KSi Daily Report: Thursday, 06 November 2014

POMSOX trading was modest Thursday with both Kina Securities indices stayed unchanged. The main index KSi remained at 3,793.87 points while the Home Index KSHi was steady at 9,877.16.

Junior exploration stock Marengo Mining Ltd (MMC) led in terms of traded units at 7 toea. City Pharmacy Ltd (CPL) and Credit Corporation Ltd (CCP) were even at K1.44 and K2.60 respectively. Bank South Pacific Ltd (BSP) closed flat at K7.12 while Oil Search Ltd (OSH) unchanged at K19.15.

Total trade for today was 58,506 units traded at a monetary value of K37,443.74.

In markets abroad, U.S stocks reached record high following the Republican win in the US midterm elections. The Dow Jones Industrial Average advanced 100.69 points or 0.58% to 17,484.53 points. Japanese stocks sagged as investors closed positions following strong gains in the last three trading days. The Nikkei share average dropped 145 points or -0.86% to 16,792 points. Australian shares edged lower as weak job numbers weigh on the market by 11.77 points or 0.21% lower to 5,506.10 points at the close.

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