Monday, May 31, 2010

POMSoX UPDATE

MONDAY 31st MAY 2010

LOCAL STOCKS

The local bourse closed relatively flat on Friday with the only mover being NBO which gained 25t to close slightly higher at K19.44. All other stocks closed unchanged. The KSi climbed 4.12 points or 0.06% on Friday last week to close at 6,475.20, while the home index (KSHi) edged 37.85 points or 0.50% to close at 7,658.58 points.

The Open phase of the market has offers for BSP at K0.65 and OSH at K13.65; Kina versus Aussie is buying and selling at 0.4255 and 0.3812 Aussie.

MOVERS
Friday’s movers on the bourse 28/05/10;
NBO: -1.30%

Thursday, May 27, 2010

POMSoX UPDATE

LOCAL STOCKS

Yesterday saw the market end on a steady note with BSP finishing steady at K0.66 and CPL registering trades at K2.95. NBO was the only mover finishing lower at K19.19 with a day’s high of K19.40. In overseas, IOC was down 2.11 percent to $47.24.

With mixed leads yesterday from overseas, bids for BSP in the pre-open phase are at a high K0.60, as sellers for OSH are lining up at K13.65. Kina versus aussie is buying 0.4389 and selling 0.3935 today.

MOVERS
Yesterday’s movers on the bourse 26/05/10;
NBO: -0.21%

Tuesday, May 25, 2010

POMSoX UPDATE

LOCAL STOCKS

Monday saw another quiet day on the local market with only a few trades going through for BSP at K0.66 likewise CPL closing at K2.95. The only mover on the day was HIG losing 1.33 percent to close at K0.74 while the others finished steady. In commodities, crude oil added 66 cents to close at $70.70 as the precious metal climbed 1.5 percent to $1194 per ounce.

The pre-open phase of the market has offers lined up at a low K0.66 for BSP while sellers are queued up at K0.74 for HIG. In currency news, Kina against aussie is buying and selling at 0.4335 and 0.3874 respectively.

MOVERS
Yesterday’s movers on the bourse 24/05/10;
HIG: -1.33%

Monday, May 24, 2010

POMSoX UPDATE

LOCAL STOCKS

Friday saw the market close relatively lower with very light volumes being traded for BSP and NBO; both stocks closed at K0.66 and K19.44 respectively. The KSi lost 7.61 points or 0.12% to close at 6,480.34. While on the NYSE, IOC closed at $46.90 reaching a high of $50.80 for the day.

The market today has a bid for CCP at K1.50 while sellers for OSH are lined up as low as K13.65. Kina this morning is buying 0.4337 and selling at 0.3876 aussie.

PNG NEWS

BSP Group announced a final dividend of 4 toea per share which will be paid on the 9th of July. This was announced at its annual meeting with shareholders on Friday.

MOVERS
Last Friday’s movers on the bourse 21/05/10;
NBO: -0.05%
OSH: -0.29%

Friday, May 21, 2010

POMSoX UPDATE

LOCAL STOCKS

Local market was again quiet throughout yesterday with light volumes changing hands, BSP remained steady at K0.66 and NBO advanced 2.36 percent to close at K19.45. OSH slid during the day finishing at K13.69, while on the ASX market it closed weaker at $5.25.

In overseas last night most of the indices ended sharply lower on worries that slow growth in Europe and a rising dollar could halt the global recovery. The local bourse may experience another quiet with offers for BSP and CCP available at K0.66 and K1.58 respectively.

PNG NEWS

BSP: BSP Group will hold its annual meeting today at the Crowne Plaza hotel, Port Moresby.

CGA: Airlines of PNG announced its signing of its air services deal with Essso Highlands Limited on PNG LNG project.

MOVERS
Yesterday’s movers on the bourse 20/05/10;
NBO: 2.36%
OSH: -0.79%

Wednesday, May 19, 2010

POMSoX UPDATE

LOCAL STOCKS

Tuesday, saw the market close relatively active with reasonable volumes changing hands for BSP at K0.67, while CCP fell 0.62 percent to K1.58; on the upside was HIG finishing stronger at K0.75, while others closed unchanged. KSi was down 209 points to end at the 6270 mark.

Pre-open phase of the market has offers for CPL at a low K0.66, while buyers are queued up for CCP at K1.50. Kina this morning, is buying 0.4274 and selling at 0.3820 aussie.

MOVERS
Monday’s movers on the bourse 18/05/10;
CCP:- 0.62%
HIG: 1.35%
OSH: -8.75%

Tuesday, May 18, 2010

POMSoX UPDATE

LOCAL STOCKS

The local market saw another calm day with LGL closing higher at K8.06, while offers remained at a low K10.30; as others closed unchanged. KSi was up 12 percent to finish the day at 6484 points. In overseas, NBPO on the London stock exchange ended weaker by 2 percent to GBP5.22 per share.

The market should open flat after the weaker offshore leads. The pre-open phase of the market has offers for BSP at K0.67. Today, Kina is buying 0.4218 and selling 0.3769 aussie.

MOVERS
Monday’s movers on the bourse 17/05/10;
LGL: 0.62%

Monday, May 17, 2010

POMSoX UPDATE

LOCAL STOCKS

Friday saw another quiet day with trades registering for BSP at 69 toea, losing 1.47 percent. Likewise did HIG falling 1.33 percent to end at 74 toea per share, while others closed unchanged. KSi closed marginally lower losing 0.10 percent to 6472 points.

Pre-open phase has offers for BSP at a low K0.67 as sellers for CPL are lined up at K2.95. In currency, kina is buying 0.4182 and selling 0.3737 aussie this morning.

MOVERS
Last Friday’s movers on the bourse 14/05/10;
BSP: -1.47%
HIG: -1.33%

Thursday, May 13, 2010

POMSoX UPDATE

LOCAL STOCKS

The bourse closed weaker with modest volumes changing hands for most stocks. CCP declined 0.62 percent to finish at K1.59, as MGO ended the day unchanged at K0.44. OSH also closed steady at K13.70. In overseas, IOC gained $1.63 to close at $61.18 equivalent to K164.51.

This morning in the opening phase of the market has sellers for NBO shares at K19.00 while OSH stands at K13.99. Trend looks flat this morning on the local market, tracking overseas markets who a steady finish. Kina this morning is buying, 0.4161 and selling 0.3791 aussie.

MOVERS
Wednesday’s movers on the bourse 12/05/10;
CCP: -0.62%

Wednesday, May 12, 2010

POMSoX UPDATE

LOCAL STOCKS

Trading on the bourse yesterday, was relatively active with almost all trading companies saw trades going through. BSP remained unchanged at K0.68 as MGO and NBO ended the day weaker at K0.44 and K19.50 respectively.

The pre-open phase of the market has offers for CPL at K2.95 while NBO shares are available at K19.00. Kina against is buying at 0.4205 and selling 0.3758 aussie.

MOVERS
Yesterday’s movers on the bourse yesterday 11/05/10.
LGL: 0.12%
MGO: -2.22%
NBO: -0.26%

Tuesday, May 11, 2010

POMSoX UPDATE

LOCAL STOCKS

The market remained flat yesterday with KSi closing unchanged at 6477 points; as BSP registered trades at K0.68, and CPL bidders ended at a high K2.90. Overseas, saw most of the indices ending in positive territory, after news that $1 trillion plan was released to contain Europe’s debt crisis.

This morning may see the market open stronger riding on positive sentiments offshore, with shares available for NBO at K19.50, while offers for LGL remain at a low K9.50. In currency news, Kina is buying 0.4122 and selling 0.3684 aussie.

MOVERS
Nil movers on the bourse yesterday 10/05/10.

Monday, May 10, 2010

POMSoX UPDATE

LOCAL STOCKS

KSi slid into negative territory on Friday closing at 6477 points, with offers for CCP closing at K1.59. Trades registered for LGL at K8.00 while NBO finished 2.30 percent lower.

This morning has sellers for BSP at a low K0.68 while bidders for NBO are as high as K19.00; kina is buying 0.4134 and selling at 0.3694 aussie this morning.

MOVERS
Friday’s movers on the bourse 7/05/10;
NBO: -2.30%
OSH: 0.07%

Friday, May 7, 2010

POMSoX UPDATE

LOCAL STOCKS

Market was again down yesterday by 9 points to end at 6483 points. BSP also lost 1.44 percent to register trades at K0.68, likewise HIG tracking the resource sector in Aussie to close lower at K0.75. NBO finished marginally flat at K19.50 while on the LSE it closed at GBP5.36.

In company news, IOC yesterday announced that it will release financial and operating results for the first quarter of 2010, after the market closes for trading on Wednesday May 12th, 2010.

This morning has buyers for CPL lined up as high as K2.90 for CPL, while sellers are queued up at K0.68, while Kina against aussie is buying 0.4199 and selling at 0.3752 today.

MOVERS
Wednesday’s movers on the bourse 05/05/10;
BSP: -1.44%
HIG: -6.25%
NBO: 0.25%

Thursday, May 6, 2010

POMSoX UPDATE

LOCAL STOCKS

Market was quiet yesterday, with small volumes changing hands, BSP again finished unchanged at K0.69, while LGL fell 1.23 percent with reasonable volumes. Overseas, IOC in US lost $1.42 to close at US$61.75 and NBPO on the LSE also ended the day weaker by GBP7 to GBP5.36.

Pre-open phase of the market has bids for MGO as high as K0.30 as offers for CPL are available at K2.95. Kina versus aussie is buying at 0.4128 and selling 0.3689 today.

Wednesday, May 5, 2010

POMSoX UPDATE

LOCAL STOCKS

The KSi was down yesterday losing 0.25 percent to close at 6525 points; HIG and NBO ended the day stronger finishing 6.66 and 2.09 percent respectively. While OSH gave up 30 toeas to conclude trading at K13.69, after reaching a high of K13.70 for the day. On the Aussie market, LGL closed $3.79 as OSH closed at $5.88.

The market received negative leads from overseas as most of the international indices ended lower. The offers for BSP remain at K0.69 and sellers are lined up at a low K19.45 for NBO. Kina against aussie today is buying 0.4118 and selling at 0.3680.

PNG NEWS

BSP: The largest banking network in South Pacific, BSP and IFC enter into talks for debt and equity investment.

CGA: Airlines of PNG announced Augustine Mano was appointed as an additional director, while Michael Koisen replaced Steve O’Brien as company secretary.

LGL: Lihir Gold Limited accepts the offer by Australia’s biggest gold miner Newcrest Mining to merge, an announcement was released yesterday reporting both companies entering into Merger implementation agreement.

MOVERS
Yesterday’s movers on the bourse 04/05/10;
HIG: 6.66%
LGL: 1.25%
NBO: 2.09%
OSH: -2.14%

Tuesday, May 4, 2010

POMSoX UPDATE

LOCAL STOCKS

The market finished relatively calm yesterday, but closed higher after OSH advanced 2.19 percent to K13.99 while NBO closed weaker losing 40 toeas to K19.05 reaching a day’s high of K19.45. In overseas, NGE and HIG finished unchanged after seeing reasonable volumes changing hands at 22 and 28 cents aussie.

The market this morning has offers for BSP available at K0.69, as buyers for HIG shares are queued up at K0.75. Kina this morning is buying 0.4038 and 0.3609 aussie. Kina Facility Rate (KFR) as reported by the Central Bank remains steady for the month of May at 7.00 percent.

MOVERS
Monday’s movers on the bourse 03/05/10:
NBO: -2.05%
OSH: 2.19%

Monday, May 3, 2010

POMSoX UPDATE

LOCAL STOCKS

The bourse experienced technical difficulties almost whole of last week, closing weaker on Friday by 23 points to end at 7911 points. The major movers on the day included CPL advancing 5.35 percent to K2.95, while HIG lost 6.25 percent registering trades at K0.75 as others closed unchanged.

In overseas, NBPO on the London Stock market (LSE) finished stronger adding GBP2.50 to close the day at GBP5.47, over reasonable volumes, as IOC closed at US$68.81 on the NYSE.

The pre-open phase of the market has offers for CPL available at K3.00 while bids for LGL are as high as K8.00. Kina this morning, is buying aussie at 0.4056 while selling at 0.3624.

MOVERS
Last Week Friday’s movers 30/04/10;
CPL: 5.35%
HIG: -6.25%