KSi Daily Report: Wednesday, 18 February 2015

POMSOX suffered losses on Wednesday for the second consecutive session, pressured by a major home-listed stock. The Kina Securities Home Index KSi was down by 0.26 points to 3,600.34 points and similarly the Home Index KSHi was down by 4.78 points or 0.05% to 9,745.03 points.

Financial stock Bank South Pacific Ltd (BSP) was the only stock traded for the entire session. At K7.35, the stock closed a toea lower registering a total volume of 33,653 shares at a monetary value of K247,349.55.

U.S stocks closed higher as Greece remained focus, with the S&P 500 closing at a record level on reports that Greece may ask for a six-month extension on its debt. The Dow Jones Industrial Average added 28.23 points or 0.16% to 18,047.58 points. There was little reaction to the BOJ’s on monetary policy and maintaining massive stimulus as Japan’s Nikkei share average surged 206.31 points or 1.15% to 18,193.40 points. Australian shares rallied with sharp rise in shares in takeover target Toll Holdings giving a bullish tone to the broader market. The S&P/ ASX 200 rose 57.49 points or 0.98% to 5,915.70 points today.

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