Wednesday, June 23, 2010

POMSoX UPDATE

LOCAL STOCKS

The bourse yesterday saw trades registering for CCP at K1.52, while MGO witnessed crossings at K0.44; NBO again slid 1.04 percent to K19.00 as OSH gained some territory to end the day at K13.50. KSi slipped 3 points concluding the day to close at 6503 points.

The markets this morning will head off into a weaker start with negative leads from offshore markets riding on the back weaker housing data and declining energy shares. BSP has bids available at K0.65 while sellers for CCP shares are lined up at a low K1.53. In currency news, our kina is buying 0.4267 and selling 0.3822 aussie.

PNG NEWS

Annual meetings will be held for CCP and NGIP this week Friday.

MOVERS
Tuesday’s movers on the bourse 22/06/10:
NBO: -1.04%
NGP: 0.71%
OSH: 0.37%