KSi Daily Report: Tuesday, 5 May 2015

Kina Securities stock indices were mixed on Tuesday after POMSoX closed as stocks headed in opposite direction. The Main Index or the KSi closed 47.53 points (+1.32%) higher at 3,655.28 points while the Home Index or KSHi declined 98.50 points (-1.01%) to 9,701.41 points.

There was one stock that gained against same number of losses for the session.

Oil Search Limited (OSH) was the sole winner, after adding 50 toea to close at K17.00. However, the dual-listed Oil stock on the ASX declined 18 cents at $8.08.

On the down side, Bank South Pacific Ltd (BSP), the largest banking and financial stock in PNG in terms of market capitalization relinquished previous gains by 10 toea to end the session at K7.35.

Credit Corporation Ltd (CCP) maintained steady price at K2.55, and City Pharmacy Ltd (CPL) completed at K1.46 flat but reaching an intraday high of K1.55 today.

Tuesday’s trading session recorded a total volume of 31,165 share with a monetary value of K198,374.10.

U.S. stocks finished modestly higher Monday, building on the previous session’s solid gains amid low volatility and lower-than-usual volumes. The Dow Jones Industrial Average DJIA gained 46.34 points, or 0.3%, to 18,070.40 points. Meanwhile, Japanese equities market was closed today in observance of children’s day. Australia’s S&P/ASX 200 was down by 1 points or -0.02% at 5,826.50 points after the Reserve Bank’s reduced interest rate to the record low of 2.00%, down a quarter point. The Australian dollar stumbled after the rate cut but rebounded in late afternoon.

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