KSi Daily Report: Thursday, 24 December 2015

POMSoX trading edged higher on thin trading ahead of Christmas Day. The main index, the KSi collected 76.65 points or 2.24% at 3,491.55 points Likewise, the Kina Securities Home index, the KSHi was also up by 25.73 at 9,592.00 points.

Two stocks gained with no other movements.

Credit Corporation Ltd (CCP) was up 4 toea at K2.24 followed by Oil Search Ltd (OSH) added 75 toea at K14.80 after recovering yesterday’s losses. The Duel listed oil and gas stock rose following stronger ASX prices and a rebound in world oil prices.

Thursday’s session closed earlier at 1:00pm with a total of 1,280 units traded worth K13,317.12.
In Overseas news, U.S. stocks closed higher for a third straight session in overnight led by outsize gains in the energy and materials sectors with The Dow Jones Industrial Average gaining 185.34 points, or 1.1%, to 17,602.61 points. The Australian share market has jumped more than one 1% in early trade on Christmas eve, helped by a rally on Wall Street and a rebound in oil prices. At close of market today, the benchmark S&P/ASX200 index was up 63.40 points, or 1.23% at 5,205.20 points.

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