POMSox did well

Business, Normal

THE local bourse closed slightly higher for the month of  October, despite poor performance from the locally-listed stocks (primary listings).
The Kina Securities index edged up by 6.53% and 38.15% for the year.
The Kina Securities Home index failed to rally, closing down 6.17% for the month and down 10.87% for the year.
A total of  1.9 million shares worth about K3.2 million traded hands for the month, with heavy trading in Bank South Pacific (BSP), Oil Search Ltd (OSL) New Britain Oil Ltd (NBOL) and Credit Corp.
Marengo Mining Ltd was the winner for the month, rising 124%, followed by Highlands Gold, up by 94%, while BSP performed poorly, down by 7.69%.  
For the year, Highlands Gold and Marengo outperformed others while primary listed stocks, BSP, Credit Corp and Airlines PNG lagged behind.