KSi Daily Report: Thursday, 11 December 2014

The Kina Securities indices fell significantly lower after POMSoX closed today. The main Kina Securities index, the KSi, retreated 308.98 points (-8.57%) to 3,295.49 points. Likewise, the Home index or the KSHi slumped 368.10 points (-3.72%) to conclude the session at 9,528.12 points.

Two stocks fell losses compared to none that gained, including a debt stock.

New Britain Palm Oil Ltd (NBO) caused the heaviest damage to the Kina indices as the stock ended at K26.00, after giving away K1.94 at the close. It was followed by Bank South Pacific Ltd (BSP) which closed at K7.12, down 7 toea.

Credit corporation Ltd (CCP) traded unchanged, ended steady at K2.55. City Pharmacy Ltd (CPL) closed K1.44 flat while Oil Search Ltd (OSH) registered a few trades at K17.00 even.

BSP Unsecured Notes (BSPHA) ended the session at K26,000.00 unchanged.

Thursday’s trades registered a combined volume of 44,574 shares at a monetary value of K319,431.72

Overnight U.S. stocks suffered their worst declines in about two months as a renewed slump in oil prices signalled a more worrisome global-economic slowdown. The Dow Jones Industrial Average dropped 268.05 points, or 1.5%, to 17,533.15. Similarly, Japanese stocks sagged to a 2-week low on Thursday, as a stronger yen, falling oil prices and downbeat machinery data dampened risk appetite. In its third consecutive day of losses, the Nikkei average fell 155.18 points or 0.89% to 17,257.40, its lowest since late November. In Australia, ASX shares followed the downward trend as the benchmark S&P/ASX200 fell 28 points or 0.53% to 5,231.00 points despite rally in Telstra shares and better-than-expected jobs data amid hefty drop in the energy sector.

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