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KSi Daily Report: Friday, 03 July 2015

Both Kina Securities Indices suffered slight losses as two out of four stocks that traded fell after close of Friday’s session. The Main Index KSi shed 1.09 points or 0.03% to end at 3,555.01 points. Likewise, the Kina Securities Home Index KSHi d 2.63 (-0.03%) to 9,765.63 points.

The retreat was caused by City Pharmacy Ltd (CPL), the sole listed pharmaceutical stock gave up a toea to close at K1.46, and Oil Search limited (OSH), PNG’S largest oil and gas producer reducing a toea at K15.99.

Other stocks traded however remained unchanged were Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K7.45 and K2.50 respectively.

A combined volume of 31,199 units of shares traded with a valued K111,8 were recorded.
In overseas news, New York’s Dow Average ended at 17,730.11, down 27.80 points (-0.16%) on a weekend Greek national vote on the referendum. Japan’s Nikkei share average inched up on Friday, as caution ahead of the vote limited overall action. The Nikkei share average rose 0.1 percent to 20,539.79 points. The Australian share market closed one per cent lower ahead of the same weekend development. At the close on Friday, the benchmark S&P/ASX200 index was 61.5 points, or 1.1% lower at 5,538.30 points.

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