KSi Daily Report: Wednesday, 30 July 2013

Both Kina Securities stock indices closed in positive territory by close of Wednesday’s POMSoX session as five out of five stock traded ended in green. The main index KSi beefed up 38.93 points or 1.04% at 3,797.06 points likewise the home index, KSHi surged up 716.84 points or 8.67% at 8,984.25 points.

All five stocks transacted today gained with no losses .

Bank South Pacific Ltd (BSP) led the gainers as the stock collected 5 toea to complete at K7.35 aided by the company’s share buyback program, following on was another financial holding company, Kina Asset Management Ltd (KAM) at K1.09 up 2 toea, while sole listed pharmaceutical stock City Pharmacy Ltd (CPL) gained 5 toea at K1.75. Meanwhile, New Britain Palm Oil Ltd (NBO) made an impressive gain of K4.00 at K21.50 and Oil Search Ltd (OSH) at K19.16 up 1 toea.

Wednesday’s session recorded a total volume of 16,306 shares valued at K282,862.90.

In overseas trading, U.S stocks ended overnight trading session lower as investors were cautious after sanctions were announced against Russia. The Dow Jones Industrial average declined 70.48 points or 0.42% to end at 16,912.11 points. Asian markets rose for a fourth day with the regional benchmark index extending a six-year high. Japan’s Nikkei share average climbed 28 points or 0.18% to 15,646 points. Australian share market rose as the benchmark index S&P/ASX 200 closed higher by 34.46 points or 0.62% to 5,622.90 points today.

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