KSi Daily Report: Thursday, 12 March 2015

Thursday’s POMSOX trading session closed unchanged for a consecutive session. The Kina Securities main index KSi maintained at 3,648.69 points while the Kina Securities home index KSHi was stable at 9,744.14 points.

Three stocks were traded unchanged for today’s session.

Leading financial stocks in terms of market capitalization Bank South Pacific Ltd (BSP) recorded a total volume of 4,574 units valued at K35,088.90. Oil Search Ltd (OSH) closed unmoved at K17.01 flat.

Today’s trade registered a total of 6,051 shares at a share worth of K56,810.67.

U.S stocks closed slightly lower on Wednesday, following a sell-off in the previous session rising dollar and growing expectations of a Fed rate hike saw the Dow Jones post its biggest drop in five months. The DJIA fell 27.55 points or 0.16% to 17,635.39 points. The Nikkei posted its biggest daily gain in a month as investors chased the market higher before futures settlement. Japan’s Nikkei surged 267.59 points or 1.43% to 18,991.11 points. Australian shares recovered losses with biggest gain in months as the market surged on upbeat jobs data. The S&P/ASX 200 rose 57 points or 1.44% to 5,850.20 points at the close of market.

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