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%