KSi daily Update: Tuesday, 29 October 2013

Tuesday’s trade saw the POMSOX session closing stronger aided by two stocks that gained. The main index, the KSi collected 1.82 points to close at 3,899.27 points. Likewise the home Index or the KHSi added 1.05 points to 8,189.95.

Two stocks gained compared to none of the stocks that fell for today.

Kina Asset Management (KAM) added 2 toea at K1.05, the highest level since late 201. Oil Search Ltd (OSH) gained by 2 toea closing at K16.08.

Two stocks were traded unchanged. The agricultural stock, New Britain Palm Oil (NBO) registered at K15.00, followed by Bank South Pacific (BSP)at K8.02 flat.

Total shares registered today was 8,246 shares with Kina value of K37,569.18.

The Niuminco group of companies (code: NIU) a junior miner already listed in ASX will be admitted to POMSoX’s listing on 30 October. The company holds gold-and-silver mining leases at Edie Creek in Papua New Guinea. These Leases are located in the well-known Morobe Mining Province some 5 kilometres from the Newcrest Mining Limited/Harmony Gold Mining Co. Ltd Hidden Valley mine.

In markets abroad, U.S stocks closed slightly lower amid an uneventful session overnight the Dow Jones Industrial gave in 1.35 points closing at 15,568.90 points. The Japanese Nikkei dropped 70.06 points, -0.49%, ending at 14,326.00 points lower as investors sidelined awaiting further signals from another round of policy meeting by U.S. Fed Reserve this week. The Australian S&P/ASX200 also closed lower, down 25.88 points (-0.48%) at 5,415.53 points on weak resources sector. The Aussie dollar fell against all major currencies.

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