LOCAL STOCKS
Wednesday witnessed KSi add 24 points to close at 6528 points. Reasonable volumes changed hands for BSP and KAM at K0.66 and K1.08 respectively; LGL advanced 1.21 percent to K8.35 as NBO closed unchanged. Resources were all lower with gold ending at $1238 per ounce.
The pre-open phase of the market has bids for BSP at K0.64 and offers for CCP are at a low K1.53. Kina is buying 0.4271 and selling aussie at 0.3826.
PNG NEWS
MSTG: Metal Storms Limited announced that the Company will issue 25,510,203 shares to the investors at a purchase price of 0.98 cents per share.
MOVERS
Yesterday’s movers on the bourse 23/06/10:
HIG: -10.95%
KAM: -4.42%
LGL: 1.21%
Thursday, June 24, 2010
Wednesday, June 23, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse yesterday saw trades registering for CCP at K1.52, while MGO witnessed crossings at K0.44; NBO again slid 1.04 percent to K19.00 as OSH gained some territory to end the day at K13.50. KSi slipped 3 points concluding the day to close at 6503 points.
The markets this morning will head off into a weaker start with negative leads from offshore markets riding on the back weaker housing data and declining energy shares. BSP has bids available at K0.65 while sellers for CCP shares are lined up at a low K1.53. In currency news, our kina is buying 0.4267 and selling 0.3822 aussie.
PNG NEWS
Annual meetings will be held for CCP and NGIP this week Friday.
MOVERS
Tuesday’s movers on the bourse 22/06/10:
NBO: -1.04%
NGP: 0.71%
OSH: 0.37%
The bourse yesterday saw trades registering for CCP at K1.52, while MGO witnessed crossings at K0.44; NBO again slid 1.04 percent to K19.00 as OSH gained some territory to end the day at K13.50. KSi slipped 3 points concluding the day to close at 6503 points.
The markets this morning will head off into a weaker start with negative leads from offshore markets riding on the back weaker housing data and declining energy shares. BSP has bids available at K0.65 while sellers for CCP shares are lined up at a low K1.53. In currency news, our kina is buying 0.4267 and selling 0.3822 aussie.
PNG NEWS
Annual meetings will be held for CCP and NGIP this week Friday.
MOVERS
Tuesday’s movers on the bourse 22/06/10:
NBO: -1.04%
NGP: 0.71%
OSH: 0.37%
Thursday, June 17, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi added 6 points to 7142 points yesterday with BSP advancing adding 1.53 percent to close at K0.66; while others finished unchanged. In overseas, the markets ended on a flat note with guidance from euro which came under pressure with yield spreads widening on Portugal’s and Spain’s debt.
In commodities, it was another quiet night with most of the base metals finishing relatively calm. The precious metal lost $3.90 to $1230.50 per ounce as oil closed at $77.67 per barrel.
This morning we expect the markets to open weaker with offers for CPL as low as K2.95, and offers for NBO at K19.00 but it should finish strongly. Kina this morning is steady buying 0.4250 and selling at 0.3816 aussie.
PNG NEWS
No major economic releases.
MOVERS
Yesterday’s movers on the bourse 16/06/10:
BSP: 1.53%
KSi added 6 points to 7142 points yesterday with BSP advancing adding 1.53 percent to close at K0.66; while others finished unchanged. In overseas, the markets ended on a flat note with guidance from euro which came under pressure with yield spreads widening on Portugal’s and Spain’s debt.
In commodities, it was another quiet night with most of the base metals finishing relatively calm. The precious metal lost $3.90 to $1230.50 per ounce as oil closed at $77.67 per barrel.
This morning we expect the markets to open weaker with offers for CPL as low as K2.95, and offers for NBO at K19.00 but it should finish strongly. Kina this morning is steady buying 0.4250 and selling at 0.3816 aussie.
PNG NEWS
No major economic releases.
MOVERS
Yesterday’s movers on the bourse 16/06/10:
BSP: 1.53%
Tuesday, June 8, 2010
POMSoX UPDATE
LOCAL STOCKS
Local bourse closed quite active yesterday with reasonable volumes changing hands for BSP at K0.65, NBO lost 2.26 percent to end the day at K19.00 likewise OSH finishing marginally weaker at K13.45. KSi closed at 6431 points losing 28 points.
Overseas markets saw yet another day of negativity with US consumer credit and European concerns kept the market volatile. In commodities, gold posted $23.10 to close at $1240.80 per ounce as crude oil concluded at $71.44 per barrel.
Local market has offers available for CPL at K2.95, while NBO and OSH has sellers at a low K19.00 and K13.55 respectively. In Currency news, kina improved by 0.8 percent edging over the 0.4000 cents mark yesterday, this morning it is buying 0.4628 and selling at 0.4157 aussie.
MOVERS
Yesterday's movers on the bourse 7/06/10;
LGL: -0.12%
NBO: -2.26%
OSH: -0.73%
Local bourse closed quite active yesterday with reasonable volumes changing hands for BSP at K0.65, NBO lost 2.26 percent to end the day at K19.00 likewise OSH finishing marginally weaker at K13.45. KSi closed at 6431 points losing 28 points.
Overseas markets saw yet another day of negativity with US consumer credit and European concerns kept the market volatile. In commodities, gold posted $23.10 to close at $1240.80 per ounce as crude oil concluded at $71.44 per barrel.
Local market has offers available for CPL at K2.95, while NBO and OSH has sellers at a low K19.00 and K13.55 respectively. In Currency news, kina improved by 0.8 percent edging over the 0.4000 cents mark yesterday, this morning it is buying 0.4628 and selling at 0.4157 aussie.
MOVERS
Yesterday's movers on the bourse 7/06/10;
LGL: -0.12%
NBO: -2.26%
OSH: -0.73%
Monday, June 7, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi on Friday advanced 1.30 percent to close at 6460 points with LGL and OSH closing at K8.12 and K13.55 respectively. While others finished unchanged. Overseas, IOC ended last night at $47.64 registering a high of $50.37 for the day.
This morning has bids for BSP at K0.60, while sellers are lined up for CPL at K2.95. Kina against aussie is buying 0.4513 and selling 0.4059 today.
MOVERS
Friday’s movers on the bourse 4/06/10;
LGL: 0.12%
OSH: 4.15%
KSi on Friday advanced 1.30 percent to close at 6460 points with LGL and OSH closing at K8.12 and K13.55 respectively. While others finished unchanged. Overseas, IOC ended last night at $47.64 registering a high of $50.37 for the day.
This morning has bids for BSP at K0.60, while sellers are lined up for CPL at K2.95. Kina against aussie is buying 0.4513 and selling 0.4059 today.
MOVERS
Friday’s movers on the bourse 4/06/10;
LGL: 0.12%
OSH: 4.15%
Friday, June 4, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi closed the day unchanged with BSP registering trades at K0.65 while CPL finished the day at K2.95. NBO gained some territory to end the day at K19.44, with its offers closing at K19.40. In resources last night, metal prices eased over light volumes, with gold losing 1.03 percent to close at $1210 per ounce and oil ended higher at $74.61 per barrel.
The local market this morning has offers for CCP at a low K1.54, and OSH sellers are queued up at K13.55. Kina this morning is buying 0.4403 and selling 0.3960 aussie.
PNG NEWS
No major economic news.
MOVERS
Yesterday’s movers on the bourse 03/06/10 :
MGO: -16.66%
NBO: 2.31%
OSH: -0.68%
KSi closed the day unchanged with BSP registering trades at K0.65 while CPL finished the day at K2.95. NBO gained some territory to end the day at K19.44, with its offers closing at K19.40. In resources last night, metal prices eased over light volumes, with gold losing 1.03 percent to close at $1210 per ounce and oil ended higher at $74.61 per barrel.
The local market this morning has offers for CCP at a low K1.54, and OSH sellers are queued up at K13.55. Kina this morning is buying 0.4403 and selling 0.3960 aussie.
PNG NEWS
No major economic news.
MOVERS
Yesterday’s movers on the bourse 03/06/10 :
MGO: -16.66%
NBO: 2.31%
OSH: -0.68%
Tuesday, June 1, 2010
POMSoX UPDATE
LOCAL STOCKS
Monday saw a relatively calm opening for the week with BSP finishing steady at K0.65with bids as high as K0.60, as CCP edged higher to close at K1.58 on light volumes. While OSH lost 65 toeas to end at K13.00. KSi dropped 1.77 percent to 6360 points.
Market today has bids for CPL buying at K2.90 and offers for NBO are at a low K19.44. Kina this morning is buying 0.4329 and selling at 0.3865 aussie.
PNG NEWS
LGL: Lihir Gold Limited released an update on its mineral reserves and resources at its Bonikro operation in
Côte d’Ivoire.
OSH: Oil Search Limited reported that Tim Warren who is a non-executive director with the company resigned yesterday.
MOVERS
Yesterday’s movers on the bourse 31/05/10;
CCP: 2.59%
NGP: -0.71%
OSH: -4.76%
Monday saw a relatively calm opening for the week with BSP finishing steady at K0.65with bids as high as K0.60, as CCP edged higher to close at K1.58 on light volumes. While OSH lost 65 toeas to end at K13.00. KSi dropped 1.77 percent to 6360 points.
Market today has bids for CPL buying at K2.90 and offers for NBO are at a low K19.44. Kina this morning is buying 0.4329 and selling at 0.3865 aussie.
PNG NEWS
LGL: Lihir Gold Limited released an update on its mineral reserves and resources at its Bonikro operation in
Côte d’Ivoire.
OSH: Oil Search Limited reported that Tim Warren who is a non-executive director with the company resigned yesterday.
MOVERS
Yesterday’s movers on the bourse 31/05/10;
CCP: 2.59%
NGP: -0.71%
OSH: -4.76%
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