Weekly Market Insights (05-12 June 2026)

Jun 15
2 min read

Global Markets

Global markets were mixed, with gains in developed markets offset by weakness in Asia, as improving geopolitical sentiment contrasted with ongoing uncertainty in technology sectors.

Equities:
- US, Australian, and European markets rose, supported by easing geopolitical tensions and broader sector strength.
- Asian markets declined, as technology weakness and cautious investor sentiment weighed on Hong Kong and Japan.
Bonds:
- Bond yields declined globally (US, UK, Australia, China), reflecting easing inflation expectations and softer economic data.
Currencies:
- The US dollar weakened slightly, as safe‑haven demand eased.
- The euro strengthened, while the Australian dollar softened on domestic outlook concerns and the yuan edged higher.

Commodities

Commodity markets showed divergent movements, reflecting shifting supply conditions and easing geopolitical risks.

Energy and bulk commodities surged, including:
- LNG, coal, and aluminium, driven by supply constraints and robust demand.
Oil and gold declined, as improved geopolitical sentiment reduced safe‑haven demand and supply concerns eased.
Soft commodities diverged, with coffee rising strongly, while cocoa fell sharply due to improved supply conditions.

PNG Local Market

PNG markets remained steady with moderate activity, supported by continued liquidity but still concentrated in key stocks.

Stock Market:
- Total turnover reached approximately K11.07 million with 2.67 million shares traded.
- BSP dominated trading, contributing about K6.11 million (~55% of total value).
- Price movements were modest, with:
  - PLC (+3.57%) and KSL (+1.02%) leading gains
  - Smaller gains in KAM and STO
  - BSP, CCP, and CPL unchanged
- Trading volumes were highest in PLC and KSL, while value concentration remained heavily skewed toward BSP.
Corporate Update:
- Kina Asset Management (KAM) reported its NTA per share at K2.19 as at 31 May 2026.

Treasury Bills

Treasury bill issuance totalled K480 million, with a strong focus on longer‑term (364‑day) securities.
Short‑term yields declined, while long‑term yields edged higher slightly, indicating mixed rate movements.
Market liquidity remained strong, with maturing bills (K474.3m) close to issuance levels, supporting stable demand and participation.

Overall Takeaway

Global markets reflected a transition toward more balanced conditions, with easing geopolitical risks supporting developed markets, while technology‑driven weakness weighed on Asia. Commodities remained volatile, led by strong energy gains. In PNG, markets remained stable with moderate activity and continued concentration in BSP, while strong liquidity and steady treasury demand reinforced investor confidence.

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For a detailed breakdown of market performance, economic data, and treasury auction results, download the complete report.