LOCAL STOCKS
KSi lost 10 points to close at 6518 points yesterday, with OSH being the only mover finishing marginally weaker at K13.44; others ended unchanged with BSPHA registering 4 notes being traded at K25, 000.00. Overseas, the markets continued their losing streak, on worries about global economic outlook and a renewed focus on Euro sovereign debt.
The markets may open weaker this morning, on weaker leads from overseas. BSP has bids in the pre-open phase at a high K0.64, while reasonable volumes for NBO are available at K19.00. Kina this morning is buying 0.4342 and selling 0.3899 aussie.
PNG NEWS
IBPC: Independent Public Business Corporation has been given the approval to sell five percent stake in its BSP Limited holding.
MOVERS
Thursday’s movers on the bourse 24/06/10;
OSH: -0.44%
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