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%
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- BSP Capital
- 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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