Friday, August 27, 2010
National Court of Papua New Guinea Approves Scheme of Arrangement
Lihir Gold Ltd (“LGL”) advises that the National Court of Papua New Guinea today approved the Scheme of Arrangement by which Newcrest Mining Ltd ("Newcrest") will acquire all of the issued shares of LGL (“the Scheme”). This follows the approval of the Scheme by LGL shareholders at the Scheme Meeting on 23 August 2010.
Thursday, August 26, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market was quiet yesterday with BSP shares registering trades at K0.64, while others finished unchanged. In overseas, most of the markets closed generally higher after a late rally last night.
The bourse today has bids for BSP as high as K0.64 and LGL buyers are lined up at K9.10. Our Kina versus the aussie dollar this morning is buying 0.4266 and selling at 0.3821.
PNG NEWS
CUE: Cue Energy reported yesterday on its Financial year ending 30th June highlighting production income up 80% to A$54.7 million and its gross profit up 98% to A$43.6 million. It also reduced its debt to US$12 million.
LGL: Further to the announcement on 23 August 2010, LGL advises the New Newcrest Shares will
commence trading on ASX and POMSoX on a normal settlement basis on Wednesday,
22 September 2010.
MOVERS
Nil Movers on the market yesterday 25/08/10.
The local market was quiet yesterday with BSP shares registering trades at K0.64, while others finished unchanged. In overseas, most of the markets closed generally higher after a late rally last night.
The bourse today has bids for BSP as high as K0.64 and LGL buyers are lined up at K9.10. Our Kina versus the aussie dollar this morning is buying 0.4266 and selling at 0.3821.
PNG NEWS
CUE: Cue Energy reported yesterday on its Financial year ending 30th June highlighting production income up 80% to A$54.7 million and its gross profit up 98% to A$43.6 million. It also reduced its debt to US$12 million.
LGL: Further to the announcement on 23 August 2010, LGL advises the New Newcrest Shares will
commence trading on ASX and POMSoX on a normal settlement basis on Wednesday,
22 September 2010.
MOVERS
Nil Movers on the market yesterday 25/08/10.
Friday, August 20, 2010
POMSoX UPDATE
LOCAL STOCKS
The local bourse was quiet yesterday, with BSP finishing steady over light volumes, while NBO slid -0.05 percent to K19.00. IOC on the NYSE ended at $63.81 adding 13 cents over night.
Pre-open phase of the market has bids for LGL as high as K9.05, as OSH bids are set to open at K13.00. Kina against aussie this morning is buying 0.4233 and selling 0.3792.
PNG NEWS
MSTG: Metal Storm Limited reported the results of the resolutions passed at the extraordinary general meeting of share holders.
MOVERS
Thursday’s movers on the local bourse 19/08/10;
NBO: -0.05%
The local bourse was quiet yesterday, with BSP finishing steady over light volumes, while NBO slid -0.05 percent to K19.00. IOC on the NYSE ended at $63.81 adding 13 cents over night.
Pre-open phase of the market has bids for LGL as high as K9.05, as OSH bids are set to open at K13.00. Kina against aussie this morning is buying 0.4233 and selling 0.3792.
PNG NEWS
MSTG: Metal Storm Limited reported the results of the resolutions passed at the extraordinary general meeting of share holders.
MOVERS
Thursday’s movers on the local bourse 19/08/10;
NBO: -0.05%
Wednesday, August 18, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse was again quiet yesterday with only light volumes changing hands for BSP and CCP at K0.65 and K1.45 respectively. While MGO lost 4.54 percent to close at K0.42 per share. KSi moved into positive territory yesterday adding 22 points to end at 6707 points.
The offshore markets rebounded off losses yesterday on positive corporate earnings from agricultural companies and FEDs dismissal of deflation as a concern. Today the local bourse will start the day strong with sellers for BSP shares at K0.66 and bids for LGL as high as K9.00. Kina versus aussie today is buying 0.4171 and selling at 0.3736.
MOVERS
Yesterday’s mover on the local share market 17/08/10;
BSP: 1.56%
LGL: 0.55%
MGO: -4.54%
The bourse was again quiet yesterday with only light volumes changing hands for BSP and CCP at K0.65 and K1.45 respectively. While MGO lost 4.54 percent to close at K0.42 per share. KSi moved into positive territory yesterday adding 22 points to end at 6707 points.
The offshore markets rebounded off losses yesterday on positive corporate earnings from agricultural companies and FEDs dismissal of deflation as a concern. Today the local bourse will start the day strong with sellers for BSP shares at K0.66 and bids for LGL as high as K9.00. Kina versus aussie today is buying 0.4171 and selling at 0.3736.
MOVERS
Yesterday’s mover on the local share market 17/08/10;
BSP: 1.56%
LGL: 0.55%
MGO: -4.54%
Tuesday, August 17, 2010
POMSoX UPDATE
LOCAL STOCKS
Nothing much happened on the local market yesterday, the market was quiet; BSP slid 1.53 percent settling at K0.64, while LGL ended unchanged at K9.00. KSi opened the week on weaker note losing 6 points to close at 6685 points.
The market is set to open flat this morning after steady leads from overseas following modest losses in the past weeks; CCP sellers are lined up at K1.45 and OSH has shares available at a low K13.24 per share. In Currency, Kina against aussie today is buying 0.4209 and selling 0.3770. No market releases yesterday.
MOVERS
Monday’s mover on the local share market 16/08/10;
BSP: -1.53%
Nothing much happened on the local market yesterday, the market was quiet; BSP slid 1.53 percent settling at K0.64, while LGL ended unchanged at K9.00. KSi opened the week on weaker note losing 6 points to close at 6685 points.
The market is set to open flat this morning after steady leads from overseas following modest losses in the past weeks; CCP sellers are lined up at K1.45 and OSH has shares available at a low K13.24 per share. In Currency, Kina against aussie today is buying 0.4209 and selling 0.3770. No market releases yesterday.
MOVERS
Monday’s mover on the local share market 16/08/10;
BSP: -1.53%
Monday, August 16, 2010
POMSoX UPDATE
LOCAL STOCKS
The local bourse closed relatively active with trades registering for BSP and CPL at K0.65 and K2.95 respectively, as OSH slid 0.07 percent to end the week at K13.26 reaching a high of K13.27. Off shore markets saw most indices closed in the red riding on comments by the FED that the pace of recovery is likely to be modest in the near term than had been anticipated.
The local share market may open slightly lower after mixed leads from overseas, with offers for CCP at a low K1.45 and bidders for OSH lined up at K12.00. Kina today is buying 0.4229 and selling 0.3788 aussie.
MOVERS
Friday’s movers on the bourse 13/08/10;
CCP: -0.68%
CPL: 0.34%
NBO: 0.05%
OSH: -0.07%
The local bourse closed relatively active with trades registering for BSP and CPL at K0.65 and K2.95 respectively, as OSH slid 0.07 percent to end the week at K13.26 reaching a high of K13.27. Off shore markets saw most indices closed in the red riding on comments by the FED that the pace of recovery is likely to be modest in the near term than had been anticipated.
The local share market may open slightly lower after mixed leads from overseas, with offers for CCP at a low K1.45 and bidders for OSH lined up at K12.00. Kina today is buying 0.4229 and selling 0.3788 aussie.
MOVERS
Friday’s movers on the bourse 13/08/10;
CCP: -0.68%
CPL: 0.34%
NBO: 0.05%
OSH: -0.07%
Friday, August 13, 2010
POMSoX UPDATE
LOCAL STOCKS
The market closed on a light note yesterday, with small volumes changing hands for BSP and CCP at K0.66 and K1.46 respectively. KSi was slightly down 0.03 percent to end at 6694 points. Offshore markets were all weaker on the back of disappointing growth data from US, China and Japan.
The market should open lower after negative leads from overseas, the bourse this morning has buying for BSP shares at K0.65, while sellers for NBO are at a low K19.00.Kina this morning is buying 0.4216 and selling 0.3777 aussie.
PNG NEWS
MGO: Marengo Mining Limited reported the completion of its capital raising on TSX raising CA$21 million for the funding of its DFS and regional copper exploration.
MOVERS
Thursday's movers on the bourse 12/08/10;
NBO: -0.05%
OSH: -0.15%
The market closed on a light note yesterday, with small volumes changing hands for BSP and CCP at K0.66 and K1.46 respectively. KSi was slightly down 0.03 percent to end at 6694 points. Offshore markets were all weaker on the back of disappointing growth data from US, China and Japan.
The market should open lower after negative leads from overseas, the bourse this morning has buying for BSP shares at K0.65, while sellers for NBO are at a low K19.00.Kina this morning is buying 0.4216 and selling 0.3777 aussie.
PNG NEWS
MGO: Marengo Mining Limited reported the completion of its capital raising on TSX raising CA$21 million for the funding of its DFS and regional copper exploration.
MOVERS
Thursday's movers on the bourse 12/08/10;
NBO: -0.05%
OSH: -0.15%
Wednesday, August 11, 2010
POMSoX UPDATE
LOCAL STOCKS
Tuesday, saw the bourse close calm with KSi finishing marginally higher at 6697 points, after BSP and CCP finished unchanged at K0.65 and K1.47 respectively.
The market this morning has bids for BSP at a high K0.64, while sellers are lined up at a low K0.65. LGL buyers are queued up at K9.00, while PGK is buying 0.4159 and selling at0.3725 aussie.
PNG NEWS
CUE: Cue Energy Resources Limited is pleased to announce the completion of the sale of its interest in PRL8 in Papua New Guinea for US$5.14M in cash.
MOVERS
Tuesday’s movers on the bourse 10/08/10;
NBO: 1.65%
OSH: -0.22%
Tuesday, saw the bourse close calm with KSi finishing marginally higher at 6697 points, after BSP and CCP finished unchanged at K0.65 and K1.47 respectively.
The market this morning has bids for BSP at a high K0.64, while sellers are lined up at a low K0.65. LGL buyers are queued up at K9.00, while PGK is buying 0.4159 and selling at0.3725 aussie.
PNG NEWS
CUE: Cue Energy Resources Limited is pleased to announce the completion of the sale of its interest in PRL8 in Papua New Guinea for US$5.14M in cash.
MOVERS
Tuesday’s movers on the bourse 10/08/10;
NBO: 1.65%
OSH: -0.22%
Monday, August 9, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse on Friday finished relatively calm with trades going through for BSP at K0.65, while CCP and OSH dipped 0.68 and 0.07 percent respectively; as KAM ended unchanged at K1.08. KSi edged higher by 11 points to close the week at 6696 points.
Pre-open phase this morning has bids for BSP at a high K0.65, while offers are available at K0.66. OSH has shares available at K13.32. In Currency, kina this morning is buying 0.4193 and selling at 0.3756 aussie. No news on the economic and corporate front.
MOVERS
Friday’s movers on the bourse 6/08/10;
BSP: 3.17%
CCP: -0.68%
OSH: -0.07%
The bourse on Friday finished relatively calm with trades going through for BSP at K0.65, while CCP and OSH dipped 0.68 and 0.07 percent respectively; as KAM ended unchanged at K1.08. KSi edged higher by 11 points to close the week at 6696 points.
Pre-open phase this morning has bids for BSP at a high K0.65, while offers are available at K0.66. OSH has shares available at K13.32. In Currency, kina this morning is buying 0.4193 and selling at 0.3756 aussie. No news on the economic and corporate front.
MOVERS
Friday’s movers on the bourse 6/08/10;
BSP: 3.17%
CCP: -0.68%
OSH: -0.07%
Thursday, August 5, 2010
POMSoX UPDATE
LOCAL STOCKS
Wednesday, had the bourse close relatively active with reasonable volumes changing hands for BSP at K0.64, LGL edged 2.27 percent higher with trades registering at K9.00; on the other hand OSH slid, to close marginally lower at K13.34.
This morning has BSP shares available at K0.65, while CCP sellers are lined up at K1.47. Kina this morning is buying 0.4260 and selling 0.3767 aussie. In economic news, the Bank of PNG released data that inflation was at 5 percent for the March Quarter, while the KFR was maintained at 7 percent for the month of August.
MOVERS
Wednesday’s movers on the bourse 04/08/10 ;
BSP:1.58%
CCP: -0.67%
CPL: 0.33%
LGL: 2.27%
OSH: -0.29%
Wednesday, had the bourse close relatively active with reasonable volumes changing hands for BSP at K0.64, LGL edged 2.27 percent higher with trades registering at K9.00; on the other hand OSH slid, to close marginally lower at K13.34.
This morning has BSP shares available at K0.65, while CCP sellers are lined up at K1.47. Kina this morning is buying 0.4260 and selling 0.3767 aussie. In economic news, the Bank of PNG released data that inflation was at 5 percent for the March Quarter, while the KFR was maintained at 7 percent for the month of August.
MOVERS
Wednesday’s movers on the bourse 04/08/10 ;
BSP:1.58%
CCP: -0.67%
CPL: 0.33%
LGL: 2.27%
OSH: -0.29%
Tuesday, August 3, 2010
POMSoX UPDATE
Apologies, today’s update is not available due to technical difficulties experienced on POMSoX yesterday.
Monday, August 2, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse on Friday closed relatively active with reasonable volumes changing hands for BSP at K0.63; while LGL ended the week at K8.80 as OSH finished unchanged at K13.39. KSi edged higher by 18.47 points, to conclude the week at 6,640 points.
Pre-open phase this morning has a offer for BSPHA at K25, 400.00 per note as LGL sellers are lined up at a low K9.00. Kina this morning is buying 0.4287 and selling 0.3840 aussie.
MOVERS
Last Friday’s movers on the bourse 30/07/10;
BSP: 4.83%
OSH: -0.76%
The bourse on Friday closed relatively active with reasonable volumes changing hands for BSP at K0.63; while LGL ended the week at K8.80 as OSH finished unchanged at K13.39. KSi edged higher by 18.47 points, to conclude the week at 6,640 points.
Pre-open phase this morning has a offer for BSPHA at K25, 400.00 per note as LGL sellers are lined up at a low K9.00. Kina this morning is buying 0.4287 and selling 0.3840 aussie.
MOVERS
Last Friday’s movers on the bourse 30/07/10;
BSP: 4.83%
OSH: -0.76%
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