LOCAL STOCKS
Wednesday saw the KSi rose by 101.72 points or 2.16% to 4,810.50; gainers included NBO and MGO ending the day at K15.00 and K0.20 respectively. BSP also registered small volumes finishing unchanged. While in overseas NBO gained 32 pence to finish on the LSE at GBP3.63 reaching a high GBP3.65.
The market has remained relatively active for the past few weeks, and is expected to continue, with more market releases from the listed companies. Buyers for NBO are lined up at K12.70 and offers for LGL are available at K6.75 for today.
PNG NEWS
COY: CopperMoly Limited relased an investor update regarding its trenching and drilling programme at the Nakru and Simuku; through exploration efforts and recent assay results, the values of these assets have been significantly improved.
HIG: Highlands Pacific Limited reported the receipt of US$3 million for the transfer of EL1277 from the PNG Deparetment of Mines.
MOVERS
Wednesday’s movers on the local bourse 15/04/09:
MGO: 17.64%
NBO: 24.89%
OSH: 3.51%
Thursday, April 16, 2009
Tuesday, April 14, 2009
POMSoX UPDATE
LOCAL STOCKS
On Thursday the local market closed relatively quiet with light volumes changing hands; BSP fell 1.23 percent to K0.80 likewise OSH loosing 34 toeas to close off at K9.66. On the upside was IOC on the NYSE ending the week at US$31.25 with a day’s high of US$31.40.
The market today is expected to see a slow start to the week with bids for MGO at K0.17 while sellers are willing to sell off at K0.23; and OSH has offers as low as K11.55 for today.
MOVERS
Movers last week Thursday 9/04/09:
BSP: -1.23%
CCP: 0.45%
KAM: 0.87%
OSH: -3.40%
On Thursday the local market closed relatively quiet with light volumes changing hands; BSP fell 1.23 percent to K0.80 likewise OSH loosing 34 toeas to close off at K9.66. On the upside was IOC on the NYSE ending the week at US$31.25 with a day’s high of US$31.40.
The market today is expected to see a slow start to the week with bids for MGO at K0.17 while sellers are willing to sell off at K0.23; and OSH has offers as low as K11.55 for today.
MOVERS
Movers last week Thursday 9/04/09:
BSP: -1.23%
CCP: 0.45%
KAM: 0.87%
OSH: -3.40%
Thursday, April 9, 2009
POMSoX UPDATE
LOCAL STOCKS
Nothing much happened yesterday with KSi losing 11.26 points or 0.23% yesterday, closing at 0.23% lower. BSP finishing 1.21 percent weaker to end at K0.81. MGO and OSH closed unchanged with modest volumes changing hands as IOC last night on NYSE finished with reasonable volumes at US$29.87.
The market will operate as normal today with bids for LGL are at K5.75 and OSH buyers bidding at K9.65.
PNG NEWS
OSH: Oil Search Limited announced its annual meeting which is scheduled at 12th May 2009 at Crowne Plaza, Port Moresby; the meeting will start at 11:00am.
MOVERS
Wednesday’s Movers on the local bourse 08/04/09:
BSP: -1.21%
Nothing much happened yesterday with KSi losing 11.26 points or 0.23% yesterday, closing at 0.23% lower. BSP finishing 1.21 percent weaker to end at K0.81. MGO and OSH closed unchanged with modest volumes changing hands as IOC last night on NYSE finished with reasonable volumes at US$29.87.
The market will operate as normal today with bids for LGL are at K5.75 and OSH buyers bidding at K9.65.
PNG NEWS
OSH: Oil Search Limited announced its annual meeting which is scheduled at 12th May 2009 at Crowne Plaza, Port Moresby; the meeting will start at 11:00am.
MOVERS
Wednesday’s Movers on the local bourse 08/04/09:
BSP: -1.21%
Wednesday, April 8, 2009
POMSoX UPDATE
LOCAL STOCKS
The local bourse finished relatively calm, resulting in the KSi ending up 3.96 points or 0.99% to 4,769.96. Diversified financial CCP lost 16 toeas to end at K2.19 likewise CGA closing weaker at K0.78 while BSP advanced 2.50 percent to conclude the day at K0.82.
Overseas, IOC fell 7 percent to US$28.93 with a day’s high of US$31.96, as NBO finished at GBP3.10 on the London Stock Exchange.
The pre-open phase of the market today has bids for HIG and NBO at K0.14 and respectively.
MOVERS
Yesterday’s movers on the local bourse 07/04/09:
BSP: 2.50%
CCP: -6.83%
CGA: -8.33%
KAM: -0.86%
NBO: 19.98%
The local bourse finished relatively calm, resulting in the KSi ending up 3.96 points or 0.99% to 4,769.96. Diversified financial CCP lost 16 toeas to end at K2.19 likewise CGA closing weaker at K0.78 while BSP advanced 2.50 percent to conclude the day at K0.82.
Overseas, IOC fell 7 percent to US$28.93 with a day’s high of US$31.96, as NBO finished at GBP3.10 on the London Stock Exchange.
The pre-open phase of the market today has bids for HIG and NBO at K0.14 and respectively.
MOVERS
Yesterday’s movers on the local bourse 07/04/09:
BSP: 2.50%
CCP: -6.83%
CGA: -8.33%
KAM: -0.86%
NBO: 19.98%
Monday, April 6, 2009
POMSoX UPDATE
LOCAL STOCKS
The market last week Friday closed relatively quiet with KSi closing higher at 4,695.07 up by 23.51 points or 0.5%; BSP had bids finishing the week at K0.81, CPL and OSH ended with small changes, while the others closed unchanged. IOC concluded the week at US$28.93 with reasonable volumes.
The pre open phase has offers for CCP at K2.20 and while bids are at K9.61 for OSH.
MOVERS
Movers last Friday 03/04/09:
CPL: -0.80%
LGL: 0.87%
OSH: 0.72%
The market last week Friday closed relatively quiet with KSi closing higher at 4,695.07 up by 23.51 points or 0.5%; BSP had bids finishing the week at K0.81, CPL and OSH ended with small changes, while the others closed unchanged. IOC concluded the week at US$28.93 with reasonable volumes.
The pre open phase has offers for CCP at K2.20 and while bids are at K9.61 for OSH.
MOVERS
Movers last Friday 03/04/09:
CPL: -0.80%
LGL: 0.87%
OSH: 0.72%
Thursday, April 2, 2009
POMSoX UPDATE
LOCAL STOCKS
The opening day of the month, saw the local market with light volumes changing hand with the KSi starting the month lower by 9.76 points or 0.20% at 4,732.30. BSP opened the day lower K0.80 while OSH advanced a percent to close at K9.60. Overseas last night had IOC finished weaker at US$27.00 with a high of US$28.59.
The pre-open phase of the market today has bids for OSH still at K9.52 and offers for NBO as low as K18.00; the market is expected close steady today.
MOVERS
Wednesday’s movers on the local bourse 01/04/09:
BSP: -2.40%
OSH: 0.94%
The opening day of the month, saw the local market with light volumes changing hand with the KSi starting the month lower by 9.76 points or 0.20% at 4,732.30. BSP opened the day lower K0.80 while OSH advanced a percent to close at K9.60. Overseas last night had IOC finished weaker at US$27.00 with a high of US$28.59.
The pre-open phase of the market today has bids for OSH still at K9.52 and offers for NBO as low as K18.00; the market is expected close steady today.
MOVERS
Wednesday’s movers on the local bourse 01/04/09:
BSP: -2.40%
OSH: 0.94%
Wednesday, April 1, 2009
POMSoX UPDATE
LOCAL STOCKS
Tuesday saw the KSi closed the month 284.66 points or 3.77% lower at 4,742.06, with BSP closing 4 percent stronger at K0.83, while CPL ended steady at K2.50 and OSH declined K2.00 to K9.51; dual listed NBPO in London concluded last night at GBP2.95 as IOC in US registered trades at US$28.00.
Today in the pre open phase of the market has offers for CGA at K0.79 and bidders for NBO as high as K10.36.
MOVERS
Yesterday’s mover on the local bourse 31/03/09;
BSP: 3.75%
OSH: -17.66%
Tuesday saw the KSi closed the month 284.66 points or 3.77% lower at 4,742.06, with BSP closing 4 percent stronger at K0.83, while CPL ended steady at K2.50 and OSH declined K2.00 to K9.51; dual listed NBPO in London concluded last night at GBP2.95 as IOC in US registered trades at US$28.00.
Today in the pre open phase of the market has offers for CGA at K0.79 and bidders for NBO as high as K10.36.
MOVERS
Yesterday’s mover on the local bourse 31/03/09;
BSP: 3.75%
OSH: -17.66%
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