KSi Daily Report: Friday, 21 April 2017
The market indices ended in opposite directions amid a moderate trading session on Friday’s POMSOX session. The Kina Securities main index KSi slipped 50.15 points or 1.01% to 4,929.96 points while the Kina Securities Home index KSHi was up 13.33 points or 0.12% at 11,073.93 points.
Credit Corporation Ltd (CCP) led the gains, adding 2toea to close high at K1.87.
On the downside, dual-listed energy stock Oil Search Ltd (OSH) closed 50toea lower ending at K18.50.
Meanwhile, Bank South Pacific Ltd (BSP) was unchanged at K9.46, with an intra-day high of K9.47.
A total of 6,804 shares were traded at a value of K71,838.26.
U.S stocks ended higher after posting solid gains at a new record on the back of strong corporate earnings reports and economic data. The Dow Jones Industrial Average advanced 174.22 points or 0.085% at 20,578.71 points. Japanese stocks rose to 1 ½ week highs but tumbled after Fujifilm delayed its earnings with the Nikkei share average gaining 190.26 points or 1.03% at 18,620.75 points. The Australian stock market rose adding to the gains in previous session following the overnight rally on Wall Street and higher iron ore prices. S&P/ASX 200 benchmark index rose 33.40 points or 0.57% to 5,854.80 points.