POMSoX UPDATE

LOCAL STOCKS

KSi was up yesterday on the back of strong moves by CPL and BSPHA closing stronger by 1.81 and 2.05 respectively. While BSP ended the day flat at K0.69 on light volumes, as LGL had bid as high as K8.00.

In company news, OSH released saying natural field decline, reservoir management issues and a scheduled shutdown are to blame for its first quarter production falling from the previous three months. MGO also announced its commencement in deep drilling at Yandera.

The pre-open phase of the market has offers available for CPL at K2.80 as BSP sellers are queued at K0.69. Kina this morning against aussie is buying at 0.4193 and selling at 0.3747.

MOVERS
Movers on the bourse yesterday 27/04/10;
BSPHA: 2.05%
CCP: 0.62%
CPL: 1.81%
HIG 21.21%
NBO: -0.25%
OSH: 4.50%