MONDAY 13th JULY 2009
LOCAL STOCKS
Friday saw the local bourse closed relatively flat, with the financials finishing unchanged likewise NBO ending the week at K17.10, OSH was the only gainer on Friday ending 7 percent higher with small volumes. In overseas over the weekend had IOC closed at US$27.21 while NBPO on the LSE ended at GBP3.50.
The market this morning is expected to open relatively flat with bids for BSP and CCP as low as K0.85 and K1.93 respectively.
PNG NEWS
Kina: The local currency is buying 0.5075 and selling 0.4594 today.
MOVERS
Last Friday’s movers on the local bourse 10/07/09:
OSH: 6.91%
Monday, July 13, 2009
Friday, July 10, 2009
POMSoX UPDATE
LOCAL STOCKS
Thursday, saw the local bourse close active with reasonable volumes changing hands for BSP at K0.85 as CPL registered a gain of nearly 1 percent to end the day at K2.49. in overseas last night saw NBPO in London finished steady at GBP3.54 likewise did IOC on the NYSE closing at US$27.20.
The local market is expected to open flat following mixed results from the international markets. Pre-open phase of the market today at has offers for BSP as low as K0.86, and NBO buyers lined up at K17.10.
PNG NEWS
Kina: Our local currency is buying 0.5050 and selling 0.4571.
MOVERS
Yesterday’s movers on the local bourse 09/07/09:
CPL: 0.80%
NBO: 0.05%
Thursday, saw the local bourse close active with reasonable volumes changing hands for BSP at K0.85 as CPL registered a gain of nearly 1 percent to end the day at K2.49. in overseas last night saw NBPO in London finished steady at GBP3.54 likewise did IOC on the NYSE closing at US$27.20.
The local market is expected to open flat following mixed results from the international markets. Pre-open phase of the market today at has offers for BSP as low as K0.86, and NBO buyers lined up at K17.10.
PNG NEWS
Kina: Our local currency is buying 0.5050 and selling 0.4571.
MOVERS
Yesterday’s movers on the local bourse 09/07/09:
CPL: 0.80%
NBO: 0.05%
Wednesday, July 8, 2009
POMSoX UPDATE
LOCAL STOCKS
Trading on the local bourse was soft with light volumes changing hands, BSP and CCP maintained levels as previous. LGL also edged over the K6.00 mark finishing the day at K6.40 despite gold losing its appeal as a hedge against inflation yesterday. Last night had IOC ended the day at US$26.11 fall 7 percent while NBPO rose by 8 pence to close at GBP3.58.
The market is expected open lower with negative leads international indices, due to a declining oil price and reports that fresh government spending may be needed to stabilize economies. Offers for BSP are as low as K0.85
PNG NEWS
The KSi edged higher yesterday, adding 100.27 points or 1.93% to close at 5,292. While BPNG maintained the KFR at 8.00 percent.
PNG Kina is buying 0.5004 and selling at a rate of 0.4530 Aussie.
MOVERS
Yesterday’s movers on the local bourse 8/07/09:
LGL: 6.66%
Trading on the local bourse was soft with light volumes changing hands, BSP and CCP maintained levels as previous. LGL also edged over the K6.00 mark finishing the day at K6.40 despite gold losing its appeal as a hedge against inflation yesterday. Last night had IOC ended the day at US$26.11 fall 7 percent while NBPO rose by 8 pence to close at GBP3.58.
The market is expected open lower with negative leads international indices, due to a declining oil price and reports that fresh government spending may be needed to stabilize economies. Offers for BSP are as low as K0.85
PNG NEWS
The KSi edged higher yesterday, adding 100.27 points or 1.93% to close at 5,292. While BPNG maintained the KFR at 8.00 percent.
PNG Kina is buying 0.5004 and selling at a rate of 0.4530 Aussie.
MOVERS
Yesterday’s movers on the local bourse 8/07/09:
LGL: 6.66%
Tuesday, July 7, 2009
POMSoX UPDATE
LOCAL STOCKS
KSi opened the week lower losing 56 points to end 5,191.73, trading was quiet with light volumes. BSP and OSH finished the day unchanged as NBO and CCP closed in the red. IOC also fell 5.29 percent on the NYSE, likewise did NBPO in London closing at GBP3.50.
The local market is expected to open flat today with mixed leads form the international markets. In the pre-open phase of the market this morning has bids for BSP as high as K0.80. In currency our Kina is buying 0.4955 and selling 0.4485 Aussie today.
MOVERS
Yesterday’s movers on the local bourse 06/07/09:
CCP: -0.51%
KSi opened the week lower losing 56 points to end 5,191.73, trading was quiet with light volumes. BSP and OSH finished the day unchanged as NBO and CCP closed in the red. IOC also fell 5.29 percent on the NYSE, likewise did NBPO in London closing at GBP3.50.
The local market is expected to open flat today with mixed leads form the international markets. In the pre-open phase of the market this morning has bids for BSP as high as K0.80. In currency our Kina is buying 0.4955 and selling 0.4485 Aussie today.
MOVERS
Yesterday’s movers on the local bourse 06/07/09:
CCP: -0.51%
Monday, July 6, 2009
POMSOX UPDATE
LOCAL STOCKS
On Friday saw the local bourse closed calm with trades going through for BSP at K0.85; NBO fell 3.22 percent to end at K17.10, as other finished unchanged. Overseas markets saw IOC concluded the week at US$29.67 reaching a high of US$30.80 as NBPO on the LSE ended at GBX350.00.
The local market is forecasted to maintain current trading levels as we move into the second half of the year, as most of the international indices closing weaker last week.
PNG NEWS
PNG Kina: Our local currency is buying 0.4957 Aussie and selling 0.4487 Aussie, while PGK is averaging 0.3753 US.
MOVERS
Movers last week Friday included NBO falling 3.22 percent.
On Friday saw the local bourse closed calm with trades going through for BSP at K0.85; NBO fell 3.22 percent to end at K17.10, as other finished unchanged. Overseas markets saw IOC concluded the week at US$29.67 reaching a high of US$30.80 as NBPO on the LSE ended at GBX350.00.
The local market is forecasted to maintain current trading levels as we move into the second half of the year, as most of the international indices closing weaker last week.
PNG NEWS
PNG Kina: Our local currency is buying 0.4957 Aussie and selling 0.4487 Aussie, while PGK is averaging 0.3753 US.
MOVERS
Movers last week Friday included NBO falling 3.22 percent.
Thursday, July 2, 2009
POMSoX Update
THURSDAY 2nd JULY 2009
LOCAL STOCKS
The Local bourse closed fairly flat on Wednesday as majority of the securities saw little to no trading at all. NBO was the highlight of the day as it turned around to finish 1.92% higher at K18.01 after falling to K17.67 the previous day. OSH continued to maintain its position at the K11.60 mark regardless of the fall in the oil price from US$71.47 to US$69.82 on the world market yesterday. BSP continues to trade at K0.85 while LGL remains steady at K6.40.
PNG NEWS
The KSi was up yesterday by 5.37 pts or 1.00% to close at 5,206.67 due to NBO turning the tide to finish 34toea higher at K18.01.
MOVERS
Wednesday’s movers on the local market 01/07/09:
NBO: 1.92%
LOCAL STOCKS
The Local bourse closed fairly flat on Wednesday as majority of the securities saw little to no trading at all. NBO was the highlight of the day as it turned around to finish 1.92% higher at K18.01 after falling to K17.67 the previous day. OSH continued to maintain its position at the K11.60 mark regardless of the fall in the oil price from US$71.47 to US$69.82 on the world market yesterday. BSP continues to trade at K0.85 while LGL remains steady at K6.40.
PNG NEWS
The KSi was up yesterday by 5.37 pts or 1.00% to close at 5,206.67 due to NBO turning the tide to finish 34toea higher at K18.01.
MOVERS
Wednesday’s movers on the local market 01/07/09:
NBO: 1.92%
Wednesday, July 1, 2009
POMSoX Update
WEDNESDAY 1st JULY 2009
LOCAL STOCKS
Tuesday, saw the market finish active with BSP continuing to register trades at K0.85; HIG closed steady at K0.26 with a reasonable turnover in volume. LGL closed at K6.40 while NBO lost ground by 0.33% to end its day at K17.67. Otherwise, all other securities closed unchanged.
The pre-opening phase of the market today has offers for CCP at K1.94 and CPL at K2.47.
PNG NEWS
KAM: Locally listed investment firm Kina Asset Management is currently looking to diversify their investments on both the domestic and international fronts. Sir Rabbie Namaliu announced this at the start of their long term investment strategy. Sir Rabbie mentioned that there were some opportunities which they were currently looking at in the global markets as well as locally and would be acting upon recommendations regarding these.
MOVERS
Yesterday’s movers on the local exchange 30/06/09:
CGA: -0.10%
NBO: -0.33%
LOCAL STOCKS
Tuesday, saw the market finish active with BSP continuing to register trades at K0.85; HIG closed steady at K0.26 with a reasonable turnover in volume. LGL closed at K6.40 while NBO lost ground by 0.33% to end its day at K17.67. Otherwise, all other securities closed unchanged.
The pre-opening phase of the market today has offers for CCP at K1.94 and CPL at K2.47.
PNG NEWS
KAM: Locally listed investment firm Kina Asset Management is currently looking to diversify their investments on both the domestic and international fronts. Sir Rabbie Namaliu announced this at the start of their long term investment strategy. Sir Rabbie mentioned that there were some opportunities which they were currently looking at in the global markets as well as locally and would be acting upon recommendations regarding these.
MOVERS
Yesterday’s movers on the local exchange 30/06/09:
CGA: -0.10%
NBO: -0.33%
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