Kina Securities Stock indices were unchanged for first trading day of the week without any major PNG news over the weekend. The main index or the KSi remained flat at 3,625.90 points while the Kina Securities Home index, the KSHi, closed stable at 9,480.12 points.
All five Stocks that traded for the day were unmoved.
Oil Search Limited (OSH) and Kina Petroleum Ltd (KPL) traded at K17.50 & 75 toea respectively, followed by the financials, Bank South Pacific Ltd (BSP) at K7.19 flat and, Credit Corporation Ltd (CCP) at K2.55 even. Kina Asset Management Ltd stayed at K1.03.
A total of 15,951 shares traded worth K48,804.43 were recorded for Monday’s session.
In overseas, the U.S. stock market ended the week in rally mode Friday. The Dow Jones Industrial Average jumped 91.06 points (+0.51%) to 17,810.06 points, sparked by a surprise dose of interest-rate cut launched by China’s Central Bank and dovish comments from European Central Bank on Friday. U.S. equities recorded their fifth-straight week of gains. Meanwhile, the Japanese stock market was closed today to observe Labour thanksgiving day. The Australian share market closed more than 1 per cent higher, surging on the back of China’s surprise interest rate cut over the weekend, which sent mining stocks soaring. By close of market today, the benchmark S&P/ASX200 index rose 57.5 points (+1.08%) to 5,361.80 points.