KSi Daily Report: Friday, 27 February 2015

Both Kina Securities stock indices were unchanged on the last trading day of February amid a modest trading session. The Kina Securities Main index, KSi remained at 3,650.73 points similarly the Home index, KSHi was unmoved at 9,798.62 points.

The unchanged was led by Bank South Pacific Ltd (BSP) at K7.45 followed by Oil Search Ltd (OSH) and Marengo Mining Ltd (MMC) at K17.00 and 4 toea respectively.

The day’s trading recorded a total volume of 177,594 shares with a monetary value of K18,429.79.

In off-shore markets, U.S. stocks closed mostly lower in overnight trading as downbeat economic data and a big drop in oil prices triggered a sell-off in energy stocks weighing on The Dow industrials Average. The DJIA closed off 10.15 points or 0.06% lower at 18,214.42 points, retreating slightly from the record level reached on Wednesday. In Japan, Tokyo share prices hit a fresh 15-year high on Friday on upbeat Japanese industrial output data, while the market awaited an announcement from the country’s biggest pension fund on its latest asset allocations. The Nikkei share average rose 12.15 points or 0.06% to 18,797.94 points. Likewise, The Australian share market has closed higher, ending the earnings season on a positive note, despite supermarket operator Woolworths dragging on sentiment. The benchmark S&P/ASX200 index was 20.3 points, or 0.34% higher at 5,928.80 points by close of market Friday.

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