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%