KSi Daily Market Report: Tuesday, 27 January 2015

Trading on POMSOX was modest as three stocks were crossed on Tuesday. The Kina Securities main index KSi was unmoved at 3,585.30 points while the Kina Securities home index KSHi was steady at 9,459.23 points.

Three stocks that traded today were unmoved.

Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) both traded at K7.14 and K2.60 respectively. The financial stocks were steady supported by their ongoing share buyback programs. Oil Search Ltd (OSH) closed at K17.00 even.

POMSOX registered a total of 6,242 units traded worth K76,533.00.

In markets abroad, U.S stocks ended mostly higher after a choppy session as investors shrugged off the Greek election results. The Dow Jones Industrial Average added 6.10 points or 0.03% to 17,678.70 points. In Asia, the Nikkei hit a 4-week high on Greece election relief, stimulating hope. Japan’s Nikkei share average advanced 300 points or 1.72% to 17,768 points. The ASX market closed flat since last week’s stellar gains, as investors fears of the turmoil in euro zone that leftist victory in Greece would bring. The benchmark S&P/ASX 200 rose 45.41 points or 0.83% to 5,547.23 points.

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