KSi Daily Report: Monday, 23 November 2015

The Kina Securities main index opened the week on a positive note as one key home stock advanced. The KSi collected 2.84 points (+0.08%) to 3,570.35 points and the Home Index or KSHi added 59.10 points or 0.61% at 9,714.52 points.

Three stocks were traded. Only one stock gained on POMSoX, against none that lost.

The Index advances were mainly attributed to the strong performance of a key home bank stock, Bank South Pacific Limited (BSP) that rose 6 toea to K7.50, highest for the year.

Stocks traded unchanged were Credit Corporation Ltd (CCP) at K2.40, followed by dual-listed oil and gas stock, Oil Search Ltd (OSH) at K16.00. The ASX stock gained 13c to $8.33 on five consecutive session’s advances.

Monday’s trading on POMSoX registered a low volume of 34,253 shares worth K91,871.24.

The Dow Jones Industrial Average rose 91.6 points or .51% to 17,823.81 points on Friday, as U.S stocks led by the retail sector after a series of strong earnings results helped boost the stock benchmark indices. Japanese stocks ended marginally higher, extending gains into a fourth session. The Nikkei Average rose 20 points or 0.10% 19,879.81 points. Australian shares closed higher as investors continued to gain confidence despite more weakness in the resources sector. At the close, the S&P/ASX 200 Index was 2.28 points or 0.39% higher to 5,276.42 today.

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