Thursday, July 16, 2009

POMSoX UPDATE

LOCAL STOCK

Moderate volumes changed hands as the international indices closed stronger on the back of positive financial and technology stock news. On the local front, KSi ended trading otherwise as NBO and OSH fell 2.69 and 2.63 percent respectively.

The market today should start the day flat despite positive leads from the international arena but momentum is predicted to rise as investor confidence starts to emerge in the markets. BSP offers are low as K0.85 in the pre open phase while sellers for LGL are at K6.50.