KSi Daily Report: Monday, 19 December 2016

Monday’s POMSOX trading session was rather quiet as both stock indices were unmoved amid light trading. The Kina Securities main index KSi was steady at 4,815.68 points and the Kina Securities Home Index was unchanged at 10,641.78 points.

Dual-listed energy stock Oil Search Ltd (OSH) was the only stock traded today. The stock closed flat at K17.50 with a recorded volume of 500 shares at a monetary value of K8,750.00.

In off-shore market news, U.S stocks slipped as the Dow Jones Industrial Average shed 8.83 points or 0.04% to end lower at 19,843.41 points. Japanese stocks fell snapping a nine-day rally as a pullback on Wall Street, prompting investors to cash in on outperformers such as exporters and banks. The Nikkei share average shed 11.53 points or 0.06% to 19,389.62 points. The Australian stock market ended higher on Monday, pushed up by financials and energy stocks after rating agencies shrug off budget deficit forecast. The S&P/ASX 200 closed 0.53% or 29.17 points higher at 5,562.10 points.

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