KSi Daily Report: Thursday, 04 December 2014

Both Kina Securities Indices were on defensive as POMSOX ended amid quiet session on Thursday. The Kina Securities Main Index KSi shed 0.33 points to 3,605.01 points. The Home Index KSHi declined by 5.33 points (-0.05%) to 9,892.60 points.

Four stocks traded amongst which one that lost compared to nil gains.

A leading financial stock in PNG in terms of market capitalization Bank South Pacific Ltd (BSP) closed at K7.18, down 1toea in little trading volume.

A junior exploration cap miner stock Marengo Mining Ltd (MMC) and Kina Asset Management Ltd (KAM) registered some trades at 6toea and K1.03 flat respectively. Meanwhile, Credit Corporation Ltd (CCP) closed at K2.55 even.

Today’s trading session recorded 20,939 units of shares at a monetary value of K12,372.42.

U.S stocks finished mostly higher in overnight trading session after economic data bolstered confidence in the U.S economy. The Dow Jones Industrial Average rose 33.07 points or 0.18% to 17,912.62 points. Asia’s most benchmark indices rose following the strengthening U. S. dollar to its strongest level since 2007. Japanese stocks jumped high as weak yen drove exporter shares and supported by U.S economic optimism. The Nikkei share average advanced 146 points or 0.82% to 17,866 points. In Australia, ASX shares closed above the flat-line despite mixed performances from the sectors. The Aussie dollar traded near 0.84. The benchmark index S&P/ASX200 added 46.97 points or 0.88% to 5,368.79 points today.

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