KSi Daily Report: Thursday, 18 February 2016

Thursday’s POMSOX trading session saw both Kina Securities stock indices headed in opposite directions. The main index or the KSi gained 19 points or 0.57% to close high at 3,369.98 points. The Kina Securities Home index, KSHi declined 6.66 points or 0.07% to 9,343.48 points.

One stock fell compared to another that gained as the rest remained.

Winning stock for the day was Oil Search Ltd (OSH), up by 19toea to end high at K14.20. On ASX, the stock was closed at $7.38,up by 33c.

On the downside, financial stock Credit Corporation Ltd (CCP) shed a toea to end lower at K2.04.

Other stocks traded included Bank South Pacific Ltd (BSP) and junior mining explorer Highlands Pacific Ltd (HIG) at K7.49 and 20toea flat respectively. BSP unsecured notes also traded at K25,500.

The day’s trading recorded a total volume of 208,901 shares valued at K234,662.56

U.S stocks closed higher in overnight trading on the back of new economic data and a rise in oil prices. The Dow Jones Industrial Average surged 257.42 points or 1.59% to 16,453.83 points. Japanese stocks rebounded on Thursday after better-than-expected U.S economic data and rising oil prices. The Nikkei share average rose 2.28% or 360.44 points to 16,196.80 points. Australian shares enjoyed their strongest gains in three months as the resources sector rallied on a rebound in oil prices. S&P/ASX 200 benchmark index climbed 109.90 points or 2.25% to 4,992.00 points.

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