KSi Daily Report: Wednesday, 22 October 2014

POMSOX trading session was active on Wednesday with Kina Securities indices on positive zones aided by an agricultural stock. The main index KSi collected 9.23 points or 0.24% to 3,813.89 points. likewise, the home index KSHi advanced 159.89 points or 1.77% to 9,212.35 points.

Today’s session registered one stock that gained against one that fell.

The downfall came from financial stock Bank South Pacific Ltd (BSP) at K7.12 as the stock gave up 2 toea.

Agricultural stock New Britain Palm Oil Ltd (NBO) advanced, contributing to the Kina Securities indices. The stock ended at K24.00, up by K1.00.

Meanwhile stocks that traded unchanged included Credit Corporation Ltd (CCP) and City Pharmacy Ltd (CPL) at K2.60 and K1.48 even respectively. A portfolio management stock Kina Asset Management Ltd (KAM) was flat at K1.06.

Today’s trading session recorded a combined a trading volume of 13,819 shares valued at K81,521.26.

In New York, U.S stocks finished higher with its market reaching firmer technical grounds on the back of some upbeat earnings and prospects of economic stimulus in Europe. The Dow Jones Industrial Average surged 215.14 points (1.31%) to 16,614.81 points. Japanese stocks climbed more than 2 percent, recouping Tuesday’s losses with projections from ECB boosted by investor sentiment. The Nikkei added 391 points (2.64%) to 15,196 points. Australian shares shot up after international market rose on strong Chinese economic growth and data. The benchmark S&P/ASX 200 moved 60.84 points (1.14%) to 5,385.87 points.

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