KSi Daily Report: Tuesday, 10 November 2015

Both Kina Securities indices retreated as two out of four stocks that traded declined on close of Tuesday’s session on POMSOX. The Main Index KSi dropped 21.32 points or 0.59% to close at 3,599.94 points. Likewise, the Kina Securities Home Index KSHi fell 88.65 points or 0.92% to 9,566.77 points.

A leading financial stock, Bank South Pacific Ltd (BSP) closed lower at K7.35, down by 9 toea. New Guinea Energy Ltd (NGE) was first traded today for the year of 2015, but the stock declined 7 toea to end at 3 toea.

Credit Corporation Ltd (CCP) was unchanged at K2.40, and Oil Search Ltd (OSH) maintained at K16.00 flat.

A combined volume of 27,540 units of shares valued at K75,017.52 was recorded.

U.S. stocks ended the overnight session with their sharpest decline in six weeks as The Dow Average lost 179.85 points, or 1%, to 17,730.48 with 28 of its 30 components finishing lower, as Wall Street braced for an interest-rate hike. However, Japan’s Nikkei edged up to a 2-1/2-month high on Tuesday as Yen weakened against the USD. The Nikkei share average ended 0.2% higher, or up 28.52 points, to 19,671.26. Meanwhile, The Australian shares closed lower following negative leads from global equity and commodity markets. By close of market today the S&P/ASX200 was down 20.30 points or 0.40% at 5,099.20 points.

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