LOCAL STOCKS
Thursday, had the market closed calm over thin volumes, with NBO advancing 2.27 percent to end at K18.50 while OSH fell 20 toeas to K13.20. IOC closed higher at US$68.80 as OSH on the ASX market finished at A$5.24.
In commodities, last night saw both oil and the precious metal gained grounds to finish at US$78 and US$1122.00 respectively, supported by a weakening greenback.
Today has bids for CCP as high as K1.60 while sellers are at a low as K1.75. Kina this morning is buying 0.4277 and selling 0.3872 aussie.
PNG NEWS
IOC: Inter Oil Corporation could be sitting on more than 8 trillion cubic feet of contingent recoverable gas resources at its Elk/Antelope field in Papua New Guinea and also the evaluation from GLJ Petroleum Consultants also estimates initial recoverable condensate at 156.5 million barrels as at December 31, 2009.
MOVERS
Thursday’s movers on bourse 18/02/10:
NBO: 2.27%
OSH: -1.49%
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