KSi Daily Report: Friday, 12 February 2016

There was no trade done on POMSOX today, and thus both Kina Securities stock indices stayed unchanged. The main index or KSi remained at 3,351.29 points and likewise, the Home index or KSHi was at 9,359.99 points.

Kina Securities Ltd (KSL), the dual-listed financial and banking stock was maintained at K2.40 in PNG stock market. In ASX, it closed 1.5c lower at 88c.

The Dow Industrials rang up their fifth losing day in a row, falling amid a global rout led by tumbling oil prices and losses in financial stocks. DJIA sliced 254.56 points or 1.60% to 15,660.18 points. Japan’s Nikkei share average fell more than 5 percent to a fresh 16-month low on Friday at 14,997.71 points, down by 715.68 points or 4.55%. Australian share market was down driven by widespread falls led by the banks. Benchmark index S&P/ASX 200 was down 55.73 points or 1.16% to 4,765.35 points at the close of market.

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