KSi Daily Report: Wednesday, 4 February 2015

Kina Securities Stock Indices were flat on Wednesday after POMSOX trading ended. The main index KSi remained steady at 3,592.25 points while the Home index KSHi stayed at 9,575.98 points.

Stocks that traded today were unmoved.

For today’s session, mining exploration stock Marengo Mining Ltd (MMC) traded unchanged at 5toea. Bank South Pacific Ltd (BSP) ended at K7.35 flat while Oil Search Ltd (OSH) closed at K17.00 even.

Today’s trading session recorded a combined volume of 110,235 shares at a valued of K89,225.00.

U.S stocks rallied into the close for the second-straight consecutive on Tuesday, sending the Dow Jones Industrial Average rocketing as equities kept pace with surging crude-oil prices. The DJIA advanced 305.36 points (+1.76%) to 17,666.40 points. Japanese shares rose outperforming strong earnings as the Nikkei share average surged 342.89 points (+1.98%) to 17,678.74 points. Australian shares scaled a near seven-year peak on Wednesday in a winning run stretching 10 straight sessions, the highest since 2008 after rate cuts. The S&P/ASX 200 index added 69.9 points (+1.2%) to 5,777.3 points.

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