KSi Daily Report: Tuesday, 20 October 2015

The Kina Securities stock indices were mixed on Tuesday with a few stocks traded on POMSoX. The main index, the KSi, added 9.92 points (- 0.28%) to 3,494.84 points. However, the Kina Securities home index or the KSHi shed 5.74 points (+0.06%), to end the day lower at 9,663.10 points.

One stock gained compared to an equal number of loss.

The advance in the main index was attributable to Oil Search Ltd (OSH) that edged at K15.25 up 10 toea.

The stock that was sold down was City Pharmacy Ltd (CLP), the sole listed pharmaceutical stock in POMSoX which declined 4toea to close K1.35

Bank South pacific Ltd (BSP) & Credit Corporation Ltd (CCP) traded unchanged as the two financial holding companies finished at K7.44 and K2.40 respectively.

Kina Securities (KSL) was not traded today; while in ASX, the dual-listed stock closed at $1.15, up 1c, with trading volume around 150K units.

The day’s trading recorded a total volume of 20,747 shares valued at K60,304.18.

In off-shore markets, U.S. stocks finished the overnight session marginally higher, as steep losses for energy stocks, following a drop in oil prices, kept a lid on the main indexes. The Dow Jones Industrial Average added 14.57 points, or less than 0.1%, to settle at 17,230.54 points. The Nikkei Share Average gained 75.92 points or 0.42%to close at 18,207.15 points as Japanese shares edged up despite China’s soft GDP growth data of 6.9% released on Monday. Meanwhile, the Australian benchmark S&P/ASX200 index was down 34.1 points or 0.65% at 5,235.60 points after falls by the big banks, miners and energy producers due to China’s soft GDP.

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