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Lihir Gold, Oil Search recover

AFTER plunging steadily from a recent high of A$3.16 in mid-June to a low of A$2.91 on Wednesday, Lihir Gold yesterday added A$0.09 to once again hit the A$3 level.
The stock had shed A$0.18 since the previous Thursday with turnover ranging between 11 and 18 million shares daily.
However, yesterday the stock picked up A$0.09 to A$3 on a turnover of 19.5 million shares.
Meanwhile, Oil Search, which has also been under some downward pressure in the past week, yesterday rose by A$0.08 to A$4.22 on a turnover of 5.7 million shares.
Oil Search is presently only A$0.01 below the price last June 21 and still remained within range of its record price of A$4.35 a share.
Among other PNG stocks on the Australian Stock Exchange, Steamships put on an additional A$0.23 to a new record high of A$8.88.
Highlands Pacific yesterday remained steady at its month-long low of A$0.16 while Allied Gold and Marengo Mining both shed A$0.015 to A$0.435 and A$0.38, respectively.