Tuesday, May 4, 2010

POMSoX UPDATE

LOCAL STOCKS

The market finished relatively calm yesterday, but closed higher after OSH advanced 2.19 percent to K13.99 while NBO closed weaker losing 40 toeas to K19.05 reaching a day’s high of K19.45. In overseas, NGE and HIG finished unchanged after seeing reasonable volumes changing hands at 22 and 28 cents aussie.

The market this morning has offers for BSP available at K0.69, as buyers for HIG shares are queued up at K0.75. Kina this morning is buying 0.4038 and 0.3609 aussie. Kina Facility Rate (KFR) as reported by the Central Bank remains steady for the month of May at 7.00 percent.

MOVERS
Monday’s movers on the bourse 03/05/10:
NBO: -2.05%
OSH: 2.19%