KSi Daily Report: Friday, 24 March 2017
POMSOX closed the week on a quiet note with both Kina Securities indices remaining unchanged. The main index or KSi was steady at 5,488.33 points and similarly the home index or KSHi was maintained at 10,980.45 points.
Stocks traded today were unmoved.
Banking and financial stock Bank South Pacific Ltd (BSP) evened out at K9.31, followed closely by Oil Search Ltd (OSH) unchanged at K18.01.
Friday’s trading recorded a total of 5,319 shares valued at K82,118.79.
U.S. stocks closed slightly lower in overnight trading with the Dow edging into negative territory to extending its losing streak to six sessions as a delay in a closely watched health-care vote raised questions about the Trump administration’s ability to win passage of its ambitious legislative agenda. The Dow Jones Industrial Average ended with a loss of 4.72 points at 20,656.58 points, posting its sixth straight negative session. Japan’s Nikkei share average gained 177.22 points or 0.93% at 19,262.53 points on Friday as the yen took a breather from its recent strength. The Australian share market ended the week on a positive note despite jitters surrounding the passing of US healthcare legislation, billed as the first big test of the Trump administration’s legislative prowess. The benchmark S&P/ASX200 rose 45.50 points or 0.8% to 5753.50 points on Friday.