KSi Daily Report: Monday, 08 December 2014

POMSOX trading session opened the week amid average trading on Monday with both Kina Securities Indices remained unchanged. The Main index KSi closed steady at 3,607.56 points while the Home index KSHi ended at 9,860.66 points unchanged.

All three stocks that traded today closed flat.

Junior cap miner Marengo Mining Ltd (MMC) traded at 6toea even. Financial Bank South Pacific Ltd (BSP) and leading oil and gas stock Oil Search Ltd (OSH) closed at K7.12 and K17.05 flat respectively.

A total of 20,356 units transacted today worth K17,700.99.

In overseas, U.S stocks rose after a stronger-than-expected jobs report on Friday. The Dow Jones Industrial Average added 58.69 points or 0.33% to 17,958.79 points. Japanese stocks were steady in third quarter GDP figures and balanced hopes for exporters due to a weaker yen. The ruling party is expected to win in the coming snap election. The Nikkei share average added 15 points or 0.08% to 17,936 points. In Australia, the S&P/ASX200 Index collected 37.37 points or 0.70% to 5,372.71 as ASX stocks gained positive results from across most sectors with the Aussie dollar depreciated against most major currencies.

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