KSi Daily Report: Thursday, 05 February 2015

The Kina Securities main stock index KSi closed marginally lower today with one small cap miner losing ground. The index ended almost flat at 3,591.98 points. meanwhile, the home index KSHi remained steady at 9,575.98 points.

The sole stock that lost for the session: Highlands Pacific Ltd (HIG) at 14toea, down a toea.

Bank South Pacific Ltd 9BSP) traded unchanged at K7.35. Oil and gas stock Oil Search Ltd (OSH) at K17.00 flat.

A total of 8,024 units were traded worth K79,657.88 for today’s session.

In off-shore markets, a late-stage rebound in U.S. stocks after ECB said that it is lifting a waiver on using Greek debt as collateral. The Dow Jones Industrial Average erased a 110-point gain and finished marginally higher, up 6.62 points at 17,673.02. In Asia, Japanese shares dipped on Thursday on news of the European Central Bank’s hard-line stance on Greek debt and fresh falls in oil prices, while investors took profits after unsurprising earnings. The Nikkei share average dropped 173.91 points or 0.99% to 17,504.91 points turning negative on the week. However, Australian shares recorded an eleventh day of gains, as CBA extended its rally and Westpac and ANZ reach record highs, offset by losses in miners and energy stocks. The benchmark S&P/ASX 200 rose 33.70 points or 0.58% to 5,811.00 points the highest close since May 2008.

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