KSi Daily Report: Wednesday, 23 December 2015

POMSoX trading was quiet ahead of the Christmas holiday with the main index down after a key stock closed lower on POMSoX Wednesday. The KSi fell 75.81 points or 2.17% at 3,414.90 points, while the Kina Securities Home index, the KSHi was flat at 9,566.27 points.

One stock fell with no other movements for today.

Oil Search Ltd (OSH) was the stock that fell during the session at K14.05 down by 75 toea.

Meanwhile, Bank South Pacific Ltd (BSP) was the only unchanged stock at K7.50 flat.

Wednesday’s trading recorded a mere volume of 582 units valued at K6,723.00.

U.S. stock indexes shrugged off soft economic data in overnight trading, scoring gains across the board to finish higher for a second straight session with Consumer staples, energy and industrials leading the rally. The Dow Jones Industrial Average jumped 165.65 points, or 1%, to 17,417.27 points, with all but one of its components closing higher. Japanese stocks were flat in thin, directionless trade on Tuesday as many investors sat on the sidelines ahead of the market’s closure for a national holiday on Wednesday. The Nikkei share average edged down by 29.32 points or 0.16% to 18,886.70 points. Meanwhile, A so-called Santa rally on the Australian share market may still be a goer, with the Australian bourse enjoying healthy gains in intra-day trade. the benchmark S&P/ASX200 index was up 29.60 points, or 0.58%, at 5,140.30 points.

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