KSi Daily Report: Tuesday, 26 May 2015

On Tuesday, POMSoX’s close saw both Kina Securities Indices moved into positive territory as the main index the KSi added a mere 0.62 points at 3,555.86 points. The Kina Securities Home index or the KSHi followed a similar trend collecting 19.70 points (+0.20%) to end at 9,779.89 points.

POMSoX registered a gain against no losses for the session.

Bank South Pacific Ltd (BSP), was the major player in the positive movements of the indices as the stock climbed by 2 toea to K7.42 on the close. The company has announced the final dividend for 2014 of 56 toea and will be payable on the 19th of June 2015.

Stocks unchanged for the day were led by the Oil and Gas stock, Oil Search Ltd (OSH) at K16.00 while Credit Corporation Ltd (CCP) evened at K2.55.

The day’s session registered a total volume of 39,424 shares at a value of K253,636.43

US markets were closed to observe Memorial Day on Monday. Japanese stocks edged up in a choppy session today, underpinned by optimism about the economy’s recovery. The Nikkei 225 ended 23.71 points or 0.1% higher at 20,437.48 points. The Australian shares climbed broadly on Tuesday, led by big banks and spurred on by merger and acquisition activity while a leap in the iron ore price supported miners. The S&P/ASX 200 index surged 39.70 points or 0.69% at 5,761.20 points today.

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