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%