LOCAL STOCKS
The KSi shed 20.12 points (0.39%) to close at 5,046.41 yesterday as the bourse ended with BSP falling 1.25 percent likewise NBO closing weaker at K17.01. Bids for LGL closed at K6.80 on the local bourse. IOC slid 23 cents to close the day at US$34.72 with reasonable volumes.
The market is expected to open flat with buyers already lined up for CPL at K2.40 in the pre-open phase of the market today.
MOVERS
Thursday’s movers on the bourse 14/05/09:
BSP: -1.26%
CCP: -0.48%
CGA: -5.55%
CPL: -0.40%%
NBO: -2.80%
OSH: 0.09%
Friday, May 15, 2009
Thursday, May 14, 2009
POMSoX UPDATE
LOCAL STOCKS
The market continued its upward trend yesterday with KSi closing higher by 25.39 points (0.5%) to 5,066.53. BSP advanced by 1.26 percent likewise NBO surged 5 percent while on the LSE it dropped to GBP3.60. MGO and MSC finished unchanged at K0.27 and 6 toea respectively.
Today has bids for HIG as high as 20 toeas as OSH buyers are lined up at K11.01 in the opening phase of the market.
PNG NEWS
STO: Santos a major partner in the development of LNG project in PNG raised $1.75 billion yesterday.
MOVERS
Movers on the market yesterday 13/05/09;
BSP: 1.26%
NBO: 5.10%
The market continued its upward trend yesterday with KSi closing higher by 25.39 points (0.5%) to 5,066.53. BSP advanced by 1.26 percent likewise NBO surged 5 percent while on the LSE it dropped to GBP3.60. MGO and MSC finished unchanged at K0.27 and 6 toea respectively.
Today has bids for HIG as high as 20 toeas as OSH buyers are lined up at K11.01 in the opening phase of the market.
PNG NEWS
STO: Santos a major partner in the development of LNG project in PNG raised $1.75 billion yesterday.
MOVERS
Movers on the market yesterday 13/05/09;
BSP: 1.26%
NBO: 5.10%
Tuesday, May 12, 2009
POMSoX UPDATE
LOCAL STOCKS
Yesterday saw the local bourse finished relatively calm with light volumes changing hands. BSP opened higher earlier in the day but closed weaker at K0.79 while MGO advanced 3.84 percent to end at K0.27. NBPO on LSE fell 3.55 percent to GBP3.80 as IOC climbed nearly 5 percent o conclude day’s trading at US$36.53.
Today the market should open a bit lower with bids for BSP and KAM at K0.79 and K1.00 respectively. While sellers are lined up at K11.50 for OSH.
PNG NEWS
Commodity and metal prices yesterday closed weaker with Oil loosing 1.3 percent pressured by weaker equity markets and a stronger US dollar.
STO: Energy company Santos will raise as much as $3 billion in a share offering, as it pays down debt and raises funds for a key gas project.
MOVERS
Yesterday’s movers on the local bourse 11/05/09:
BSP: -1.25%
MGO: 3.84%
NBO: 0.36%
OSH: 1.47%
Yesterday saw the local bourse finished relatively calm with light volumes changing hands. BSP opened higher earlier in the day but closed weaker at K0.79 while MGO advanced 3.84 percent to end at K0.27. NBPO on LSE fell 3.55 percent to GBP3.80 as IOC climbed nearly 5 percent o conclude day’s trading at US$36.53.
Today the market should open a bit lower with bids for BSP and KAM at K0.79 and K1.00 respectively. While sellers are lined up at K11.50 for OSH.
PNG NEWS
Commodity and metal prices yesterday closed weaker with Oil loosing 1.3 percent pressured by weaker equity markets and a stronger US dollar.
STO: Energy company Santos will raise as much as $3 billion in a share offering, as it pays down debt and raises funds for a key gas project.
MOVERS
Yesterday’s movers on the local bourse 11/05/09:
BSP: -1.25%
MGO: 3.84%
NBO: 0.36%
OSH: 1.47%
Wednesday, April 29, 2009
POMSoX UPDATE
LOCAL STOCKS
The KSi traded higher on Tuesday, closing 7.12 points or 0.14 percent at 4,960.31. Gainers for the day included BSP, CGA and NBO with 1.26, 9.09 and 13.84 percent respectively. While on the downside was OSH loosing 26 toeas to end at K10.50. NBO last night lost 25pence to close at GBp3.79 (K16.85).
Pre open phase of the market today has offers for LGL as low as K6.50 while buyers for NBO are queued at K16.51.
PNG NEWS
SST: Steamships Trading Company reported to the market that its annual meeting is scheduled for the 19th May 2009; the venue will be at the registered office in Port Moresby.
CUE: CUE Energy released to the market its Q1 results for the year highlighting a revenue for the quarter was A$5.8 million.
MOVERS
Yesterday’s movers on the local bourse 28/04/09:
BSP: 1.26%
CGA: 9.09%
CPL: -0.40%
LGL: 0.16%
NBO: 13.86%
OSH: -2.41%
The KSi traded higher on Tuesday, closing 7.12 points or 0.14 percent at 4,960.31. Gainers for the day included BSP, CGA and NBO with 1.26, 9.09 and 13.84 percent respectively. While on the downside was OSH loosing 26 toeas to end at K10.50. NBO last night lost 25pence to close at GBp3.79 (K16.85).
Pre open phase of the market today has offers for LGL as low as K6.50 while buyers for NBO are queued at K16.51.
PNG NEWS
SST: Steamships Trading Company reported to the market that its annual meeting is scheduled for the 19th May 2009; the venue will be at the registered office in Port Moresby.
CUE: CUE Energy released to the market its Q1 results for the year highlighting a revenue for the quarter was A$5.8 million.
MOVERS
Yesterday’s movers on the local bourse 28/04/09:
BSP: 1.26%
CGA: 9.09%
CPL: -0.40%
LGL: 0.16%
NBO: 13.86%
OSH: -2.41%
Tuesday, April 28, 2009
POMSoX UPDATE
LOCAL STOCKS
The local market yesterday opened the week lower with the KSi ending 1.57 points down to 4,953.19. BSP and NBO finished unchanged registering trades at K0.79 and K14.50 respectively, as OSH slid 0.09 percent. IOC lost 5.73 percent to close at US$28.94 with a day’s high of US$30.70.
In the pre open phase of the market today has offers for NBO at K20.00 while LGL sellers are lined up at K7.00.
PNG NEWS
BSP: Bank South Pacific Limited announced the yesterday the resignation of Vai Reva and the appointment of Kostas Constatinou as a Director of BSP.
MOVERS
Monday’s movers on the local market 27/04/09:
OSH: -0.09%
The local market yesterday opened the week lower with the KSi ending 1.57 points down to 4,953.19. BSP and NBO finished unchanged registering trades at K0.79 and K14.50 respectively, as OSH slid 0.09 percent. IOC lost 5.73 percent to close at US$28.94 with a day’s high of US$30.70.
In the pre open phase of the market today has offers for NBO at K20.00 while LGL sellers are lined up at K7.00.
PNG NEWS
BSP: Bank South Pacific Limited announced the yesterday the resignation of Vai Reva and the appointment of Kostas Constatinou as a Director of BSP.
MOVERS
Monday’s movers on the local market 27/04/09:
OSH: -0.09%
Monday, April 27, 2009
POMSoX UPDATE
MONDAY 27th APRIL 2009
LOCAL STOCKS
Last Friday the market closed relatively calm, with the KSi declining by 0.24% to 4,954.76 points; BSP lost 1.25 percent to end at K0.79 as others LGL and MGO finished unchanged at K6.00 and K0.27 respectively. NBO on the LSE ended at GBP3.95 which is K17.55 equivalently while IOC finished at US$30.93 on the NYSE.
The local market today is expected to open slightly lower with bids for NBO are as high as K15.00 and OSH at K10.77.
PNG NEWS
In economic news, BPNG reported that inflationary pressures can be eased if the local businesses could pass on lower costs of import costs to consumers. The KFR or Kina Facility Rate is maintained at 8.0 percent for the first four months in to the year.
MGO: Marengo Mining released to the media that they discovered new copper deposits at the Yandera project in Madang Province.
MOVERS
Last Friday’s movers on the local market 24/04/09;
BSP: -1.25%
LOCAL STOCKS
Last Friday the market closed relatively calm, with the KSi declining by 0.24% to 4,954.76 points; BSP lost 1.25 percent to end at K0.79 as others LGL and MGO finished unchanged at K6.00 and K0.27 respectively. NBO on the LSE ended at GBP3.95 which is K17.55 equivalently while IOC finished at US$30.93 on the NYSE.
The local market today is expected to open slightly lower with bids for NBO are as high as K15.00 and OSH at K10.77.
PNG NEWS
In economic news, BPNG reported that inflationary pressures can be eased if the local businesses could pass on lower costs of import costs to consumers. The KFR or Kina Facility Rate is maintained at 8.0 percent for the first four months in to the year.
MGO: Marengo Mining released to the media that they discovered new copper deposits at the Yandera project in Madang Province.
MOVERS
Last Friday’s movers on the local market 24/04/09;
BSP: -1.25%
Monday, April 20, 2009
POMSoX UPDATE
LOCAL STOCKS
Last week Friday saw the KSi ended the week lower at 4,790.89, down by 0.12 points; with movers being MGO finishing 15 percent up and NGE closing the week on the downside losing nearly 6 percent to 17 toeas. In US saw IOC climb 0.46 percent to end at US$32.55 while NBO finished the week at GBP3.62.
Today has offers for LGL as low as K6.75 and bids for NBO are at K13.00.
MOVERS
Last Friday’s movers on the local bourse 17/04/09;
CCP: -0.92%
MGO: 15.00%
NGE: -5.88%
Last week Friday saw the KSi ended the week lower at 4,790.89, down by 0.12 points; with movers being MGO finishing 15 percent up and NGE closing the week on the downside losing nearly 6 percent to 17 toeas. In US saw IOC climb 0.46 percent to end at US$32.55 while NBO finished the week at GBP3.62.
Today has offers for LGL as low as K6.75 and bids for NBO are at K13.00.
MOVERS
Last Friday’s movers on the local bourse 17/04/09;
CCP: -0.92%
MGO: 15.00%
NGE: -5.88%
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