KSi Daily Report: Friday, 09 December 2016

Friday’s POMSOX trading ended the week on a moderate trading session as one stock index closed up. The Kina Securities Main index KSi rose 0.24 points to end at 4,814.07 points while the Kina Securities Home Index KSHi was steady at 10,635.11 points.

Dual-listed banking and financial stock Kina Securities Ltd (KSL) added 5toea to end higher at K2.60.

Oil Search Ltd (OSH) was the only other stock traded unchanged at K17.50.

The day’s trading transacted a total of 65,396 shares valued at K250,430.00.

In markets abroad, U.S stocks finished at records as the Dow Jones Industrial Average closed up 65 points or 0.3% at 19,614.81 points. Japanese stocks rose to their highest level in a year supported by Wall Street gains and solid buying of exporters on the back of a weaker yen. The Nikkei share average surged 206.25 points or 1.10% to 18,971.72 points. The Australian stock market was modestly higher following the overnight gains on Wall Street and also higher commodity prices which buoyed resources stocks. The S&P/ASX 200 benchmark index was up 17.10 points or 0.31% to 5,561.30 points.

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