KSi Daily Report: Monday, 16 February 2015

On Monday, POMSOX’s close saw both Kina Securities Indices close in positive territory as the main index KSi collected 1.42 points or 0.04% to 3,603.24 points. The Kina Securities Home index KSHi followed the same uptrend, advancing a further 26 points or 0.27% to 9,798.09 points.

There were only three stocks that traded as POMSOX registered a gain versus nil losses.

Bank South Pacific Ltd (BSP) was the only major contributor to the positive movement of the indices as the stock climbed by 5toea to K7.45. The leading financial stock registered 1,115 trades at a tradable value of K8,306.75.

Meanwhile, Credit Corporation (CCP) and Oil Search Ltd (OSH) were traded unchanged today at K2.60 and K17.00 flat respectively.

Monday’s trading session registered a light volume of 2,173 shares valued at K19,092.75.

In New York, U.S stocks rose in overnight trading as the Dow Jones Industrial Average climbed 46.97 points or 0.26% to 18,019.35 points. The Nikkei jumped to multi-year highs on upbeat GDP data as the Nikkei share average advanced 91.41 points or 0.51% to 18,004.77 points. Likewise, the Australian share market closed stronger after a volatile day putting the benchmark index within the striking distance of the key 5900 threshold. The S&P/ASX 200 index was 11.2 points or 0.19% higher at 5,888.70 points.

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