POMSoX UPDATE

LOCAL STOCKS

The local market was quiet with light volumes crossing yesterday. BSP witnessed trades at K0.65; CCP ended the day steady at K1.50, the only mover was NBO falling 2.52 percent to close at K18.98 while on the LSE it finished at GBP4.82 down by 0.92 percent.

Bids for NBO are as high as K18.50 this morning while sellers for CCP shares are lined up at K1.50, no economic data was released to the market while on the corporate front, various mining companies released their Q2 activity reports.

In currency news, our kina has been stable for the past week averaging 0.4300, this morning it is buying 0.4333 and selling 0.3881 aussie as USD/PGK stands at 0.3909 today.

MOVERS
Yesterday’s movers on the local market 26/07/10;
NBO: -2.52%