KSi Daily Report; Tuesday, 07 October 2014

Tuesday’s POMSOX trading session saw both Kina Securities Indices ending the day on a positive territory, aided by a main agricultural stock. . The main index KSi added 4.62 points to 3,732.40 points. Likewise, the Home Index KSHi advanced 79.94 points or 1.04% to 7,800.62 points.

There was one that fell against another that gained today.

Heavily weighted agricultural stock New Britain Palm Oil Ltd (NBO) contributed to the positive gains both the Kina Securities indices. The stock traded at K15.50, up by 50 toea. The stock has fallen about 12% in London bourse last week apparently due to negative reaction to the fallout of Sime Darby deal.

Stocks that remained unchanged for the day were led by junior cap mining stock Marengo Mining Ltd (MMC) and retail stock City Pharmacy (CPL) 8 toea and K1.48 respectively. Oil Search Ltd (OSH) ended at K19.22 and Credit Corporation Ltd (CCP), K2.60 flat. Meanwhile portfolio management stock Kina Asset Management Ltd (KAM) registered at K1.07 unchanged.

Total shares recorded on today’s session were 135,620 units at a monetary value of K284,264.39.

In overseas markets, U.S stocks volatile session ended lower as investors booked profits after last week’s rally. The Dow Jones Industrial Average was down 17.78 points or 0.10% at 16,991.91 points. Asian stocks headed for a two-day gain as information technology and materials companies advanced. The Nikkei clawed back losses as the Nikkei share average fell 107 points or 0.67% to 15,784 points in Tokyo. Australian stock market traded notably lower with investors pressing sales ahead of Central Bank’s rate decision. The benchmark S&P/ASX 200 fell 8.71 points or 0.16% to 5,284.20 points.

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