KSi Daily Report: Tuesday, 13 January 2014

POMSOX was active with moderate volume on Tuesday, with both Kina Securities Indices ending in mixed zones. The main index KSi gained grounds, advancing 89.87 points or 2.61% to 3,539.29 points, while the home index KSHi lost 86.46 points or 0.91% to 9,463.47 points.

There were two stocks that gained compared to two stocks that lost.

Winning stocks for the day were big miners, Oil Search Ltd (OSH) and Newcrest Mining Ltd (NCM) closing at K16.00, +50 Toea and K25.00, +K1.00 respectively.

On the downside, agricultural stock New Britain Palm Oil Ltd (NBO) registered at K25.50, down by 50toea. Cum retail stock City Pharmacy Ltd (CPL) ended lower K1.43, shedding 1toea.

Other stocks included financials Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were traded at K7.13 and K2.60 respectively, both unchanged.

Total shares recorded were 99,900 shares at value of K31,422.92.

U.S stocks ended lower on Monday as continued market focus on the potential for a quantitative easing program in Europe and crude oil prices hit fresh lows. The Dow Jones Industrial Average fell 96.53 points or 0.54% to 17,640.84 points. Japan’s Nikkei share average fell on weak oil prices but losses were trimmed by pause in strong yen. The Index was down 110 points or 0.64% to 17,088 points. Likewise, the S&P/ASX 200 shed 18.01 points or 0.33% to 5,404.69 points as ASX shares lost ground after another round of oil-related falls on Wall Street overnight.

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