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%