Thursday, May 6, 2010

POMSoX UPDATE

LOCAL STOCKS

Market was quiet yesterday, with small volumes changing hands, BSP again finished unchanged at K0.69, while LGL fell 1.23 percent with reasonable volumes. Overseas, IOC in US lost $1.42 to close at US$61.75 and NBPO on the LSE also ended the day weaker by GBP7 to GBP5.36.

Pre-open phase of the market has bids for MGO as high as K0.30 as offers for CPL are available at K2.95. Kina versus aussie is buying at 0.4128 and selling 0.3689 today.