KSi Daily Report: Thursday, 08 September 2016

Thursday’s POMSOX trading session saw one stock index with a slight decline while the other was unmoved amid moderate trading. The Kina Securities main index KSi was down a mere 1.01 points or 0.02% at 4,805.67 points. Meanwhile, the Kina Securities Home Index KSHi was maintained at 10,347.20 points.

One stock declined versus nil gains.

PNG’s leading dual-listed energy stock Oil Search Ltd (OSH) was down by a toea to close lower at K17.50.

Bank South Pacific Ltd (BSP) was the only other stock traded unchanged at K8.80.

The day’s session registered a total of 4,487 shares valued at K77,487.20.

U.S stocks fell as the Feds report painted a positive image of the U.S economy, the Dow Jones Industrial Average added 9.00 points or 0.05% to 18,523.00 points. Japan’s Nikkei share average languished as financial stocks weakened after BOJ speech pressured financial shares as the Nikkei benchmark index slipped 53.67 points or 0.32% to 16,958.77 points. The Australian share market slid, pulled down by sharp declines across the materials sector as investors turn wary ahead of key Chinese data due later. The benchmark S&P/ASX 200 index was down 57 points or 1.05% at 5,367.20 points.

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