KSi Daily Report: Friday, 02 January 2015

POMSOX trading on Friday began the year 2015 in thin volume but ended lower. Both Kina Securities Indices retreated caused by a banking stock. The Main index KSi shed 0.62 points or 0.02% to 3,496.26 points and likewise, the Home Index KSHi dipped 10.64 points or 0.11% to 9,544.63 points.

Three stocks transacted today amongst one stock lost compared to none that gained.

PNG’s leading bank, Bank South Pacific Ltd (BSP) registered a few trades at K7.12, down by 2toea. The stock registered 2,404 units done valued at K17,116.48.

Other stocks included junior cap explorer Marengo Mining Ltd (MMC) ending at 5toea even, followed by another financial lending stock Credit Corporation Ltd (CCP) at K2.60 flat.

Today’s trading session recorded a total of 39,920 units or shares at a monetary value of K18,977.28.

U.S stocks fell, erasing December’s gains for the S&P/500 on Wednesday’s New Year Eve. The Dow Jones Industrial Average lost 160 points or 0.89% to 17,823.07 points. Asian stocks fell on low trading volume with the regions two largest market shut for holidays today. Japanese stocks ended 2014 on a down note on Tuesday and will be closed until next week. But Australia’s share market has finished its first session for 2015 as mining stocks recovered, with gains across all sectors. The benchmark index S&P/ASX 200 advanced 24.93 points or 0.46% to 5,435.93 points.

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