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KSi Daily Report: Friday, 19 December 2014

POMSOX trading session traded mostly in negative territory despite extended rallies in overseas markets Friday. The Kina Securities Main index KSi shed 2.09 points to 3,450.75 points. Likewise the Kina Securities Home Index KSHi retreated 36.16 points or 0.38% to 9,517.71 points.

One out of five stocks that transacted lost against none that gained.

A Financial lender Credit Corporation Ltd (CCP) was the lonely stock shedding 10toea to end at K2.50.

Other stocks included unchanged, including a junior exploration cap miner Marengo Mining Ltd (MMC) and the largest bank in terms of market share, Bank South Pacific Ltd (BSP) ended flat at 5toea and K7.14 respectively. A portfolio management company Kina Asset Management Ltd (KAM) and Oil Search Ltd (OSH) ended at K1.00 and K15.50 even respectively.

Total shares registered were 129,228 shares valued at K66,905.68.

A surging U.S stock market rallied to its best two-day gains in three years as the market rose in overnight trading reacting to Switzerland’s surprise negative interest rate boost. The Dow Jones Industrial Average advanced 421.28 points or 2.43% to 17,778.15 points. Japanese stocks jumped on strong Wall Street set for slim weekly gain. The Nikkei share average climbed 411 points or 2.39% to 17,621 points. Australian shares also gained, despite oil stayed under pressure. The benchmark index S&P/ASX 200 surged 127.87 points or 2.45% to 5,338.65 points, earned largely from financials and miners sectors.

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