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PNG Stock exchange surges

October 15 2009 at 8:56 AM
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Stock exchange surges as PNG firms post big wins
ABC

The Papua New Guinea stock exchange again surged this week, this time by huge 11 per cent, as two big firms - probably responsible for the rise in confidence - had big wins.

Papua New Guinea's biggest gold company, Lihir Gold, is suggesting the precious metal could rise to $US1,500. And the Bank of South Pacific took over Fiji's 130-year-old Colonial National Bank and associated firms.

 
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