KSi Daily Report: Friday, 09 January 2015

Both Kina Securities stock indices gained grounds to conclude high after POMSOX trading closed Friday. The Main Index KSi collected 4.65 points to 3,449.42 points while the Home index KSHi surged 85.04 points or 0.90% to end at 9,549.93 points.

The session recorded a stock that gained with no losses.

The advances of indices was attributed to the home-listed agricultural stock New Britain Palm Oil Ltd (NBO) which registered a gain of 50 Toea to K26.00.

Meanwhile, Bank South Pacific Ltd (BSP) led the unchanged stocks for the session closing t K7.13 flat followed by the miners Newcrest Mining Ltd (NCM) and Marengo Mining Ltd (MMC) were unchanged K24.00 and 5 toea respectively.

The day’s trading registered a total of 65,265 shares valued at K57,802.19.

U.S. stocks ended overnight sessions with the largest advance in three weeks, as two days of steady oil prices along with better job gains helped further fuel a buying frenzy begun Wednesday. The Dow Jones Industrial Average jumped 323.35 points, or 1.8%, to 17,907.87 points with all 30 of its components advancing. In Japan, The Nikkei rose for a third day on Friday on growing confidence in the U.S. economy and hopes of aggressive stimulus steps in Europe. The Index advanced 30.63 points or 0.1% to end at 17,197.73 points. Similarly the S&P/ASX200 of ASX lifted 84.10 points or 1.56% at 5,465.60 points as the Australian shares shot up on Friday, on the back of wall street gains.

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