LOCAL STOCKS
Local market was again quiet throughout yesterday with light volumes changing hands, BSP remained steady at K0.66 and NBO advanced 2.36 percent to close at K19.45. OSH slid during the day finishing at K13.69, while on the ASX market it closed weaker at $5.25.
In overseas last night most of the indices ended sharply lower on worries that slow growth in Europe and a rising dollar could halt the global recovery. The local bourse may experience another quiet with offers for BSP and CCP available at K0.66 and K1.58 respectively.
PNG NEWS
BSP: BSP Group will hold its annual meeting today at the Crowne Plaza hotel, Port Moresby.
CGA: Airlines of PNG announced its signing of its air services deal with Essso Highlands Limited on PNG LNG project.
MOVERS
Yesterday’s movers on the bourse 20/05/10;
NBO: 2.36%
OSH: -0.79%
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- BSP Capital is the leading stock broker and fund manager in Papua New Guinea. This site is designed to offer open discussion and market information. Nothing on this site should be thought of as investment advice. There are risks to investing and not all risks are explained here. Always speak with an adviser before investing. www.bsp-capital.com
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