KSi Daily Report: Monday, 18 December 2017
The week opened on a quiet note as one stock index gained on Monday’s POMSOX Trading session. The Kina Securities Main Index or KSi was down 161.39 points or 2.87% at 5,466.85 while the Kina Securities Home Index (KSHi) was maintained at 10,917.38.
One stock indices declined while another gained.
Dual-listed energy stock Oil Search Ltd (OSH) was the winning stock for the day, up by 1 toea to close at K18.01.
On the downside, heavy weighted miner Newcrest Mining Limited (NCM) declined by K3.00 to K57.00 at the close of market.
Highlands Pacific Limited (HIG) was the only stocked traded however remained unchanged at 16 toea flat.
The day’s trading transacted a total of 6,473 shares worth K104, 081.89.
In off-shore news, The Dow Jones Industrial Average advanced 143.08 points, or 0.6%, to finish at 24,651.74, with 26 of its 30 components finishing higher as investor expectations grew for passage of Republican-backed tax-cut legislation. Japanese stocks scored its biggest rise in a month with financials and reporter in demand while construction shares bounced after sliding news. The Nikikei share average gained 348.55 points or 1.55% to finish at 22,901.77 points. Australian shares strengthen to notch their first gained in three sessions, dragged higher by the banks and miners as the benchmark index rose 41 points or 0.7% to 6,038 points.