POMSoX returned today from the Independence Holiday ending in negative amid a modest trading session. The main index, the KSi declined 3.11 points (-0.09%) to close low at 3,573.55 points. Meanwhile, the home index, the KSHi completed at 9,529.96 points, falling 98.50 points or 1.02%.
There was a single stock that fell on POMSoX with no gains.
The largest bank stock in market capitalization on POMSoX, Bank South Pacific Ltd (BSP), lost 10 toea to close at K7.30 amid a substantial trading volume of 220,387 shares valued at K1,608,825.10. The fall weighed on both indices.
Oil Search Ltd (OSH), the Oil & gas company closed K16.00 flat, followed closely by Credit Corporation Ltd (CCP) at K2.40 unchanged. Kina Securities (KSL) closed at K2.60, no trade for today. On ASX, the stock advanced 1.5c to $1.17.
In all, Thursday’s session recorded a considerable volume of 388,198 shares valued at K2,040,784.30
The Dow Average rose 140.10 points or 0.84% to 16,739.95 points, as U.S stocks advanced to finish near session highs Wednesday as investors avoided big bets a day ahead of the Fed’s heavily anticipated rate decision. Japan’s Nikkei share average rose for a third day to its highest in more than a week high after Wall Street gained. The Nikkei was up 258.26 points or 1.42% to 18,429.86 points. The Australian share market was buoyant with energy and resource stocks in solid positive territory. S&P/ASX 200 added 43.84 points or 0.86% to 5,142.70 points.