KSi Daily Report: Wednesday, 07 December 2016

The Kina Securities main index closed Wednesday’s trading on a positive note as one key POMSoX stock advanced. The KSi collected 40.45 points (+0.85%) to 4,812.98 points. Meanwhile, there was no movement for the home-listed stocks which caused the home index the KSHi to remain flat at 10,625.26 points.

One stock gained with no other movements.

Dual-listed stock Oil Search Ltd (OSH) attributed to the positive movement in the main index, ending 40 toea higher to close at K17.50.

Stocks traded however remained unchanged were led by City Pharmacy Ltd (CPL) at K1.00 followed by Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) flat at K8.99 and K1.89 respectively.
The day’s trading recorded a total of 20,701 shares valued at K129,501.90.
U.S. stocks rose in overnight trading, with the Dow Jones Industrial Average finishing at an all-time high for a second day in a row, as the theme of rotational buying into new leaders such as financials and dividend-rich telecommunication shares continued. The Dow industrials rose 35.54 points, or 0.18%, to end at 19,251.78 points. In Asia, shares were broadly higher Wednesday, catching a lift from gains in the U.S as a weak Japanese yen helped exporters’ stocks on the Nikkei Stock Average. The Nikkei closed 18,496.69 points, after adding 136.15 points at 0.74% at close. Likewise, The Australia share market closed higher boosted by a positive session on Wall Street and confidence the resources sector will continue to improve. The S&P/ASX 200 added 49.40 points to close higher at 5,478.10 points even though Australia recorded its first negative quarter of economic growth since 2011.

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