KSi Daily Report: Tuesday, 15 March 2016

Tuesday’s session on POMSOX saw the Kina Securities main index, the KSi edged slightly higher, up 1.01 points (0.03%) at 3,781.12 points. The Home Index, KSHi, was flat at 9,120.58 points.

Three stocks traded with a gain against nil losses.

PNG’s leading oil and gas stock Oil Search Ltd (OSH) gained a toea to finish at K14.31.

Meanwhile, Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were traded unchanged at K7.50 and K1.70 respectively.

Tuesday’s trading recorded a total of 31,851 shares valued at K236,658.45.

In markets abroad, US stocks pared early losses to end mixed with the Dow logging its highest close of the year despite a drop in oil prices. The Dow Jones Industrial Average climbed 15.82 points or 0.09% to 17,229.13 points. Mining, energy and banking stocks pushed the Australian share market more than one percent lower amid profit taking. The benchmark index S&P/ASX 200 was 74.03 points or 1.43% lower to 5,111.43 points. Japan’s stock extended their decline after the central bank’s decision to leave its main policies unchanged pushed the yen higher. The Nikkei share average was down 116.68 points or 0.68% to 17,117.07 points.

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