KSi Daily Report: Friday, 06 February 2015

Both Kina Securities stock indices gained grounds to end high for Friday’s POMSOX trading session. The main index KSi rose 69.49 points, or 1.93% to complete at 3,661.47 points. Likewise, the home index KSHi surged 414.80 points or 4.33% to 9990.78 points.

Two stocks gained against one stock that fell today.

Positive movement was attributed by the heavy weight agricultural stock New Britain Palm Oil Ltd (NBO) which closed at K27.95, adding K2.45. Dual listed mining stock Oil Search Ltd (OSH) rose by 50toea to end at K17.50, with boosts from the ASX market.

On the downside, Pharmacy cum retail stock City Pharmacy Ltd shed a toea ending at K1.39.

Mining stocks Marengo Mining Ltd (MMC) and Newcrest Mining Ltd (NCM) completed at 5toea and K24.00 flat respectively. Followed by Credit Corporation Ltd at K2.60 even and Bank South Pacific Ltd at K7.35. Kina Asset Management Ltd (KAM) closed at K1.00.

Friday’s total trades registered a combined volume of 150,567 shares valued at K139,567.00.

U.S stocks closed higher in overnight trading session, buoyed by a rebound in oil prices and upbeat quarterly earnings. The Dow Jones Industrial Average and the S&P 500 is being pushed into positive territory as the DJIA advancing 211.86 points (1.20%) to 17,884.88 points. Japanese shares rose on Friday after Wall Street gained and oil prices rebounded. The Nikkei share average rose 143.88 points (0.82%) to 17,648.50 points. Australians share market notched up its longest ever rally, with a 12th straight day of gains coming on strength in the mining and energy sector. The benchmark S&P/ASX 200 surged 9.20 points (+0.16%) to 5,820.20 points.

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