KSi Daily Report: Friday, 08 May 2015

Both Kina Securities Indices remained on the same note as yesterday, closing unchanged for the second straight session. The main index stayed at 3,606.81 points and likewise, the home index or KSHi ended at 9,770.36 points.

All stocks traded today were unmoved.

Bank South Pacific (BSP) led the trading at K7.42 with Credit Corporation (CCP) closing at K2.55. Oil Search Ltd (OSH) ended steady at K16.50 flat despite ASX prices moving further lower to $7.57, down 26 cents.

The day’s trading recorded a total of 28,853 units with a monetary value of K118, 586.98.

In overseas, U.S. stocks closed higher ahead of jobs report, recovering some of the losses from the previous two sessions, as turbulence in bond markets in the U.S. and in Europe appeared to subside. The Dow Jones Industrial Average gained 82.08 points, or 0.5%, to 17,924.06 points. Similarly, Japan’s Nikkei share average rose 87.20 points of 0.42% at 19,379.19 points on Friday on strong profits forecast in Nintendo Co. However, the Australian share market has closed slightly lower, with bargain hunters moving in after two days of sharp falls. By close of market today the benchmark S&P/ASX200 index was at 5,634.60 points after declining a mere 11.10 points (0.20%).

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