KSi Daily Report: Monday, 08 September 2014

Both Kina Securities Indices ended on a positive note attributed to a home stock that rose as POMSOX ended in active trading session. The Main Index KSi collected 17.05 points or 0.46% to end at 3,750.97 points. Likewise, the Home Index KSHi advanced 309.10 points or 3.90% to end at 8,242.66 points.

POMSOX registered two gains against equal losses for today’s trade.

The winners were led by a portfolio management stock Kina Asset Management Ltd (KAM) at K1.08, up by 8 toea. It was followed by an agricultural stock New Britain Palm Oil Ltd (NBO), adding K2 to K18.00, and both contributed to the increase Kina Securities indices.

The downfall came from Credit Corporation Ltd (CCP) as the financial stock gave up 10 toea to end at K2.60. Also, junior cap mining explore Marengo Mining Ltd (MMC) shed 1 toea to end lower at 7 toea.

Stocks unchanged for the day were City Pharmacy Ltd (CPL) and Oil Search Ltd (OSH) at K1.55 and K19.15 flat, followed by Bank South Pacific Ltd (BSP) at K7.20 even.

Today’s trading session registered a substantial volume of 127,614 shares valued at K103,554.14.

In markets abroad, U.S stocks recovered in overnight trading with as the Dow Jones Industrial Average advanced 67.78 points or 0.40% to end at 17,137.36 points on sound U. S. jobs data.. Asian stocks edged up as the Nikkei rose following U.S jobs data signaling low rates. Japan’s Nikkei share average climbed 36 points or 0.23% to end at 15,705 points. Australian shares closed lower despite the lead from Wall Street as the benchmark S&P/ASX 200 index at 21.72 points or 0.39% to end at 5,576.97 points today on falling iron ore prices continued to weigh on the market.

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