POMSoX UPDATE

LOCAL STOCKS

The local market last Friday, has seen a small volume of 12,000 worth K59,900 for equities traded, meanwhile the debt product, BSPHA had 21 notes traded at K25,450.00. NBO and OSH sheds K1.40 and 49t respectively to close low at K17.60 and K13.50, while MGO and BSP gained 33.33% and 1.29% respectively to close high at 48t and 78t. Other stocks on the local bourse closed unchanged.


Our market this morning is expected to open flat as a result of increased bank reserve requirements of 50bps by China’s central bank to curtail lending by commercial banks, slow Europe’s economy recovery and Greece debt worries still lingered. The pre – open phase of the market, has buyer for BSP note queued at K24,450.00, whereas bidders for CPL remain active at K2.71. Our kina this morning is buying aussie at 0.4337 and selling at 0.3926


MOVERS
Yesterday’s movers on the market 12/02/10;

BSP: up by 1.29% to K0.78, from K0.77
OSH: down by 3.5% to K13.50, from K13.99
MGO: up by 33.33% to 48t, from 0.36t
NBO: down by 7.36% to K17.60, from K18.50
KSI: down by 1.40% to 6,328.22, from 6,619.43