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%
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