KSi Daily Report: Wednesday, 08 April 2015

Kina Securities Stock Indices headed in opposite directions on Wednesday after POMSOX trading ended. The main index KSi closed marginally higher adding 0.61 points to 3,555.61 points. Meanwhile, the home index KSHi remained steady at 9,772.09 points. An important note new Britain palm Oil Ltd has been deleted from the computation of both indices after the stock is delisted from POMSoX since yesterday.

One out of three stocks traded today closed higher.

The Wining stock for the day was an junior exploration stock, Highlands Pacific Ltd (HIG) ending at 15toea, up a toea. The same dual-listed unit on ASX has gained considerably 15% in recent weeks.

Bank South Pacific Ltd (BSP) closed at K7.40 flat, followed by an mine exploration stock Marengo Mining Ltd (MMC) at 4toea unchanged.

Total shares registered today were 72,202 units at a share value of K21,714.77.

In share markets abroad, U.S stocks closed slightly lower Tuesday, as Monday’s strong gains ran out of steam. The Dow Jones Industrial Average fell 5.43 points or 0.03% to 17,875.42 points. However, Japan’s Nikkei hit a 15 year high since April 2000, supported by solid buying from domestic investors. The Nikkei share average surged 149.27 points or 0.76% to 19,789.81 points. The S&P/ASX 200 benchmark index rose 34.73 points or 0.59% to 5,960.70 points in Australian ASX on strength of major oil companies.

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