KSi Daily Report: Monday, 16 January 2017
Monday’s trading on POMSOX was unchanged amid a quiet session. The Kina Securities main index KSi was maintained at 4,815.25 points and likewise the Kina Securities main index KSi was steady at 10,628.45 points.
Only two stocks traded flat today.
Banking and financial stock, Bank South Pacific Ltd (BSP) and Oil Search Ltd (OSH) were both unmoved at K9.00 and K17.50 respectively.
The day’s session recorded a total of 5,475 shares valued at a worth of K66,700.00.
In US Markets, The Dow Jones Industrial Average declined 5.27 points to finish at 19,885.73 points on Friday, with shares of Wal-Mart Stores Inc. dragging on the average, for a weekly decline of 0.4%. Japan’s Nikkei share average fell on Monday to its lowest level in more than two weeks, hurt as the yen appreciated on concerns Britain might make a “hard” exit by from the European Union and as the Trump trade continued to fade for the time being, with investors having become less certain about the incoming U.S. president’s policies. The Nikkei ended the day down by 192.04 points or 1% at 19,095.24 points. The Australian share market closed at its highest level in 20 months on Monday buoyed by strong gains in utilities stocks and higher commodity prices. The benchmark S&P/ASX200 collected 27.30 points or 0.48% at 5,748.40 points.