LOCAL STOCKS
Most of the trading companies closed unchanged yesterday while OSH gained 3.33 percent to end at K12.40; Offers for LGL closed the day at K7.00 as NBO buyers lined up at K18.00. Overseas last night saw IOC lost nearly 5 percent to US$34.26 as NBPO added 8 pence to finish the day at GBP4.02.
The market today is expected to open weaker as most of the indices closed in the red. Opening phase of trading today has CCP shares on offer as low as K1.95.
PNG NEWS
LNG: Oil Search and Santos have agreed to spend US$600 million in PNG’s liquefied Natural gas project. They will spend the fund on initial work including infrastructure upgrades.
MOVERS
Monday’s movers on the exchange 15/06/09:
BSP: -1.31%
MSC: -33.33%
OSH: 3.33%
Tuesday, June 16, 2009
Monday, June 15, 2009
POMSoX UPDATE
LOCAL STOCKS
The local bourse on the Friday closed lower losing 2 points to end at 5,239. BSP lost 1.29 percent to close at K0.76 as CGA climbed 10 toeas to K0.77 likewise NBO adding 43 toeas to finish the week at K18.00. IOC lost 43 cents to end at US$35.92 reaching a high of US$36.61.
Opening phase of the market today has seen BSP opening the day lower at K0.75 while OSH has buyers lined up at K12.40.
MOVERS
Last Friday’s movers on the local bourse 12/06/09:
BSP: -1.29%
CGA: 14.92%
NBO: 2.44%
The local bourse on the Friday closed lower losing 2 points to end at 5,239. BSP lost 1.29 percent to close at K0.76 as CGA climbed 10 toeas to K0.77 likewise NBO adding 43 toeas to finish the week at K18.00. IOC lost 43 cents to end at US$35.92 reaching a high of US$36.61.
Opening phase of the market today has seen BSP opening the day lower at K0.75 while OSH has buyers lined up at K12.40.
MOVERS
Last Friday’s movers on the local bourse 12/06/09:
BSP: -1.29%
CGA: 14.92%
NBO: 2.44%
Friday, June 12, 2009
POMSoX UPDATE
LOCAL STOCKS
The bourse closed relatively active yesterday with modest volumes changing hands. KSi added 130.90 points or 2.56 percent to 5,241.66. BSP lost 1.28 percent to close at K0.77 while CGA and OSH soared 6 and 8 percent respectively. In overseas last night saw IOC ended stronger at US$36.35 as NBPO lost 2 pence to conclude the day at GBP3.97.
In the opening phase of trading today has bids for BSP lined up at K0.70 with bids are as high as K0.26 for MGO.
PNG NEWS
HIG: Highlands Pacific Limited reported yesterday the construction of the US$1.37billion Ramu nickel-cobalt project in PNG is on time and budget with commissioning later this year.
IOC: Inter Oil Corporation completed its capital raising of US$70.44 million through share common stock offering in US.
Resources has pushed up the market into green territory with Gold, copper and Oil posting gains on the back of a weaker US dollar.
MOVERS
Yesterday’s movers on the local bourse 11/06/09:
BSP: -1.28%
CGA: 6.34%
MGO: -3.70%
NBO: 0.22%
OSH: 8.10%
The bourse closed relatively active yesterday with modest volumes changing hands. KSi added 130.90 points or 2.56 percent to 5,241.66. BSP lost 1.28 percent to close at K0.77 while CGA and OSH soared 6 and 8 percent respectively. In overseas last night saw IOC ended stronger at US$36.35 as NBPO lost 2 pence to conclude the day at GBP3.97.
In the opening phase of trading today has bids for BSP lined up at K0.70 with bids are as high as K0.26 for MGO.
PNG NEWS
HIG: Highlands Pacific Limited reported yesterday the construction of the US$1.37billion Ramu nickel-cobalt project in PNG is on time and budget with commissioning later this year.
IOC: Inter Oil Corporation completed its capital raising of US$70.44 million through share common stock offering in US.
Resources has pushed up the market into green territory with Gold, copper and Oil posting gains on the back of a weaker US dollar.
MOVERS
Yesterday’s movers on the local bourse 11/06/09:
BSP: -1.28%
CGA: 6.34%
MGO: -3.70%
NBO: 0.22%
OSH: 8.10%
Thursday, June 11, 2009
POMSoX UPDATE
LOCAL STOCKS
Wednesday saw the local index added 47.90 points (0.94 percent) to 5,110.76 on the back of BSP posting a gain of 5.40 percent to close at K0.78 reaching a low of K0.74; while CPL slid nearly 3 percent registering last at K2.40. In US saw IOC fell 12 cents to US$35.97 while NBPO finished up GBP3.99.
Outlook for the remainder of June looks steady with commodity prices and consumer confidence improving. Today on the market has offers for NBO as low as K22.00 while bids for OSH are at K11.10.
MOVERS
Yesterday’s movers on the local bourse 10/06/09:
BSP: 5.40%
CPL: -2.83%
NBO: 0.05%
Wednesday saw the local index added 47.90 points (0.94 percent) to 5,110.76 on the back of BSP posting a gain of 5.40 percent to close at K0.78 reaching a low of K0.74; while CPL slid nearly 3 percent registering last at K2.40. In US saw IOC fell 12 cents to US$35.97 while NBPO finished up GBP3.99.
Outlook for the remainder of June looks steady with commodity prices and consumer confidence improving. Today on the market has offers for NBO as low as K22.00 while bids for OSH are at K11.10.
MOVERS
Yesterday’s movers on the local bourse 10/06/09:
BSP: 5.40%
CPL: -2.83%
NBO: 0.05%
Tuesday, June 9, 2009
POMSoX UPDATE
LOCAL STOCKS
On Friday saw the local index climbed 9.44 points or 0.18 percent to 5,088.72, due to CCP and LGL posting 0.50 and 1.61 percent gains respectively. OSH slid -0.09 percent to close at K11.00 while in overseas had NBO and IOC closing weaker.
The market is excepted to open lower today with negative leads from the international markets. The pre –open phase of the market has sellers for CPL lined up at K2.46 and offers for LGL are as low as K7.00.
MOVERS
Last Friday’s movers on the exchange 05/06/09:
BSP: -1.26%
CCP: -0.50%
LGL: 1.61%
OSH: -0.09%
On Friday saw the local index climbed 9.44 points or 0.18 percent to 5,088.72, due to CCP and LGL posting 0.50 and 1.61 percent gains respectively. OSH slid -0.09 percent to close at K11.00 while in overseas had NBO and IOC closing weaker.
The market is excepted to open lower today with negative leads from the international markets. The pre –open phase of the market has sellers for CPL lined up at K2.46 and offers for LGL are as low as K7.00.
MOVERS
Last Friday’s movers on the exchange 05/06/09:
BSP: -1.26%
CCP: -0.50%
LGL: 1.61%
OSH: -0.09%
Friday, June 5, 2009
POMSoX UPDATE
LOCAL STOCKS
The market traded lower yesterday with the KSi shedding 169.51 points or 3.22% to close at 5,079.28; Movers on the day included BSP and OSH loosing 1.25 and 8.25 percent respectively. Offshore saw IOC climbed 8 percent to close at US$37.75 with a high of US$37.90.
The market has sellers selling NBO as low as K22.00 while bids are at K17.08. Otherwise the local bourse should expect trading to pick up slowly as confidence starts to emerge.
PNG NEWS
EXXONMOBIL’S PNG LNG project in Papua New Guinea has taken another step forward to development after the company signed an agreement with the KBR and WorleyParsons’ Eos joint venture and awarded an early works contract to the Cough Curtain JV.
MOVERS
Thursday’s movers on the local bourse 4/06/09:
BSP:-1.25%
CCP: -2.45%
OSH: -8.25%
The market traded lower yesterday with the KSi shedding 169.51 points or 3.22% to close at 5,079.28; Movers on the day included BSP and OSH loosing 1.25 and 8.25 percent respectively. Offshore saw IOC climbed 8 percent to close at US$37.75 with a high of US$37.90.
The market has sellers selling NBO as low as K22.00 while bids are at K17.08. Otherwise the local bourse should expect trading to pick up slowly as confidence starts to emerge.
PNG NEWS
EXXONMOBIL’S PNG LNG project in Papua New Guinea has taken another step forward to development after the company signed an agreement with the KBR and WorleyParsons’ Eos joint venture and awarded an early works contract to the Cough Curtain JV.
MOVERS
Thursday’s movers on the local bourse 4/06/09:
BSP:-1.25%
CCP: -2.45%
OSH: -8.25%
Monday, June 1, 2009
POMSoX UPDATE
LOCAL STOCKS
Trading on the market was quite active with reasonable volumes changing hands for BSP at K0.79. CPL also surged 2.91 percent so did LGL advancing by 40 toea; and OSH fell 5 toeas to K10.95. On the offshore markets IOC ended stronger adding 5 percent to US$35.77 as NBPO finished GBP3.68.
The pre-open phase of the market today has bids NBO at K17.06 while OSH buyers are lined up at K10.90.
MOVERS
Friday’s movers on the local bourse 29/05/09:
BSP: 1.26%
CPL: 2.91%
KAM: 1.76%
LGL: 6.54%
OSH: -0.45%
Trading on the market was quite active with reasonable volumes changing hands for BSP at K0.79. CPL also surged 2.91 percent so did LGL advancing by 40 toea; and OSH fell 5 toeas to K10.95. On the offshore markets IOC ended stronger adding 5 percent to US$35.77 as NBPO finished GBP3.68.
The pre-open phase of the market today has bids NBO at K17.06 while OSH buyers are lined up at K10.90.
MOVERS
Friday’s movers on the local bourse 29/05/09:
BSP: 1.26%
CPL: 2.91%
KAM: 1.76%
LGL: 6.54%
OSH: -0.45%
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