KSi Daily Report: Monday, 30 June 2014

POMSoX trading stocks were active as seven stocks were traded today. Kina Securities indices edged to close the month on positive note. The KSi managed to pick up a mere 0.10 points at 3,717.68 points while Home Index KSHi added 1.71 points to 7,918.94.

Today’s session registered a stock that gained versus one that lost.

New Britain Palm Oil Ltd (NBO) added a toea to close at K15.07 as the sole listed agricultural stock’s positive movement contributed to the gains for both indices.

Unmoved stocks for the day included Bank South Pacific Ltd (BSP) that closed at K7.40, while Credit Corporation Ltd (CCP) finished at K2.70 flat. Kina Asset Management Ltd (KAM) and Oil Search Ltd (OSH) both closed steady at K1.07 and K19.50 respectively. Marengo Mining Ltd (MMC) ended even at 11 toea.

The session’s trading recorded a considerable volume of 156,636 shares with monetary value of K247,094.47.

In overseas news, a late-afternoon rally on Wall Street led by tech and small companies sent U.S. stocks into positive territory on Friday. At the close, the Dow Jones Industrial Average added 6.36 points or 0.035 to 16,852.49 points. On Monday Asian stocks were mixed with the Japanese benchmark Nikkei finishing 67.10 or 0.44% higher to 15,134.71 despite concerns over possible slowdown in consumption after a tax hike in April limited investors’ appetite. However, the Australian share market was slightly lower as investors wait for more signs on the economy’s health. The benchmark S&P/ASX200 index went down 49.40 points, or 0.91% to 5,395.70 points as financial year ended today.

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