KSi Daily Report: Friday, 4 April 2014

Both Kina Securities Indices slipped back into positive on Friday after consecutive losses in last two days. The Main Index or KSi rose 1.83 points or 0.05% to 3,628.37 and the home index or KSHi completed at 8,132.38 points after collecting 1.41 points (+0.04%).

There was one gain registered on POMSoX compared to none that lost for the day.

City Pharmacy Ltd (CPL) added 1 toea to K1.95 followed by Oil Search Ltd (OSH) closing strong at K17.66, up 2 toea.

Stocks traded unchanged for the day included Bank South Pacific Ltd (BSP) which closed steady at K7.78. Another financial stock, Credit Corporation Ltd (CCP), ended at K2.70 flat.. New Britain Palm Oil Ltd (NBO) was also stable at K15.00.

Fridays’ session recorded a low volume of 18,742 shares with a total value of K121,821.53.

In New York, U.S stocks dipped in and out of negative territory and ended marginally lower breaking a four-day winning streak despite strong China manufacturing PMI data. The Dow Jones Industrial Average edged 0.45 points at 16,572.55 point. Asian stocks fluctuated at the end of a broadly positive week ahead of U.S jobs data. Japan’s Nikkei share average declined 0.05% at 15,064 points. Australian share market ended higher in quiet trade, also eyes on US unemployment figures this week. The benchmark S&P/ASX 200 closed a node high at 5,422.83 points, up 12.94 points or 0.24% today.

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