LOCAL STOCKS
The local bourse closed active with BSP closing 2.50 percent weaker as HIG jumped 24.13 percent with trades registering at K0.36; and OSH finished steady at K15.00. The KSi fell 17.86 points to 8,105.08 points.
In Commodities, oil closed down 10 cents to US$66.61 per barrel while the precious metal ended marginally higher at US$994.00 per ounce
Sellers for BSP are lined up at K0.79 as offers for CCP and CPL are at a low K1.85 and K2.50 respectively. The kina this morning is buying 0.4400 and selling 0.3983 aussie.
MOVERS
Yesterday’s movers on the local bourse 29/09/09:
BSP: -2.50%
HIG: 24.13%
Wednesday, September 30, 2009
Tuesday, September 29, 2009
POMSoX UPDATE
TUESDAY 29th SEPTEMBER 2009
LOCAL STOCKS
Reasonable volumes changed hands for BSP at K0.80 as bids closed the day at a high K0.78; OSH also climbed 7.14 percent closing the day at K15.00 despite the commodity ending weaker in the markets. NBPO finished steady last night on the LSE at GBP3.90. KSi yesterday posted 3.02 percent gain to close at 5, 758.66.
The market today has sellers available at K5.75 while NGP offers are at a low K1.80. The Kina is buying 0.4394 and selling 0.3977 aussie.
PNG NEWS
COY: CopperMoly yesterday announced that the Shortfall from issue raises $1,515,245 to prepare for Nakru drilling programme.
CUE: Cue Energy resources also released its annual results for 2008.
MOVERS
Yesterday’s movers on the local bourse 28/09/09:
BSP: 1.26%
OSH: 7.14%
LOCAL STOCKS
Reasonable volumes changed hands for BSP at K0.80 as bids closed the day at a high K0.78; OSH also climbed 7.14 percent closing the day at K15.00 despite the commodity ending weaker in the markets. NBPO finished steady last night on the LSE at GBP3.90. KSi yesterday posted 3.02 percent gain to close at 5, 758.66.
The market today has sellers available at K5.75 while NGP offers are at a low K1.80. The Kina is buying 0.4394 and selling 0.3977 aussie.
PNG NEWS
COY: CopperMoly yesterday announced that the Shortfall from issue raises $1,515,245 to prepare for Nakru drilling programme.
CUE: Cue Energy resources also released its annual results for 2008.
MOVERS
Yesterday’s movers on the local bourse 28/09/09:
BSP: 1.26%
OSH: 7.14%
Monday, September 28, 2009
POMSoX UPDATE
LOCAL STOCKS
Last Friday saw BSP slid 1.25 percent with reasonable volumes while CPL ended marginally higher to K2.50; and buyers for HIG closed at K0.36. NBO on the local bourse closed unchanged while in London it gained 1.96 percent to GBP3.90.
This morning has bids for NGE as high as K0.50 while OSH bidders are queued up at a high K14.00 in the pre-open phase of the market. The kina is buying 0.4423 and selling 0.4003 aussie this morning.
MOVERS
Last Friday’s Movers 25/09/09:
BSP: -1.25%
CPL: 0.40%
KAM: 4.54%
OSH: -6.66%
Last Friday saw BSP slid 1.25 percent with reasonable volumes while CPL ended marginally higher to K2.50; and buyers for HIG closed at K0.36. NBO on the local bourse closed unchanged while in London it gained 1.96 percent to GBP3.90.
This morning has bids for NGE as high as K0.50 while OSH bidders are queued up at a high K14.00 in the pre-open phase of the market. The kina is buying 0.4423 and selling 0.4003 aussie this morning.
MOVERS
Last Friday’s Movers 25/09/09:
BSP: -1.25%
CPL: 0.40%
KAM: 4.54%
OSH: -6.66%
Friday, September 25, 2009
POMSoX UPDATE
LOCAL STOCKS
Market closed active with trades for BSP rose 1.26 percent to end at K0.80 on reasonable volumes; while LGL climbed 4.00 percent likewise OSH jumped nearly 15 percent to conclude trading at K15.00. The KSi advanced 7.18 percent to 5,758.36 yesterday.
This morning due to a positive sentiment the market may continue to maintain previous levels. Our Kina is buying 0.4430 and selling at 0.4010 aussie.
PNG NEWS
CCP: Credit Corporation Limited announced its 1H 2009 report highlighting a 21 percent increase in its operating profit of K15.353 million and also the appointment of Mr. John Dunlop as one of the directors.
MGO: Marengo Mining yesterday reported that drilling commenced at its Kombruku prospect in Yandera.
MOVERS
Thursday’s movers on the local market 24/09/09:
BSP: 1.26%
CCP: -1.06%
LGL: 4.00%
NBO: 2.70%
OSH: 14.94%
Market closed active with trades for BSP rose 1.26 percent to end at K0.80 on reasonable volumes; while LGL climbed 4.00 percent likewise OSH jumped nearly 15 percent to conclude trading at K15.00. The KSi advanced 7.18 percent to 5,758.36 yesterday.
This morning due to a positive sentiment the market may continue to maintain previous levels. Our Kina is buying 0.4430 and selling at 0.4010 aussie.
PNG NEWS
CCP: Credit Corporation Limited announced its 1H 2009 report highlighting a 21 percent increase in its operating profit of K15.353 million and also the appointment of Mr. John Dunlop as one of the directors.
MGO: Marengo Mining yesterday reported that drilling commenced at its Kombruku prospect in Yandera.
MOVERS
Thursday’s movers on the local market 24/09/09:
BSP: 1.26%
CCP: -1.06%
LGL: 4.00%
NBO: 2.70%
OSH: 14.94%
Wednesday, September 23, 2009
POMSoX UPDATE
LOCAL STOCKS
Tuesday, saw the bourse ended relatively active with trades for CCP registering at K1.87 on light volumes; while NBO finished at K18.50 reaching a high of K19.00 for the day. IOC jumped 3.20 percent to US$40.03 on NYSE.
Pre-open phase of the market has offers for BSP at K0.79 while sellers for OSH are at a low K14.49.
MOVERS
Yesterday’s movers on the bourse 22/09/09:
CCP: -0.53%
NBO: -2.63%
OSH: 0.23%
Tuesday, saw the bourse ended relatively active with trades for CCP registering at K1.87 on light volumes; while NBO finished at K18.50 reaching a high of K19.00 for the day. IOC jumped 3.20 percent to US$40.03 on NYSE.
Pre-open phase of the market has offers for BSP at K0.79 while sellers for OSH are at a low K14.49.
MOVERS
Yesterday’s movers on the bourse 22/09/09:
CCP: -0.53%
NBO: -2.63%
OSH: 0.23%
Tuesday, September 22, 2009
POMSoX UPDATE
LOCAL STOCKS
The KSi closed high with 14.70 points to 5,436.54 yesterday; with BSP and CGA ending on the upside while KAM fell 4.34 percent and OSH finished marginally flat at K13.02. IOC fell 6.98 percent to US$38.79 reaching a high of US$40.19.
Today the market may open flat with mixed leads from overseas markets but momentum may gradually rise as we progress during the week.
PNG NEWS
CGA: Airlines of PNG have released a press release yesterday highlight their intention to apply for traffic rights to Asia.
MOVERS
Mondays’ risers and fallers on the local share market 21/09/09:
BSP: 1.28%
CGA: 8.33%
KAM: -4.34%
OSH: 0.07%
The KSi closed high with 14.70 points to 5,436.54 yesterday; with BSP and CGA ending on the upside while KAM fell 4.34 percent and OSH finished marginally flat at K13.02. IOC fell 6.98 percent to US$38.79 reaching a high of US$40.19.
Today the market may open flat with mixed leads from overseas markets but momentum may gradually rise as we progress during the week.
PNG NEWS
CGA: Airlines of PNG have released a press release yesterday highlight their intention to apply for traffic rights to Asia.
MOVERS
Mondays’ risers and fallers on the local share market 21/09/09:
BSP: 1.28%
CGA: 8.33%
KAM: -4.34%
OSH: 0.07%
Monday, September 21, 2009
POMSoX UPDATE
LOCAL STOCKS
Friday saw the local bourse closed calm with NBO and BSP registering trades at K19.00 and K0.78 respectively. Sellers for KAM ended the day at K1.10; our broader KSi advanced 1.54 percent to conclude trading for the week at at 5,421.84.
The market may open higher today after positive leads from overseas markets; Our Kina is buying and selling at 0.4419 and 0.4000 Aussie.
PNG NEWS
OSH: Oil Search Limited released its drilling report on its assets in Lybia and Yemen.
MOVERS
Last Friday’s movers on the local bourse 18/09/09:
BSP: -1.26%
NBO: 11.69%
OSH: 3.17%
Friday saw the local bourse closed calm with NBO and BSP registering trades at K19.00 and K0.78 respectively. Sellers for KAM ended the day at K1.10; our broader KSi advanced 1.54 percent to conclude trading for the week at at 5,421.84.
The market may open higher today after positive leads from overseas markets; Our Kina is buying and selling at 0.4419 and 0.4000 Aussie.
PNG NEWS
OSH: Oil Search Limited released its drilling report on its assets in Lybia and Yemen.
MOVERS
Last Friday’s movers on the local bourse 18/09/09:
BSP: -1.26%
NBO: 11.69%
OSH: 3.17%
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