KSi Daily Report: Friday, 30 January 2015

Both Kina Securities Indices gave up yesterday’s gains after a key mining stock declined on POMSOX trading Friday. The main index KSi withdrew 100.33 points or 2.79% to 3,491.32 points. Likewise the Kina Securities Home Index KSHi slumped 110.92 points or 1.16% to 9,464.54 points.

A loss was registered on POMSOX against none that gained.

Bank South Pacific Ltd (BSP) was unchanged maintaining its steady price at K7.14, and portfolio management stock Kina Asset Management Ltd (KAM) ended flat at K1.00.

The mining stock Oil Search Ltd (OSH) was traded K1.00 lower, closing at K16.00.

Today recorded a total volume of 19,257 shares at a value of K151 871.00.

In market abroad, U.S. stocks rallied into the close and ended the overnight session with solid broad-based gains. The Dow Jones Industrial Average 225.48 points, or 1.3%, to 17,416.85 points, on the back of rebounding oil prices as stocks have been closely tracking crude-oil futures, lately. In Aisa, Japan’s Nikkei share average rose 683.17 or 0.39% at 17,674.39 points on Friday after strong company earnings in the US. The Australian benchmark S&P/ASX 200 Index On Friday added 18.80 points or 0.34% at 5,588.30 points , supported by the big banks and Telstra amid growing expectations of an RBA rate cut as early as Tuesday.

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