LOCAL STOCKS
The local bourse closed relatively active with trades registering for BSP and CPL at K0.65 and K2.95 respectively, as OSH slid 0.07 percent to end the week at K13.26 reaching a high of K13.27. Off shore markets saw most indices closed in the red riding on comments by the FED that the pace of recovery is likely to be modest in the near term than had been anticipated.
The local share market may open slightly lower after mixed leads from overseas, with offers for CCP at a low K1.45 and bidders for OSH lined up at K12.00. Kina today is buying 0.4229 and selling 0.3788 aussie.
MOVERS
Friday’s movers on the bourse 13/08/10;
CCP: -0.68%
CPL: 0.34%
NBO: 0.05%
OSH: -0.07%
Monday, August 16, 2010
Friday, August 13, 2010
POMSoX UPDATE
LOCAL STOCKS
The market closed on a light note yesterday, with small volumes changing hands for BSP and CCP at K0.66 and K1.46 respectively. KSi was slightly down 0.03 percent to end at 6694 points. Offshore markets were all weaker on the back of disappointing growth data from US, China and Japan.
The market should open lower after negative leads from overseas, the bourse this morning has buying for BSP shares at K0.65, while sellers for NBO are at a low K19.00.Kina this morning is buying 0.4216 and selling 0.3777 aussie.
PNG NEWS
MGO: Marengo Mining Limited reported the completion of its capital raising on TSX raising CA$21 million for the funding of its DFS and regional copper exploration.
MOVERS
Thursday's movers on the bourse 12/08/10;
NBO: -0.05%
OSH: -0.15%
The market closed on a light note yesterday, with small volumes changing hands for BSP and CCP at K0.66 and K1.46 respectively. KSi was slightly down 0.03 percent to end at 6694 points. Offshore markets were all weaker on the back of disappointing growth data from US, China and Japan.
The market should open lower after negative leads from overseas, the bourse this morning has buying for BSP shares at K0.65, while sellers for NBO are at a low K19.00.Kina this morning is buying 0.4216 and selling 0.3777 aussie.
PNG NEWS
MGO: Marengo Mining Limited reported the completion of its capital raising on TSX raising CA$21 million for the funding of its DFS and regional copper exploration.
MOVERS
Thursday's movers on the bourse 12/08/10;
NBO: -0.05%
OSH: -0.15%
Wednesday, August 11, 2010
POMSoX UPDATE
LOCAL STOCKS
Tuesday, saw the bourse close calm with KSi finishing marginally higher at 6697 points, after BSP and CCP finished unchanged at K0.65 and K1.47 respectively.
The market this morning has bids for BSP at a high K0.64, while sellers are lined up at a low K0.65. LGL buyers are queued up at K9.00, while PGK is buying 0.4159 and selling at0.3725 aussie.
PNG NEWS
CUE: Cue Energy Resources Limited is pleased to announce the completion of the sale of its interest in PRL8 in Papua New Guinea for US$5.14M in cash.
MOVERS
Tuesday’s movers on the bourse 10/08/10;
NBO: 1.65%
OSH: -0.22%
Tuesday, saw the bourse close calm with KSi finishing marginally higher at 6697 points, after BSP and CCP finished unchanged at K0.65 and K1.47 respectively.
The market this morning has bids for BSP at a high K0.64, while sellers are lined up at a low K0.65. LGL buyers are queued up at K9.00, while PGK is buying 0.4159 and selling at0.3725 aussie.
PNG NEWS
CUE: Cue Energy Resources Limited is pleased to announce the completion of the sale of its interest in PRL8 in Papua New Guinea for US$5.14M in cash.
MOVERS
Tuesday’s movers on the bourse 10/08/10;
NBO: 1.65%
OSH: -0.22%
Monday, August 9, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse on Friday finished relatively calm with trades going through for BSP at K0.65, while CCP and OSH dipped 0.68 and 0.07 percent respectively; as KAM ended unchanged at K1.08. KSi edged higher by 11 points to close the week at 6696 points.
Pre-open phase this morning has bids for BSP at a high K0.65, while offers are available at K0.66. OSH has shares available at K13.32. In Currency, kina this morning is buying 0.4193 and selling at 0.3756 aussie. No news on the economic and corporate front.
MOVERS
Friday’s movers on the bourse 6/08/10;
BSP: 3.17%
CCP: -0.68%
OSH: -0.07%
The bourse on Friday finished relatively calm with trades going through for BSP at K0.65, while CCP and OSH dipped 0.68 and 0.07 percent respectively; as KAM ended unchanged at K1.08. KSi edged higher by 11 points to close the week at 6696 points.
Pre-open phase this morning has bids for BSP at a high K0.65, while offers are available at K0.66. OSH has shares available at K13.32. In Currency, kina this morning is buying 0.4193 and selling at 0.3756 aussie. No news on the economic and corporate front.
MOVERS
Friday’s movers on the bourse 6/08/10;
BSP: 3.17%
CCP: -0.68%
OSH: -0.07%
Thursday, August 5, 2010
POMSoX UPDATE
LOCAL STOCKS
Wednesday, had the bourse close relatively active with reasonable volumes changing hands for BSP at K0.64, LGL edged 2.27 percent higher with trades registering at K9.00; on the other hand OSH slid, to close marginally lower at K13.34.
This morning has BSP shares available at K0.65, while CCP sellers are lined up at K1.47. Kina this morning is buying 0.4260 and selling 0.3767 aussie. In economic news, the Bank of PNG released data that inflation was at 5 percent for the March Quarter, while the KFR was maintained at 7 percent for the month of August.
MOVERS
Wednesday’s movers on the bourse 04/08/10 ;
BSP:1.58%
CCP: -0.67%
CPL: 0.33%
LGL: 2.27%
OSH: -0.29%
Wednesday, had the bourse close relatively active with reasonable volumes changing hands for BSP at K0.64, LGL edged 2.27 percent higher with trades registering at K9.00; on the other hand OSH slid, to close marginally lower at K13.34.
This morning has BSP shares available at K0.65, while CCP sellers are lined up at K1.47. Kina this morning is buying 0.4260 and selling 0.3767 aussie. In economic news, the Bank of PNG released data that inflation was at 5 percent for the March Quarter, while the KFR was maintained at 7 percent for the month of August.
MOVERS
Wednesday’s movers on the bourse 04/08/10 ;
BSP:1.58%
CCP: -0.67%
CPL: 0.33%
LGL: 2.27%
OSH: -0.29%
Tuesday, August 3, 2010
POMSoX UPDATE
Apologies, today’s update is not available due to technical difficulties experienced on POMSoX yesterday.
Monday, August 2, 2010
POMSoX UPDATE
LOCAL STOCKS
The bourse on Friday closed relatively active with reasonable volumes changing hands for BSP at K0.63; while LGL ended the week at K8.80 as OSH finished unchanged at K13.39. KSi edged higher by 18.47 points, to conclude the week at 6,640 points.
Pre-open phase this morning has a offer for BSPHA at K25, 400.00 per note as LGL sellers are lined up at a low K9.00. Kina this morning is buying 0.4287 and selling 0.3840 aussie.
MOVERS
Last Friday’s movers on the bourse 30/07/10;
BSP: 4.83%
OSH: -0.76%
The bourse on Friday closed relatively active with reasonable volumes changing hands for BSP at K0.63; while LGL ended the week at K8.80 as OSH finished unchanged at K13.39. KSi edged higher by 18.47 points, to conclude the week at 6,640 points.
Pre-open phase this morning has a offer for BSPHA at K25, 400.00 per note as LGL sellers are lined up at a low K9.00. Kina this morning is buying 0.4287 and selling 0.3840 aussie.
MOVERS
Last Friday’s movers on the bourse 30/07/10;
BSP: 4.83%
OSH: -0.76%
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