LOCAL STOCKS
The bourse was relatively active yesterday with KSi declining 5 points to close at 6,638.05; BSP settled 1.56 percent lower to K0.63 and CCP lost territory to end the day at K1.49 as LGL edged higher to finish the day at K8.79.
The pre-open phase of the market has offers for CPL and OSH at K2.95 and K13.38 respectively. Kina is buying 0.4356 and selling 0.3902 aussie.
MOVERS
Yesterday’s movers on the bourse 28/07/10;
BSP: -1.56%
CCP: -0.66%
LGL: 0.11%
NBO: 0.05%
OSH: -0.07%
Thursday, July 29, 2010
Wednesday, July 28, 2010
POMSoX UPDATE
LOCAL STOCKS
KSi closed marginally higher by 0.02 percent to 6643 points. BSP declined 1.53 percent to end the day at K0.65; while NBO edged higher to finish up at K18.97 as OSH ended the day at K13.41 over light volumes.
This morning has offers for BSP at K0.64 and CCP sellers are at a low K1.49. Kina this morning is stronger, buying 0.4356 and selling 0.3902 aussie.
PNG NEWS
NGE: New Guinea Energy Ltd yesterday afternoon reported securing a $25,000,000 equity subscription facility with US Based Investment Fund YA Global Master SPV Ltd (YA Global)
OSH: Oil Search Ltd released its quarterly results highlighting a total oil and gas production for the second quarter of 2010 was 1.94 million barrels of oil equivalent (mmboe), only marginally lower than first quarter production and total operating revenue was US$142.7 million compared to a US$133 million last quarter.
MOVERS
Yesterday’s movers on the bourse 27/07/10;
BSP: -1.53%
NBO: 2.54%
OSH: -0.07%
KSi closed marginally higher by 0.02 percent to 6643 points. BSP declined 1.53 percent to end the day at K0.65; while NBO edged higher to finish up at K18.97 as OSH ended the day at K13.41 over light volumes.
This morning has offers for BSP at K0.64 and CCP sellers are at a low K1.49. Kina this morning is stronger, buying 0.4356 and selling 0.3902 aussie.
PNG NEWS
NGE: New Guinea Energy Ltd yesterday afternoon reported securing a $25,000,000 equity subscription facility with US Based Investment Fund YA Global Master SPV Ltd (YA Global)
OSH: Oil Search Ltd released its quarterly results highlighting a total oil and gas production for the second quarter of 2010 was 1.94 million barrels of oil equivalent (mmboe), only marginally lower than first quarter production and total operating revenue was US$142.7 million compared to a US$133 million last quarter.
MOVERS
Yesterday’s movers on the bourse 27/07/10;
BSP: -1.53%
NBO: 2.54%
OSH: -0.07%
Tuesday, July 27, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market was quiet with light volumes crossing yesterday. BSP witnessed trades at K0.65; CCP ended the day steady at K1.50, the only mover was NBO falling 2.52 percent to close at K18.98 while on the LSE it finished at GBP4.82 down by 0.92 percent.
Bids for NBO are as high as K18.50 this morning while sellers for CCP shares are lined up at K1.50, no economic data was released to the market while on the corporate front, various mining companies released their Q2 activity reports.
In currency news, our kina has been stable for the past week averaging 0.4300, this morning it is buying 0.4333 and selling 0.3881 aussie as USD/PGK stands at 0.3909 today.
MOVERS
Yesterday’s movers on the local market 26/07/10;
NBO: -2.52%
The local market was quiet with light volumes crossing yesterday. BSP witnessed trades at K0.65; CCP ended the day steady at K1.50, the only mover was NBO falling 2.52 percent to close at K18.98 while on the LSE it finished at GBP4.82 down by 0.92 percent.
Bids for NBO are as high as K18.50 this morning while sellers for CCP shares are lined up at K1.50, no economic data was released to the market while on the corporate front, various mining companies released their Q2 activity reports.
In currency news, our kina has been stable for the past week averaging 0.4300, this morning it is buying 0.4333 and selling 0.3881 aussie as USD/PGK stands at 0.3909 today.
MOVERS
Yesterday’s movers on the local market 26/07/10;
NBO: -2.52%
Wednesday, July 21, 2010
POMSoX UPDATE
LOCAL STOCKS
The local market yesterday witnessed light volumes changing hands for BSP and HIG at K0.65 and K0.64 respectively; while others closed steady. KSi advanced into positive territory, adding 5 points to finish at 6641 points. In overseas, NGE ended at 21 cents with reasonable volumes.
On the resources front, most of the metals edged higher after speculation that China will ease measures to curb growth and also US building permits rising for the month of June boosting demand prospects for copper. Gold posted a gain of $9.80 to $1191.70 per ounce last night.
This morning will see the markets open the day flat but should close higher after positive sentiments that the Global economic recovery is on track. The pre-open phase of the market has BSPHA available at K25400.00; the note pays 11 percent per 6 months. Kina this morning, is buying 0.4304 and selling 0.3855 aussie.
PNG NEWS
NGE: New Guinea Energy yesterday did a private placement of 15 million ordinary shares to Macquarie Bank Limited at 20 cents aussie raising 3 million dollars.
No other releases to the market.
MOVERS
Yesterday’s movers on the bourse 20/07/10;
BSP: 1.56%
HIG: 1.53%
NBO: -0.05%
The local market yesterday witnessed light volumes changing hands for BSP and HIG at K0.65 and K0.64 respectively; while others closed steady. KSi advanced into positive territory, adding 5 points to finish at 6641 points. In overseas, NGE ended at 21 cents with reasonable volumes.
On the resources front, most of the metals edged higher after speculation that China will ease measures to curb growth and also US building permits rising for the month of June boosting demand prospects for copper. Gold posted a gain of $9.80 to $1191.70 per ounce last night.
This morning will see the markets open the day flat but should close higher after positive sentiments that the Global economic recovery is on track. The pre-open phase of the market has BSPHA available at K25400.00; the note pays 11 percent per 6 months. Kina this morning, is buying 0.4304 and selling 0.3855 aussie.
PNG NEWS
NGE: New Guinea Energy yesterday did a private placement of 15 million ordinary shares to Macquarie Bank Limited at 20 cents aussie raising 3 million dollars.
No other releases to the market.
MOVERS
Yesterday’s movers on the bourse 20/07/10;
BSP: 1.56%
HIG: 1.53%
NBO: -0.05%
Tuesday, July 20, 2010
NGE set to raise A$3 million
New Guinea Energy Ltd (NGE) is pleased to announce that it has reached agreement to raise $3million by way of private placement of 15,000,000 at $0.20 per share to Macquarie Bank Limited (MBL), a professional investor, in accordance with section 708 of the Corporations Act 2001(Act).
POMSoX UPDATE
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%
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%
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.
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