents on the NYSE to end at US$83.44.
In resources, metals rose for a fourth straight session, likewise oil and natural gas rallying amid cold weather conditions across the Northern Hemisphere. Gold was up 1.5 percent supported by weakness in the USD.
The market today may open flat with mixed leads from the international markets; sellers for HIG are at a low K0.95 while LGL bidders are lined up at K8.00. Our Aussie Kina sell rate stands at 0.3832 this morning.
MOVERS
Yesterday movers on the market 06/01/10:
BSP: -1.17%
CPL: 6.12%
HIG: -11.11%
NBO: -11.11%
OSH: -9.33%
Tuesday, January 5, 2010
POMSoX UPDATE
LOCAL STOCKS
Generally, all the markets closed higher riding on stronger manufacturing activity around the world and firmer oil prices. The local bourse on the other hand finished slightly lower by 0.32 points to 6815 with CGA being the only mover sliding 1.61 percent to end at K0.61.
On the resources front, the base metals were all up with reasonable gains; gold advanced 2.13 percent to US$1120 per ounce and likewise did oil edging over the US$80mark to US$81.70 per barrel.
The market this morning is expected to continue its upward trend however, on light volumes. Offers for BSP and CCP are available at K0.85 and K1.77.
MOVERS
Yesterday risers and fallers on the market 04/0110:
CGA: -1.61%
Generally, all the markets closed higher riding on stronger manufacturing activity around the world and firmer oil prices. The local bourse on the other hand finished slightly lower by 0.32 points to 6815 with CGA being the only mover sliding 1.61 percent to end at K0.61.
On the resources front, the base metals were all up with reasonable gains; gold advanced 2.13 percent to US$1120 per ounce and likewise did oil edging over the US$80mark to US$81.70 per barrel.
The market this morning is expected to continue its upward trend however, on light volumes. Offers for BSP and CCP are available at K0.85 and K1.77.
MOVERS
Yesterday risers and fallers on the market 04/0110:
CGA: -1.61%
Monday, January 4, 2010
POMSoX UPDATE
LOCAL STOCKS
Last Thursday saw the bourse closed the year lower and on thin volumes. BSP and OSH ended trading, advancing 6.25 and 11.11 percent respectively; while the others finished unchanged. Sellers for NBO closed the market at a low K17.40. IOC in NYSE closed US$77.17
Commodity markets ended 2009 on a high with US crude finishing at US$79.36 reaching a high of US$80 barrel. While Gold ended at US$1097.33 per ounce.
This morning may see the market open lower due to weaker leads from overseas. The pre open phase of the market this has bids for BSP at a high K0.84 while offers are available for CCP as low as K1.77.
MOVERS
Movers on the local bourse last Thursday 31/12/09:
BSP: 6.25%
OSH: 11.111%
Last Thursday saw the bourse closed the year lower and on thin volumes. BSP and OSH ended trading, advancing 6.25 and 11.11 percent respectively; while the others finished unchanged. Sellers for NBO closed the market at a low K17.40. IOC in NYSE closed US$77.17
Commodity markets ended 2009 on a high with US crude finishing at US$79.36 reaching a high of US$80 barrel. While Gold ended at US$1097.33 per ounce.
This morning may see the market open lower due to weaker leads from overseas. The pre open phase of the market this has bids for BSP at a high K0.84 while offers are available for CCP as low as K1.77.
MOVERS
Movers on the local bourse last Thursday 31/12/09:
BSP: 6.25%
OSH: 11.111%
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