KSi Daily Report: Tuesday, 19 April 2016

Kina Securities stock indices were mixed amid an active session on POMSoX Tuesday. The main index, the KSi managed to collect 3.02 points (+0.07%) at 4,108.22 while the Kina Securities Home index (KSHi) fell a mere 0.98 points (-0.01%) at 9,186.23 points.

One stock gained compared to an equal number of loss.
The gain to the main index was attributed to the positive performance of Highlands Pacific Ltd (HIG) at 25toea up 5toea.

On the down side, Kina Asset Management Ltd (KAM) closed a toea lower at 97 toea.

Stocks that traded even were Bank South Pacific Ltd (BSP) and Oil Search Ltd (OSH) at K7.50 and K15.00 respectively.

Tuesday’s session recorded a combined volume of 492,039 shares valued at K199,673.75.
In off-shore news, U.S. stocks closed higher in overnight trading as Wall Street shrugged off a drop in crude futures, after a closely watched meeting of major producers in Doha, Qatar, on Sunday failed to result in a hoped-for freeze of oil output. The Dow Jones Industrial Average rose 106.70 points, or 0.6%, to close at 18,004.16 points. Likewise, Japan’s Nikkei share average soared on Tuesday , as a weak yen and a bounce in oil prices helped the market erase a sharp drop from the previous day. The Nikkei rose 598.49 points or 3.68% to 16,874.44 points at close of market. The Australian share market has eased slightly following strong early trading, but is still higher, stoked by resource and energy stocks. The benchmark S&P/ASX200 index jumped nearly 1.5 per cent in early trade on Tuesday, only to fall back slightly as the morning progressed. Tuesday, the benchmark S&P/ASX200 index was up 60.9 points, or 1.19% at 5,198 points.

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