POMSoX UPDATE

TUESDAY 16th FEBURARY 2010

LOCAL STOCKS

Yesterday, saw the market open the week lower by less than a percent to 6323 points. BSP edged lower by 1.28 percent to close at K0.77 while NGP gained territory to end the day at K1.72 as others finished unchanged. Not much happened in the United States due to President’s day holiday.

In the pre-open phase of the market this morning, we have bids queued up for NBO and CPL at K18.00 and K2.70 respectively. While in currency news, our kina is buying aussie dollar at 0.4332 and selling at 0.3921.

On the corporate front, Bougainville Copper Limited (BCL) trading under the ticker symbol “BOC” on the ASX reported a net profit of A$4.3m (K8.7m) for the year ending 31st December 2009.

MOVERS
Yesterday’s movers on the market 15/02/10;

BSP: down by 1.28% to K0.77, from K0.78
NGP: up by 18.62% to K1.72, from K1.45
KSI: down by 0.07% to6,323.48, from 6,328.22