POMSoX UPDATE

LOCAL STOCKS

Yesterday’s trades have seen KSI ended high, up by 5.56% to closed stronger at 6,619.43, as OSH gained 99t to close at K13.99, while BSP shed 0.1t to close at K0.77; all on reasonable volumes. Other stocks remained unchanged.

The market this morning is expected to open high, at the back of positive leads from the offshore markets as European leaders pledged to help Greece with its growing debt crisis. CPL bidders have increased their buying interest by another 0.1t to last at K2.71, meanwhile offers for LGL are now queued at K7.50. Our kina this morning is buying aussie at 0.4322 and selling at 0.3912.

MOVERS
Yesterday’s movers on the market 11/02/10;

BSP: down by 1.26% to K0.77, from K0.78
OSH: up by 7.61% to K13.99, from K13.00
KSI: up by 5.56% to 6,619.43, from 6,271.01