POMSoX UPDATE

LOCAL STOCKS

Friday saw the market close relatively lower with very light volumes being traded for BSP and NBO; both stocks closed at K0.66 and K19.44 respectively. The KSi lost 7.61 points or 0.12% to close at 6,480.34. While on the NYSE, IOC closed at $46.90 reaching a high of $50.80 for the day.

The market today has a bid for CCP at K1.50 while sellers for OSH are lined up as low as K13.65. Kina this morning is buying 0.4337 and selling at 0.3876 aussie.

PNG NEWS

BSP Group announced a final dividend of 4 toea per share which will be paid on the 9th of July. This was announced at its annual meeting with shareholders on Friday.

MOVERS
Last Friday’s movers on the bourse 21/05/10;
NBO: -0.05%
OSH: -0.29%