KSi Daily Report: Tuesday, 18th October 2016

Tuesday’s trading session saw one stock index climbing while another maintained. The Kina Securities Main index was up 5.06 points or 0.11% at 4,774.22 points. Meanwhile, the Kina Securities Home Index KSHi was steady at 10,629.25 points.

Dual-listed energy stock Oil Search Ltd (OSH) finished 5toea higher closing at K17.10.

Stocks however traded unchanged were banking and financial stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K8.95 and K1.90 flat respectively.

Today’s POMSOX trading session transacted a total of 19,288 shares valued at K163,200.25.

U.S stocks finished lower as warnings about accelerating inflation coupled with crude-oil trading below $50 a barrel. The Dow Jones Industrial Average fell 51.98 points or 0.3% to close at 18,086.40 points. In Tokyo, Japanese stocks edged up helped by buying stocks which are sensitive to domestic demand as the Nikkei rose 63.49 points or 0.38% at 16,963.61 points. The Australian stock market was modestly higher following the losses in the past few sessions and tracking the negative lead overnight from Wall Street. The benchmark S&P/ASX 200 rose, adding 12 points or 0.22% to 5,482.90 points.

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