KSi Daily Report: Friday, 13 November 2015

Both Kina Securities stock indices gained on the last trading day of week amid a thin trading session, despite overseas sell-off on falling commodity prices. The Main index or KSi added 2.79 points (+0.08%) to 3,551.26 points while the Home index or KSHi collected 88.65 points (+0.93%) at 9,655.42 points today.

Friday’s session registered a gain with none that fell on POMSoX.

A leading banking and finance stock, Bank South Pacific Ltd (BSP) recouped 9 toea at K7.44.

Meanwhile, Credit Corporation Ltd (CCP) was flat at K2.40. In ASX, Kina Securities Ltd (KSL) ended at $1.17, -1c with trading volume of 21,506 units. In POMSoX, the stock was untraded at K2.60.

Total shares that were traded today were 26,076 units which valued K75,576.15.

U.S stocks tumbled lower as tanking oil prices underpinned a selloff in the energy and materials sector. The Dow Average snowballed 254.15 points or 1.44% lower to 17,448.07 points. Japanese stocks also slided snapping a seven-day winning streak after sharp drop in Wall Street as commodity stocks weigh. The Nikkei share Average declined 109.13 points or 0.55% to 19,588.64 points. The S&P/ASX 200 Index lost 74.39 points or 1.45% to 5,051.30 points as Australian stocks broadly lower, tracking weak lead overnight from overseas markets and the fall in commodity prices.

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