POMSoX UPDATE

LOCAL STOCKS

The bourse closed relatively calm with CCP and NGP closing weaker at K1.75 and K1.40 respectively; while CPL advanced 3.32 percent to end at K2.80 as OSH edged higher to close at K13.50.

The bourse has bids for CCP at K1.60 while NBO offers are available at K18.50 today and kina is selling aussie at 0.3849.

PNG NEWS

OSH: Oil search reported to the market on its end of year 2009 accounts posting a net profit after tax excluding significant items of US$99.6million, riding on a 35 percent fall in the average realized oil price combined with 7 percent decline in oil sales.

MOVERS
Monday’s movers on the bourse 22/02/10;
CCP: -1.21%
CPL: 3.32%
NGP: -18.60%
OSH: 0.74%