Search

KSi Daily Report: Wednesday, 31 December 2014

POMSOX trading session ended earlier at 1:00pm PNG local time (Normal time: 4:00pm) on a quiet note on New Year’s eve. Both Kina Securities Indices closed unchanged today as there was no trade done.

On the last business day on POMSoX, the Kina Securities Main Index (KSi) closed at 3,496.88 points, felling off 375 points or -9.7% during the year of 2014. The overall weighed market capitalization also retreated K5.9 billion from last year to a total of K53.3 billion as at today. However, The Home Index (KHSi) – the index that measures performance of the locally-listed stocks – stood at 9,555.27 points, up 1,379 points or 17% from end of 2013 while the home stocks market capitalization gained K1.2 billion to K8.4 billion. The Indices’ mixed results were attributed to drops in Bank South Pacific (BSP, – 11%) and Oil Search (OSH, -8.7%) while New Britain Palm Oil (NBO, +73.3%) gained due to takeover offer.

The encouraging performances come from the overall trading value during 2014; it has increased 231% or K133 million to a total of K191 million due to the heavy transactions of BSP shares by large institutions. The number of trades on POMSoX also improved by 4.6% to a total of 3,700 trades for the year.

ksi-graph1ksi-graph2

Online banking

Personal

Corporate

Apply Online