POMSoX UPDATE

MONDAY 1st FEBURARY 2010

LOCAL STOCKS

Domestic market had ended on a low note with all stocks remained unchanged as of last trade, meanwhile BSP and NBO gained 2.56 percent and 2.70 percent respectively to close higher. The week had a mixed leads following US unemployment and tightening measures by central banks in America, China and India, corporate default risk increased on concerns about Greece’s swelling deficit, and fiscal worries in Europe.

The market this morning may open flat on the back of weak finish from the offshore markets. The pre – phase opening of the market, has CPL bidders lined at K2.60, while offers for HIG are lined at 95t. KSI closed higher by 0.33 percent. Our kina this morning is buying aussie at 0.4430 and selling at 0.4010.


MOVERS
Yesterday’s risers and fallers on the market 1/02/10;
BSP: 2.56%
NBO: 2.70%
KSI: 0.33%