KSi Daily Report: Monday, 18 May 2015

The Kina Securities main index opened the week on a positive note as two home stocks advanced. The KSi added 1.39 points (+0.04%) to 3,607.98 points while the home idex collected 43.96 points or 0.45% at 9,807.09 points.

Two stocks gained on POMSoX, against none that lost.

City Pharmacy Ltd (CPL) led the gains adding an impressive 13 toea to close at K1.60, followed by another home stock Bank South Pacific Ltd (BSP) at K7.42, up 1 toea.

Other stocks that traded remained unchanged. Credit Corporation Ltd (CCP) closed at K2.55 while Oil Search Ltd (OSH) and Newcrest Mining Ltd (NCM) stayed at K16.50 and K25.00 respectively.

Monday’s trading on POMSoX registered a combined volume of 72,518 shares worth K344,165.71.

In overseas news, U.S. stocks ended the day’s choppy session marginally higher Friday with the main indexes eking out weekly gains. The Dow Jones Industrial Average added 20.32 points, or 0.1%, to 18,272.56 points. Japan’s Nikkei share average rose on Monday to a near 3-week high, bolstered by gains in the insurance sector after Dai-ichi Life announced higher shareholder payouts. The Nikkei 225 ended 157.35 points(+ 0.8%) higher at
19,890.27, the highest closing level since April 28. The Australian share market has closed lower, giving back last week’s gains amid a sell-off of bank and consumer discretionary stocks. At the close on Monday, the benchmark S&P/ASX200 index was 76.3 points or 1.33% lower at 5,659.20 points.

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