KSi Daily Report: Friday, 22 May 2015

POMSOX trading session on Friday was moderate with the Kina Securities stock indices ending unchanged. The Kina Securities main index KSi was steady at 3,556.07 points and similarly the Home Index or KSHi was flat at 9,786.42 points.

All three stocks that traded today stayed the same.

Financial stock Bank South Pacific Ltd (BSP) registered few trades at K7.40. Meanwhile junior exploration stock Highlands Pacific Ltd (HIG) and mining stock Oil Search Ltd (OSH) both closed at 16toea and K16.00 respectively.

Today’s POMSoX session saw a total 69,671 shares traded at value of K492,382.92.

U.S stocks ended slightly higher overnight, sending the S&P500 to a fresh record. But the Dow Jones Industrial Average closed almost flat, just edging 0.34 points higher to 18,285.74 points. Likewise, Japanese stocks rose as the Bank of Japan wrapped up a two-day policy summit on Friday. The Nikkei share average rose 61.54 points or 0.30% to 20,264.41 points. The Australian stock market is up with modest gains following mining and energy stocks leading the gainers. The benchmark S&P/ASX 200 added 1.53 points or 0.03% to 5,663.80 points at the close of market today.

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