POMSoX UPDATE

LOCAL STOCKS

The local market has experienced a low turnover yesterday with light volumes changing hands for BSP, LGL, MGO, NBO and OSH. BSP, NBO and OSH closed lower while other stocks remain unchanged. IOC on NYSE gained 6.04 percent to close at $62.68.

Our market this morning is expected to open higher at the back of strong leads from the offshore markets as a results of positive news showing gains in consumer income and spending as well as manufacturing activities in US, Europe and Asia. CPL buyers are lined at K2.60, while offers for NGP still remain at K1.72. Our kina this morning is buying at 0.4373 and selling at 0.3959.


MOVERS
Yesterday’s risers and fallers on the market 2/02/10;
BSP: - 1.25%
NBO: - 2.63%
OSH: - 3.57%