Monday, June 28, 2010

POMSoX UPDATE

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%