LOCAL STOCKS
The market remained steady last Friday with modest volumes changing hands for BSP at K0.66; while CCP and NBO finished unchanged at K1.53 and K19.00 respectively. KSi closed fairly flat closing at 6519 points. The overseas markets tumbled as the Fed Reserve gave a cautious outlook on the economic recovery.
The markets are expected to open lower from negative leads but should end marginally flat. BSP has offers at K0.66, while CCP is trading at K1.53. In currency, kina versus aussie this morning fell from Friday’s range buying 0.4309 and selling at 0.3860 today.
PNG NEWS
News that Prime Minister has appointed Arthur Somare as the Acting treasurer taking in charge the vacancy after Mr. Pruaitch was suspended.
MOVERS
Last Friday’s movers on the bourse 25/06/10;
OSH: 0.07%
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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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