Tuesday, July 6, 2010

POMSoX UPDATE

LOCAL STOCKS

The local bourse was quiet yesterday with light volumes changing hands for BSP and CCP at K0.66 and K1.53 respectively, while others finished unchanged. KSi ended in positive territory yesterday up 12.59 points to 7,153.24.

The markets may open lower today, riding on weaker leads from overseas markets. Pre-open phase has bids for BSP lining up at K0.65, as OSH bidders are as high as K13.00. In currency news Kina is buying 0.4521 while selling at 0.4050 aussie.

PNG NEWS

BPNG: Bank of PNG released the KFR (Kina facility rate) for the month of July at 7.00percent.

MOVERS
Monday’s movers on the bourse 05/07/10;
CCP: 0.65%
MGO: 69.23%

Friday, July 2, 2010

POMSoX UPDATE

LOCAL STOCKS

The market was steady again with BSP registering reasonable volumes at K0.65, while CCP advanced 1.31 percent to close at K1.54; NBO finished unchanged at K19.00 whereas in LSE it ended on the upside gaining 0.50 percent to GBP4.92.

This morning has bids for BSP at a high K0.66, while NBO shares available at K19.00. The markets are expected be steady with mixed leads from overseas last night. Kina this morning is buying 0.4478 and selling 0.4011 aussie.

PNG NEWS

MOS: AGL Energy Ltd is seeking to buy out oil and gas explorer Mosaic Oil NL as part of a strategy to gain
control of the target's gas storage plant in central Queensland. The non-binding offer for Mosaic was for 15 cents per Mosaic share or 1.01 AGL shares per 100 Mosaic shares.

NGP: The Board of Directors of diversified PNG agri-business New Guinea Islands Produce Company Ltd (NGIP) announces the resignation Mr. Jack Diuvia and Mr. Garth McIlwain CBE as directors of the company and also accepted the resignation of the company’s Chief Executive Officer Geoff. Whebell, Chairman Don Manoa.

MOVERS
Wednesday’s movers on the local stock market 02/07/10;
CCP: 1.31%

Thursday, July 1, 2010

POMSoX UPDATE

LOCAL STOCKS

Wednesday saw the market finish steady with all the stocks finishing unchanged. BSP registered trades at K0.66 over reasonable volumes; while CPL closed at K2.95 and LGL witnessed trades at a low K10.30.

Pre-open phase of the market has buyers lined up at for BSP at K0.64 and CCP sellers are lined up at K1.53. Kina this morning is buying 0.4547 and selling 0.4073 aussie.

PNG NEWS

Nil Economic releases.

MOVERS
Wednesday’s movers on the local stock market 30/06/10;
Nil movers on the bourse.

Wednesday, June 30, 2010

POMSoX UPDATE

LOCAL STOCKS

KSi finished steady losing 2 points and maintaining its level at 7134 points; BSP was the only mover yesterday declining 2.38 percent to close at K0.66, as KAM and OSH ended the day unchanged at K1.08 and K13.45 respectively.

The market is set to open lower again on negative leads from overseas markets riding on a weaker consumer confidence data and worries about a global slowdown; bids are available for LGL as high as K8.60 while BSP sellers are lined up at k0.66. Kina this morning, is buying 0.4559 and selling 0.3994 aussie.

PNG NEWS

Nil Economic releases.

MOVERS
Yesterday’s movers on the bourse 29/06/10;
BSP: -2.98%

Monday, June 28, 2010

POMSoX UPDATE

LOCAL STOCKS

The market remained steady last Friday with modest volumes changing hands for BSP at K0.66; while CCP and NBO finished unchanged at K1.53 and K19.00 respectively. KSi closed fairly flat closing at 6519 points. The overseas markets tumbled as the Fed Reserve gave a cautious outlook on the economic recovery.

The markets are expected to open lower from negative leads but should end marginally flat. BSP has offers at K0.66, while CCP is trading at K1.53. In currency, kina versus aussie this morning fell from Friday’s range buying 0.4309 and selling at 0.3860 today.

PNG NEWS

News that Prime Minister has appointed Arthur Somare as the Acting treasurer taking in charge the vacancy after Mr. Pruaitch was suspended.

MOVERS
Last Friday’s movers on the bourse 25/06/10;
OSH: 0.07%

Friday, June 25, 2010

POMSoX UPDATE

LOCAL STOCKS

KSi lost 10 points to close at 6518 points yesterday, with OSH being the only mover finishing marginally weaker at K13.44; others ended unchanged with BSPHA registering 4 notes being traded at K25, 000.00. Overseas, the markets continued their losing streak, on worries about global economic outlook and a renewed focus on Euro sovereign debt.

The markets may open weaker this morning, on weaker leads from overseas. BSP has bids in the pre-open phase at a high K0.64, while reasonable volumes for NBO are available at K19.00. Kina this morning is buying 0.4342 and selling 0.3899 aussie.

PNG NEWS

IBPC: Independent Public Business Corporation has been given the approval to sell five percent stake in its BSP Limited holding.

MOVERS
Thursday’s movers on the bourse 24/06/10;
OSH: -0.44%

Thursday, June 24, 2010

POMSoX UPDATE

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%