POMSoX UPDATE

LOCAL STOCKS

Monday saw a relatively calm opening for the week with BSP finishing steady at K0.65with bids as high as K0.60, as CCP edged higher to close at K1.58 on light volumes. While OSH lost 65 toeas to end at K13.00. KSi dropped 1.77 percent to 6360 points.

Market today has bids for CPL buying at K2.90 and offers for NBO are at a low K19.44. Kina this morning is buying 0.4329 and selling at 0.3865 aussie.

PNG NEWS

LGL: Lihir Gold Limited released an update on its mineral reserves and resources at its Bonikro operation in
Côte d’Ivoire.

OSH: Oil Search Limited reported that Tim Warren who is a non-executive director with the company resigned yesterday.

MOVERS
Yesterday’s movers on the bourse 31/05/10;
CCP: 2.59%
NGP: -0.71%
OSH: -4.76%