KSi Daily Report: Monday, 09 October 2017
Both Kina Securities indices opened the week on a positive note as two key POMSoX stocks advanced. The KSi collected 8.94 points (+0.17%) to 5,265.70 points with the Kina Securities home Index up by 9.85 points (+0.09%) at 10,948.05 points.
Two stocks gained on POMSoX, against none that lost.
Oil Search Ltd (OSH) sought up 8 toea to close at K17.63 as the dual listed stock was also up on the ASX at $7.21 up by 6 cents. Bank South Pacific Ltd (BSP) followed the upward movement adding a toea at K9.41 today.
Monday’s trading registered a total volume of 7,586 shares worth K104,469.76
In overseas news, Dow Jones Industrial Average logged minor losses Friday as investors mostly shrugged off a September jobs report that showed the first monthly drop in payrolls in seven years. The DJIA declined less than 2 points to 22,773.67, just barely ending a seven-day win streak. Meanwhile, The Japanese stock market was closed in observance of health & Sports day. The ASX ended Monday’s session on an upbeat note, as a strong performance from the banking sector and a bit of deal speculation helped to buoy the index. The S&P/ASX 200 index climbed 28.60 points, or 0.5% to end the day at 5,739.30 points.