KSi Daily Report: Monday, 2 December 2013

The Kina Securities main stock index, the KSi, closed marginally higher today as one junior cap mining stock gaining ground.
The index ended up 0.74 points or 0.02% to 3,858.13 points. Meanwhile, the home index or the KSHi remained steady at the same level of 8,224.61 point amid a very thin trading POMSoX session.

There was a single gain versus none of other stocks that fell on POMSoX today.

Marengo Mining Ltd (MMC) recouped 1 toea to complete at 20 toea.

Bank South Pacific Ltd (BSP) finished at K8.00 flat, while City Pharmacy Ltd (CPL) and Oil Search Ltd (OSH) both closed strong at K1.95 and K17.31 respectively.

The day’s session recorded a low volume of 8,926 shares at a value of K40,034.74
In overseas share news, U.S. stocks closed mostly lower on Friday, pulling back from Wednesday’s pre-Thanksgiving record levels, but still achieved gains for the week and month with the Dow Jones Industrial average losing 10.92 points (-0.07%) at 16,086.41 points. The Japanese Nikkei stock average edged down 7.98 points (-0.05%) at 15,653.89 points in choppy trade on Monday as investors turned cautious over the market’s recent rapid pace of gains, ahead of major U.S. economic data due this week. Australia’s S&P/ASX 200 also declined, down 40.50 points (-0.76%) at 5,279.50 points to a six-week low despite better-than-expected Chinese manufacturing data

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