KSi Daily Report: Friday, 15 April 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 4,105.20 points and likewise, the Home index or KSHi was at 9,187.21 points.

Kina Securities Ltd (KSL), the dual-listed financial and banking stock was maintained at K2.20 in PNG stock market. In ASX, it closed 2cents higher at 94cents.

In US markets, The Dow eked out a modest advance in overnight trading to notch new 2016 highs, overcoming disappointing bank earnings as a drop in unemployment claims pointed to strength in the jobs market. The Dow Jones Industrial Average advanced 18.15 points, or 0.1%, to close at 17,926.43 points as shares of J.P. Morgan Chase & Co. powered the index for a second session. In Aisa, Profit taking in most sectors forced Japan’s Nikkei share average a little lower on Friday, after sharp rallies over the past few days. The Nikkei retreated 63.02 points or 0.37% to 16,848.03 points. The Australian share market closed higher for a fourth consecutive day, bolstered by gains in resource giants BHP Billiton and Woodside Petroleum, plus retailers Wesfarmers and Woolworths. By close of market today , the benchmark S&P/ASX 200 index was up 38.9 points, or 0.76% at 5,157.50 points.

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