KSi Daily Report: Monday, 29 May 2017
Kina Securities stock indices were mixed on Monday after POMSoX closed with stocks headed in opposite directions. The Main
Index or KSi closed 216.32 points (+4.24%) lower at 4,881.23 points while the Home Index or KSHi rose 8.88 points (-0.08%) to 11,104.04 points.
There was one stock that gained compared to two losses.
Leading financial stock in terms of market capitalization, Bank South Pacific Ltd (BSP) completed K9.55 up a toea.
On the down side, mining giant Newcrest Mining Ltd (NCM) fell K4.00 t K46.00 followed by Kina Asset Management Ltd (KAM) at 0.96 down a toea.
Stocks traded however remained unchanged, was credit corporation Ltd (CCP) at K1.79 followed by Oil Search Ltd (OSH) at K18.01 and NGP Agmark Ltd (NGP) at 60 toea respectively.
The day’s trading session recorded a total volume of 37,719 share with Kina value of K36,344.74
U.S. stocks opened marginally lower on Friday, and were set to snap a six-day win streak, as investors appeared reluctant to make big bets ahead of a long holiday weekend. U.S. markets will be closed on Monday in observance of Memorial Day. The Dow Jones Industrial Average closed 2.67 points or 0.01% lower at 21,080.28 points. Japan stocks were flat in choppy trade on Monday as investors waited for key U.S. economic indicators out this week, including employment data, to provide clues on how soon U.S. interest rates might rise. The Nikkei share average ended flat at 19,682.57 points after moving into and out of positive territory. Meanwhile, Australian Shares endure a soft start the week, as selling in the banks resumes and after a sharp fall in the price of iron ore on Friday night weighs on the miners. The S&P/ASX200 fell 44.60 points or 0.78% to 5,707.10 despite regional markets holding up.