LOCAL STOCKS
Last week Friday saw the local market closed active with almost all the trading stocks registering trades; BSP and OSH were the highlights finishing stronger at K0.74 and K15.00 respectively. While on the NYSE IOC closed at US$70.33 reaching a high of US$70.55. Gold was down by 0.59 percent to US$1120 per ounce likewise oil finishing just under US$70.00 per barrel.
This morning should have the market open flat with mixed leads from overseas. BSP shares are available at K0.74 while buyers for HIG are bidding as high as K0.80.
MOVERS
Friday’s movers on the bourse 11/12/09:
BSP: 4.22%
OSH: 7.14%
Monday, December 14, 2009
Friday, December 11, 2009
POMSoX UPDATE
LOCAL STOCKS
Thursday had the KSi rose slightly, up by 0.99 pts to end at 6,552. BSP and HIG were the movers yesterday with BSP finishing the day weaker at K0.71 while HIG ended on the upside gaining 8.88 percent to close at K0.98. LGL on the ASX concluded trading at A$3.19 riding on a falling gold price.
In commodities, had gold climb 0.49 percent US$1126 per ounce as spot crude oil ended lower registering a close at US$70.55 per barrel.
This morning, the market is expected to open flat with shares for BSP available at K0.71 and CPL offers are at a low K2.45.
MOVERS
Yesterday’s movers on the local market 10/12/09:
BSP: -1.38%
HIG: 8.88%
Thursday had the KSi rose slightly, up by 0.99 pts to end at 6,552. BSP and HIG were the movers yesterday with BSP finishing the day weaker at K0.71 while HIG ended on the upside gaining 8.88 percent to close at K0.98. LGL on the ASX concluded trading at A$3.19 riding on a falling gold price.
In commodities, had gold climb 0.49 percent US$1126 per ounce as spot crude oil ended lower registering a close at US$70.55 per barrel.
This morning, the market is expected to open flat with shares for BSP available at K0.71 and CPL offers are at a low K2.45.
MOVERS
Yesterday’s movers on the local market 10/12/09:
BSP: -1.38%
HIG: 8.88%
Tuesday, December 8, 2009
POMSoX UPDATE
LOCAL STOCKS
Yesterday saw the local market closed quiet with light volumes changing hands for BSP and HIG ending the day at K0.74 and K0.90 respectively. While in London had NBPO advanced 6 percent to finish stronger to GBP3.95 which is equivalent to K18.23 as IOC edged higher concluding the day at US$62.30 on the NYSE.
On the commodities front, saw oil and gold closed weaker with Gold price settling at US$1164.00 per ounce as crude slid 2 percent.
This morning in the pre open phase has bids for LGL as high as K8.00 while sellers are queuing up at K8.30. We should expect the market to open lower riding on negative leads from the international markets.
MOVERS
All of the stocks closed flat yesterday.
Yesterday saw the local market closed quiet with light volumes changing hands for BSP and HIG ending the day at K0.74 and K0.90 respectively. While in London had NBPO advanced 6 percent to finish stronger to GBP3.95 which is equivalent to K18.23 as IOC edged higher concluding the day at US$62.30 on the NYSE.
On the commodities front, saw oil and gold closed weaker with Gold price settling at US$1164.00 per ounce as crude slid 2 percent.
This morning in the pre open phase has bids for LGL as high as K8.00 while sellers are queuing up at K8.30. We should expect the market to open lower riding on negative leads from the international markets.
MOVERS
All of the stocks closed flat yesterday.
Monday, December 7, 2009
Marengo Minning European Investor Presentation
Marengo Mining released an Investor presentaion outlining the overall operations and an update on its Yandera prospects in Madang Province, Papua New Guinea.
MSTG Equity & Debt Placement Correction
Metal Storm previously announced today that the Company has negotiated an immediate small equity placement to provide carry forward funding. It was stated in that announcement that documentation for this is expected to be completed today.
The Company wishes to correct this. The funding and documentation in respect of this is expected to commence today. The Company will advise the market further when this facility is completed or when there is further material progress in this matter.
As stated in the previous announcement the Company now expects to receive the First Tranche funding in the AFHL equity and debt placement by 7pm (Brisbane) Tuesday, 8December 2009.
Source: Metal Storm Limited
The Company wishes to correct this. The funding and documentation in respect of this is expected to commence today. The Company will advise the market further when this facility is completed or when there is further material progress in this matter.
As stated in the previous announcement the Company now expects to receive the First Tranche funding in the AFHL equity and debt placement by 7pm (Brisbane) Tuesday, 8December 2009.
Source: Metal Storm Limited
Friday, December 4, 2009
POMSoX UPDATE
LOCAL STOCKS
The KSi closed slightly higher yesterday, advancing 0.16 percent to 6728 points. Trading was active with most of the major trading stocks witnessing trades. The movers of the day included BSP and NBO finishing respectively at K0.74 and K17.00. IOC closed weaker at US$61.51 on the NYSE.
The market may open flat due to mixed leads from the international markets, with bids for BSP at a high K0.72 in the pre open phase and sellers for NGP are lined up as low as K1.71. The kina is up this morning and is buying 0.4284 and selling 0.3887 aussie.
MOVERS
Yesterday’s movers on the local bourse 02/12/09:
BSP: -1.33%
NBO: 6.11%
The KSi closed slightly higher yesterday, advancing 0.16 percent to 6728 points. Trading was active with most of the major trading stocks witnessing trades. The movers of the day included BSP and NBO finishing respectively at K0.74 and K17.00. IOC closed weaker at US$61.51 on the NYSE.
The market may open flat due to mixed leads from the international markets, with bids for BSP at a high K0.72 in the pre open phase and sellers for NGP are lined up as low as K1.71. The kina is up this morning and is buying 0.4284 and selling 0.3887 aussie.
MOVERS
Yesterday’s movers on the local bourse 02/12/09:
BSP: -1.33%
NBO: 6.11%
Wednesday, December 2, 2009
POMSoX UPDATE
LOCAL STOCKS
Tuesday had the market close relatively active with reasonable volumes changing hands, with BSP and NBO ending the day in positive territory. On the downside was HIG finishing weaker at K0.90; while the others closed steady. Resulting in the KSi closing marginally in the black gaining 0.29 percent (6721).
In commodities, saw the precious metal climbing 18 dollars to register a close at US$1200 per ounce, likewise did Crude advancing 1.41 percent to finish at US$78.16 per barrel. This all was supported by a weakened US dollar.
This morning may also see a reasonably active day of trading with positive leads from overseas. The sellers for CCP in pre-open phase of the market today are queued at K1.80, as bids for OSH are lined up as high as K14.99. In currency news, our kina this morning is buying aussie at 0.4288 while selling 0.3882.
MOVERS
Monday’s movers on the local bourse 01/12/09:
BSP: 1.38%
HIG: -5.26%
NBO: 6.25%
Tuesday had the market close relatively active with reasonable volumes changing hands, with BSP and NBO ending the day in positive territory. On the downside was HIG finishing weaker at K0.90; while the others closed steady. Resulting in the KSi closing marginally in the black gaining 0.29 percent (6721).
In commodities, saw the precious metal climbing 18 dollars to register a close at US$1200 per ounce, likewise did Crude advancing 1.41 percent to finish at US$78.16 per barrel. This all was supported by a weakened US dollar.
This morning may also see a reasonably active day of trading with positive leads from overseas. The sellers for CCP in pre-open phase of the market today are queued at K1.80, as bids for OSH are lined up as high as K14.99. In currency news, our kina this morning is buying aussie at 0.4288 while selling 0.3882.
MOVERS
Monday’s movers on the local bourse 01/12/09:
BSP: 1.38%
HIG: -5.26%
NBO: 6.25%
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