POMSoX UPDATE

LOCAL STOCKS

Tuesday, saw the bourse end relatively calm, with BSP remaining steady at K0.64, while OSH opened the day strong seeing trades at K12.99; NBO slid 1.04 percent finishing at K19.00. IOC on the NYSE rose 1.89 percent to $58.78 reaching a day’s high of $59.92 per share.

In Commodities, gold topped at $1250 an ounce as oil settled at $71.58 per barrel on the back of storms hitting the East Coast of US.

The market is set to open flat this morning with buyers for NBO steady at K19.00, as OSH sellers are lining up at K12.99. Kina against aussie is buying 0.4473 and selling at 0.3896 today.

PNG NEWS

OSH: Oil Search will pay a 2010 interim dividend of US$0.02 (US two cents) per ordinary share. The record date is on the 17th September while the payment date is on the 11th of October.

MOVERS
Yesterday’s movers on the bourse 31/08/10;
BSPHA: 0.39%
NBO: -1.04%
OSH: 3.92%