LOCAL STOCKS
The local market edged mildly higher with BSP and HIG on the upswing closing at 82t and 95t respectively, while OSH, NBO and MGO closed unchanged. IOC on NYSE shed 7.59 percent yesterday to close at US$68.82.
The market this morning may open high on the back of strong finish from the offshore markets last night, although concerns about economic worries in China still remain. OSH is expected to release today the fourth quarter production report.
KSI was up yesterday, adding 8.46 points to close slightly higher at 6,803.15. The kina is buying aussie at 0.4337 and is selling at 0.3926.
MOVERS
Yesterday’s risers and fallers on the market 28/01/10;
BSP: 1.23%
HIG: 2.15%
KSI: 0.12%
Thursday, January 28, 2010
Monday, January 25, 2010
POMSoX UPDATE
LOCAL STOCKS
The market closed active with a reasonable turnover as the KSi ended 2.19 percent to 6812. BSP lost territory by 1.20 percent while NBO gained K1.60 to close at K19.00. IOC on the NYSE ended at last night at $79.05 with a day’s high of $79.93.
The market has bids for NBO and OSH are as high as K18.50 and K15.00 respectively, as sellers LGL are queued up at K8.50. Our kina is buying 0.4306 aussie and selling at 0.3898 this morning.
PNG NEWS
LGL: Lihir Gold Limited announced its 4th Quarter results with fourth successive record annual gold production, up 27% to an historical 1.12 million ounces output and total cash costs at $397/oz for the full year.
MOVERS
Friday’s movers on the bourse 22/01/10:
BSP: -1.20%
NBO: 9.19%
The market closed active with a reasonable turnover as the KSi ended 2.19 percent to 6812. BSP lost territory by 1.20 percent while NBO gained K1.60 to close at K19.00. IOC on the NYSE ended at last night at $79.05 with a day’s high of $79.93.
The market has bids for NBO and OSH are as high as K18.50 and K15.00 respectively, as sellers LGL are queued up at K8.50. Our kina is buying 0.4306 aussie and selling at 0.3898 this morning.
PNG NEWS
LGL: Lihir Gold Limited announced its 4th Quarter results with fourth successive record annual gold production, up 27% to an historical 1.12 million ounces output and total cash costs at $397/oz for the full year.
MOVERS
Friday’s movers on the bourse 22/01/10:
BSP: -1.20%
NBO: 9.19%
Friday, January 22, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market closed on another calm note on thin volumes; BSP finished steady at K0.83 with NBO and OSH ending weaker by 3.33 and 2 percent respectively. While on the LSE, NBO lost 7pence to end the day at GBP4.46 which is equivalent to K20.55.
The market this morning is expected to open weaker on the back of negative leads from the overseas markets; with CCP offers are available at K1.75 whereas bids for CPL are as high as K2.60. The kina is selling aussie at 0.3905 this morning.
MOVERS
Yesterday’s risers and fallers on the market 21/01/10;
NBO: -3.33%
OSH: -1.96%
The local market closed on another calm note on thin volumes; BSP finished steady at K0.83 with NBO and OSH ending weaker by 3.33 and 2 percent respectively. While on the LSE, NBO lost 7pence to end the day at GBP4.46 which is equivalent to K20.55.
The market this morning is expected to open weaker on the back of negative leads from the overseas markets; with CCP offers are available at K1.75 whereas bids for CPL are as high as K2.60. The kina is selling aussie at 0.3905 this morning.
MOVERS
Yesterday’s risers and fallers on the market 21/01/10;
NBO: -3.33%
OSH: -1.96%
Thursday, January 21, 2010
POMSoX UPDATE
LOCAL STOCKS
Thursday saw the bourse close active with reasonable volumes changing hands for LGL, as OSH jumped 2 percent yesterday to close at K15.30; No news from the economic front, while on the commodities gold and oil ended higher.
Sellers for BSP and HIG are lined up at a low K0.83 and K0.95 respectively. With our kina buying 0.4288 and selling 0.3881 aussie this morning.
MOVERS
Yesterdays’ movers on the bourse 20/01/10;
HIG: 2.15%
LGL: -5.88%
MGO: 33.33%
NGP: -0.58%
OSH: 2.00%
Thursday saw the bourse close active with reasonable volumes changing hands for LGL, as OSH jumped 2 percent yesterday to close at K15.30; No news from the economic front, while on the commodities gold and oil ended higher.
Sellers for BSP and HIG are lined up at a low K0.83 and K0.95 respectively. With our kina buying 0.4288 and selling 0.3881 aussie this morning.
MOVERS
Yesterdays’ movers on the bourse 20/01/10;
HIG: 2.15%
LGL: -5.88%
MGO: 33.33%
NGP: -0.58%
OSH: 2.00%
Wednesday, January 20, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi advanced 3.48 percent to end at 6965 points on light volumes yesterday, with LGL closing stronger tracking higher commodity prices, while BSP and OSH finished steady at K0.84 and K15.00 respectively. IOC slid 2.57 percent to close at $72.82 on reasonable volumes.
The market in its pre-open phase today, has sellers available for BSP at K0.83, while bids for LGL are at a high K8.00. The trend is expected to continue as the week progresses with positive leads from the overseas markets.
MOVERS
Monday’s movers on the bourse 18/01/10;
LGL: 8.97%
MGO: -28.00%
KSi advanced 3.48 percent to end at 6965 points on light volumes yesterday, with LGL closing stronger tracking higher commodity prices, while BSP and OSH finished steady at K0.84 and K15.00 respectively. IOC slid 2.57 percent to close at $72.82 on reasonable volumes.
The market in its pre-open phase today, has sellers available for BSP at K0.83, while bids for LGL are at a high K8.00. The trend is expected to continue as the week progresses with positive leads from the overseas markets.
MOVERS
Monday’s movers on the bourse 18/01/10;
LGL: 8.97%
MGO: -28.00%
Tuesday, January 19, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market opened the week weaker on thin volumes with BSP closed at K0.83 while LGL slid 2.5 percent to end at K7.80, as OSH finished unchanged at K15.00. KSi lost 68 points to close at 6731 points.
Market this morning in its pre open phase has sellers available at K8.50 while bids for NBO are as high as K18.00. Our kina is buying 0.4212 and selling aussie at 0.3813.
MOVERS
Monday’s movers on the bourse 18/01/10;
LGL: -2.50
The local market opened the week weaker on thin volumes with BSP closed at K0.83 while LGL slid 2.5 percent to end at K7.80, as OSH finished unchanged at K15.00. KSi lost 68 points to close at 6731 points.
Market this morning in its pre open phase has sellers available at K8.50 while bids for NBO are as high as K18.00. Our kina is buying 0.4212 and selling aussie at 0.3813.
MOVERS
Monday’s movers on the bourse 18/01/10;
LGL: -2.50
Monday, January 18, 2010
POMSoX UPDATE
LOCAL STOCKS
The local bourse closed slightly lower with CCP and HIG closing weaker at K1.76 and K0.93 respectively. While LGL ended steady at K8.00. IOC in the NYSE $76.20 on reasonable volumes.
In the opening phase of the market this morning has bids for LGL at a high K8.00 and HIG has buyers are lined up at K0.93. While in currency news, Kina is buying 0.4235 and selling 0.3834 aussie.
PNG NEWS
LGL: The board of Directors with the Chairman of Lihir Gold Limited Ross Garnaut announced this morning the resignation of Arthur Hood as CEO.
MOVERS
Friday's movers on the local market 15/01/10;
CCP: -0.56%
HIG: -2.10%
OSH: 0.06%
The local bourse closed slightly lower with CCP and HIG closing weaker at K1.76 and K0.93 respectively. While LGL ended steady at K8.00. IOC in the NYSE $76.20 on reasonable volumes.
In the opening phase of the market this morning has bids for LGL at a high K8.00 and HIG has buyers are lined up at K0.93. While in currency news, Kina is buying 0.4235 and selling 0.3834 aussie.
PNG NEWS
LGL: The board of Directors with the Chairman of Lihir Gold Limited Ross Garnaut announced this morning the resignation of Arthur Hood as CEO.
MOVERS
Friday's movers on the local market 15/01/10;
CCP: -0.56%
HIG: -2.10%
OSH: 0.06%
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