KSi Daily Report: Thursday, 26 June 2014

Thursday’s trading on POMSOX was modest as four stocks were crossed. The Kina Securities Main index was down, shedding 19.32 points or 0.25% to close at 3,679.95 points. Meanwhile, the Home Index or KSHi gained 319.42 points or 4.20% to 7,918.64 points.

Only one stock gained compared to one that lost.

Bank South Pacific Ltd (BSP) was the sole winner, registering a few trades at K7.40, up by 60 toea.

Portfolio management company Kina Asset Management Ltd (KAML) was unmoved at K1.70.

Bank South Pacific Unsecured Notes was traded at K28,000.00.

On the downside, leading oil and gas company Oil Search Ltd (OSH) traded at K19.07, 43 toea lower.

The session registered share volume of 103,340 units worth of K170,798.19.
U.S stocks gained in overnight trading, recovering from a weak first-quarter economic performance. The Dow Jones Industrial Average rose 49.38 points or 0.29% to end at 16,867.51 points. Asian stocks rose with the regional benchmark index headed for its biggest gain this week. Japan’s Nikkei share average climbed 42 points or 27% to 15,308 points, helped by better performance on Wall Street. In the Australian share market, stocks closed higher recovering from losses earlier this week. The benchmark S&P/ASX 200 surged 62.30 points or 1.15% to close at 5,464.30 points today.

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