LOCAL STOCKS
The market was quiet yesterday, with small volumes registering for OSH and NGIP at K13.42 and K1.30 respectively. Overseas, NGE closed at 21 cents with offers ending at 21.5 cents. On the Resources front, base metals finished mixed with the precious metal dipping 0.53 percent to $1181.90 per ounce, as crude added 53 cents to $76.54 per barrel.
This morning may see the market open slightly higher riding on reports of potential stimulus plans in China, and as business activity in US improves. Pre-open phase has sellers lined for OSH at a low K13.40, while CPL shares are available at K2.95. In currency news, Kina is buying 0.4379 and selling 0.3922 aussie.
PNG NEWS
OSH: Oil Search Limited yesterday announced the appointment of Dr Agu Kantsler as a non- executive director of its board.
MOVERS
Yesterday’s movers on the bourse 19/07/10;
MGO: -2.27%
Tuesday, July 20, 2010
Friday, July 16, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse was again calm yesterday with light volumes changing hands for BSP at K0.65, while CCP closed unchanged at K1.50, likewise HIG ending unchanged at K0.65. Resulting in the KSi finishing steady at 6645.
The pre-open phase of the market has offers available for CCP as low as K1.51, while LGL bidders are queued up at K8.77. Kina this morning is slightly weaker, buying 0.4306 and selling aussie at 0.3857
MOVERS
Thursday’s movers on the bourse 15/07/10;
No movers on the bourse yesterday.
The bourse was again calm yesterday with light volumes changing hands for BSP at K0.65, while CCP closed unchanged at K1.50, likewise HIG ending unchanged at K0.65. Resulting in the KSi finishing steady at 6645.
The pre-open phase of the market has offers available for CCP as low as K1.51, while LGL bidders are queued up at K8.77. Kina this morning is slightly weaker, buying 0.4306 and selling aussie at 0.3857
MOVERS
Thursday’s movers on the bourse 15/07/10;
No movers on the bourse yesterday.
Wednesday, July 14, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse was relatively calm yesterday with reasonable volumes changing hands for BSP at K0.65, while CCP lost nearly 2 percent to K1.51 as others closed unchanged. Overseas, IOC surged $51.51 after opening the day at $50.41 on the NYSE.
Today the bourse should open stronger after positive leads from the overseas markets; kina this morning is buying 0.4276 and selling 0.3831 aussie.
MOVERS
Yesterday’s movers on the bourse 13/07/10;
BSP: -1.51%
CCP: -1.96%
The bourse was relatively calm yesterday with reasonable volumes changing hands for BSP at K0.65, while CCP lost nearly 2 percent to K1.51 as others closed unchanged. Overseas, IOC surged $51.51 after opening the day at $50.41 on the NYSE.
Today the bourse should open stronger after positive leads from the overseas markets; kina this morning is buying 0.4276 and selling 0.3831 aussie.
MOVERS
Yesterday’s movers on the bourse 13/07/10;
BSP: -1.51%
CCP: -1.96%
Friday, July 9, 2010
POMSoX UPDATE
LOCAL STOCKS
Yesterday saw the bourse close relatively active with reasonable volumes crossing for BSP at K0.65; LGL climbed 1.16 percent to K8.71 while OSH lost 7 toeas to K13.44. KSi edged higher by 0.40 percent to end the day at 6635 points.
The market today has offers for BSP at a low K0.64 while LGL has offers at a low K8.80. Kina this morning is buying 0.4310 and selling at0.3860 aussie.
MOVERS
Yesterday’s movers on the bourse 08/07/10;
LGL: 1.16%
OSH: -0.07%
Yesterday saw the bourse close relatively active with reasonable volumes crossing for BSP at K0.65; LGL climbed 1.16 percent to K8.71 while OSH lost 7 toeas to K13.44. KSi edged higher by 0.40 percent to end the day at 6635 points.
The market today has offers for BSP at a low K0.64 while LGL has offers at a low K8.80. Kina this morning is buying 0.4310 and selling at0.3860 aussie.
MOVERS
Yesterday’s movers on the bourse 08/07/10;
LGL: 1.16%
OSH: -0.07%
Thursday, July 8, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market saw another quiet day with only a few trades going through, resulting in the KSi finishing unchanged at 6605 points. BSP witnessed trades at K0.65 reaching a high of K0.66, while CCP finished at K1.53 per share. In overseas, IOC closed stronger by 84 cents to $47.36.
Pre-open phase of the market today has buyers for BSP lined up at K0.65, and NBO has sellers at a low K19.20. The market today should open higher, after strong leads from overseas markets. Kina this morning is buying 0.4375 and selling 0.3919 aussie.
PNG NEWS
IOC: InterOil Corporation released a drilling update on its Antelope 2 structure that the well flowed at a stabilized gas rate between 5.7 and 7.3 million cubic feet of natural gas per day (MMcfd) through various choke sizes with no formation water produced.
LGL: Lihir Gold Limited’s Board of Directors has approved the de‐listing of the company’s shares from the Toronto Stock Exchange (TSX). The decision to seek a delisting was taken due to the low turnover of LGL shares on the Toronto exchange, and the small level of LGL share ownership in Canada. Trading in LGL shares on the TSX is scheduled to cease from the close of trade on July 12, 2010.
MOVERS
Yesterday’s movers on the bourse 07/07/10;
Nil movers on the bourse.
The local market saw another quiet day with only a few trades going through, resulting in the KSi finishing unchanged at 6605 points. BSP witnessed trades at K0.65 reaching a high of K0.66, while CCP finished at K1.53 per share. In overseas, IOC closed stronger by 84 cents to $47.36.
Pre-open phase of the market today has buyers for BSP lined up at K0.65, and NBO has sellers at a low K19.20. The market today should open higher, after strong leads from overseas markets. Kina this morning is buying 0.4375 and selling 0.3919 aussie.
PNG NEWS
IOC: InterOil Corporation released a drilling update on its Antelope 2 structure that the well flowed at a stabilized gas rate between 5.7 and 7.3 million cubic feet of natural gas per day (MMcfd) through various choke sizes with no formation water produced.
LGL: Lihir Gold Limited’s Board of Directors has approved the de‐listing of the company’s shares from the Toronto Stock Exchange (TSX). The decision to seek a delisting was taken due to the low turnover of LGL shares on the Toronto exchange, and the small level of LGL share ownership in Canada. Trading in LGL shares on the TSX is scheduled to cease from the close of trade on July 12, 2010.
MOVERS
Yesterday’s movers on the bourse 07/07/10;
Nil movers on the bourse.
Wednesday, July 7, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi lost 548 points yesterday to close at 6592 points, attributed to BSP and LGL finishing weaker at K0.65 and K8.61 respectively, while CPL closed the day unchanged at K2.95 over light volumes. IOC on the NYSE dropped 1.01 percent to end the day at $46.05 as NBPO on the LSE concluded at GBP4.94 per share.
The market may open stronger today on the back of positive leads from overseas markets after the US broke a seven day slide, after traders sort through the market for beaten down stocks.
Pre-open phase of the market has bids for OSH as high as K13.44, while sellers for CCP are lined up at K1.53. In currency news, Kina for the past few days has been strong against the aussie trading above the 0.4000 aussie markets. Today it is buying 0.4459 and selling 0.3994 aussie.
PNG NEWS
MOS: Mosaic Oil Limited released an update on the AGL proposal to acquire all of the issued shares in Mosaic at a cash price of 15 cents per share with a scrip alternative.
MOVERS
Yestertday’s movers on the bourse 06/07/10;
BSP: -1.51%
LGL: -16.40
KSi lost 548 points yesterday to close at 6592 points, attributed to BSP and LGL finishing weaker at K0.65 and K8.61 respectively, while CPL closed the day unchanged at K2.95 over light volumes. IOC on the NYSE dropped 1.01 percent to end the day at $46.05 as NBPO on the LSE concluded at GBP4.94 per share.
The market may open stronger today on the back of positive leads from overseas markets after the US broke a seven day slide, after traders sort through the market for beaten down stocks.
Pre-open phase of the market has bids for OSH as high as K13.44, while sellers for CCP are lined up at K1.53. In currency news, Kina for the past few days has been strong against the aussie trading above the 0.4000 aussie markets. Today it is buying 0.4459 and selling 0.3994 aussie.
PNG NEWS
MOS: Mosaic Oil Limited released an update on the AGL proposal to acquire all of the issued shares in Mosaic at a cash price of 15 cents per share with a scrip alternative.
MOVERS
Yestertday’s movers on the bourse 06/07/10;
BSP: -1.51%
LGL: -16.40
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