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%
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- BSP Capital is the leading stock broker and fund manager in Papua New Guinea. This site is designed to offer open discussion and market information. Nothing on this site should be thought of as investment advice. There are risks to investing and not all risks are explained here. Always speak with an adviser before investing. www.bsp-capital.com
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