POMSoX UPDATE

LOCAL STOCKS

KSi closed marginally higher by 0.02 percent to 6643 points. BSP declined 1.53 percent to end the day at K0.65; while NBO edged higher to finish up at K18.97 as OSH ended the day at K13.41 over light volumes.

This morning has offers for BSP at K0.64 and CCP sellers are at a low K1.49. Kina this morning is stronger, buying 0.4356 and selling 0.3902 aussie.

PNG NEWS

NGE: New Guinea Energy Ltd yesterday afternoon reported securing a $25,000,000 equity subscription facility with US Based Investment Fund YA Global Master SPV Ltd (YA Global)

OSH: Oil Search Ltd released its quarterly results highlighting a total oil and gas production for the second quarter of 2010 was 1.94 million barrels of oil equivalent (mmboe), only marginally lower than first quarter production and total operating revenue was US$142.7 million compared to a US$133 million last quarter.

MOVERS
Yesterday’s movers on the bourse 27/07/10;
BSP: -1.53%
NBO: 2.54%
OSH: -0.07%