POMSoX UPDATE

LOCAL STOCKS

Local market ended the month on a negative note, with light volumes changing hands for BSP, NBO and OSH. Dual listed stocks, NBO and OSH lost 50t each to land on a negative territory buoyed by a mixed leads from the offshore markets after a disappointing US job data humiliating hopes that global economy recovery will continue.


In this week's markets releases:
• KAML in its end of year report shows its investment portfolio increased by million, or 9.4% in 2009 ,
•Credit Corporation recorded Operating Profit of K33.12 million for the year ended 31 December 2009 and,
•LGL’s shares are inserted in the FTSE All World Index as well as FTSE Australia Index, which put the stock on investors’ radar screen.

This morning the market may open flat with businesses closing early for Easter Holiday’s. Offers for NGP are queued at K1.45 while bids for HIG continue at K0.68.

Gainers and Looser on the bourse yesterday 31/03/10:
NBO: -2.50%
OSH: -3.64%
KSI: -1.46%