KSi Daily Report: Friday, 17 February 2017 - Kina Bank

KSi Daily Report: Friday, 17 February 2017

The POMSOX trading session was on the losing streak as both stock indices edged lower. The Kina Securities main index KSi was down by a mere 2.65 points or 0.05% to 4,816.64 points. Similarly the Kina Securities Home Index KSHi slipped 52.14 points or 0.49% to end at 10,672.20 points.
One stock fell while another maintained.
On the downside, dual-energy stock Oil Search Ltd (OSH) was down by a toea ending at K17.50.
Bank South Pacific Ltd (BSP) was the only other stock steady at K9.05.
A thin volume of 2,624 shares was recorded at a value of K30,710.00.
U.S stock indexes snapped a multi-session streak of simultaneous records weighed down by a decline in energy stocks. The Dow Jones Industrial Average finished up 7.91 points or 0.1% to 20,619.77 points. Japan’s Nikkei share average fell with the market wary of a stronger yen and financials weakened as U.S bond yields fell after comments by a senior U.S Fed official. The Nikkei dropped by 112.91 points or 0.58% to 19,234.62 points. The Australian stock market was modestly lower in choppy trade following lackluster cues overnight from Wall Street as investors digested local corporate earnings results. The S&P/SX 200 benchmark currently losing 13.30 points or 0.23% to 5,803.00 points.