KSi Daily Report: Monday, 03 November 2014

POMSoX stock opened the month of November on a negative note as four out of six stocks that traded ended in red. The Kina Securities main index KSi fell 10.80 points or 0.28% at 3,791.35 points. Likewise, the home index KSHi was down 15.91 points or 0.15% at 9,877.16 points.

New Britain Palm Oil Ltd (NBO) led the losers as the agricultural stock closed 5 toea lower at K27.95, followed by Kina Asset Management Ltd (KAM) at K1.00, down 6 toea. Meanwhile, City Pharmacy Ltd (CPL) fell 3 toea to K1.44 and Oil Search Ltd (OSH) sliced off a toea at K19.21.

Newcrest Mining Ltd (NCM) and Bank South Pacific Ltd (BSP) ended unchanged at K24.00 and K7.12 respectively.

Monday’s trading session recorded a total of 19,049 units worth K90,727.26.

In markets abroad, the U.S. stocks rallied on Friday, sending the Dow Jones Industrial Average into record territory, after a surprise stimulus plan from the Bank of Japan was announced. The DJIA rose 195.10 points or 1.13% at 17,390.52 points. Japan stock market were closed today to observes sports day. Meanwhile, the Australian share market has closed weaker as softer commodity prices hit the big miners and Woolworths delivered disappointing sales growth. By close of Monday, the benchmark S&P/ASX200 index was down 19.7 points, or 0.36% to 5,506.90 points.

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