KSi Daily Report: Wednesday, 17 August 2016

POMSOX trading session ended with one stock index gaining ground amid moderate trading. The Kina Securities main index or KSi rose 31.31 points or 0.66% at 4,742.72 points. Meanwhile, the Kina Securities Home index or KSHi was unmoved at 10,054.59 points.

Both stocks that traded today gained versus nil losses.

Dual-listed banking and financial stock Kina Securities Ltd (KSL) closed 9toea higher to end at K2.60. Oil Search Ltd (OSH) gained 30toea to finish at K17.50.

Wednesday’s trading session transacted a total of 9,949 shares at a monetary value of K124,401.10.

U.S stocks closed at session lows in overnight trading, after notching record highs, as investors weighed comments by the Feds against sharp gains for oil futures. The Dow Jones Industrial was down 84.03 points (-0.45%) to 18,552.02 points. Japanese stocks bounced after sliding the previous day, though the recovery was contained by a backdrop of cautious trading, however Fed rate comments restrained buyers. The Nikkei climbed 149.13 points (0.90%) at 16,745.64 points. The Australian share market was lower after the Commonwealth Bank went ex-dividend and health stocks fell on weaker-than-expected earnings result. The benchmark S&P/ASX 200 index was down 0.36% at 5,512.30 points.

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