KSi Daily Report: Thursday, 16 March 2017
One stock index climbed while another maintained on Thursday’s POMSOX trading session. The Kina Securities main index KSi was up 15.17 points or 0.31% at 4,851.87 points while the Kina Securities Home Index KSHi was steady at 10,970.60 points.
Oil Search Ltd (OSH) was the winning stock for the day, gaining 15toea to end higher at K17.76.
Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were evened out at K9.30 and K1.95 flat respectively.
Followed closely was City Pharmacy Ltd (CPL), steady at K1.00 at the close of market.
A total of 6,643 units were registered worth K38,458.61.
U.S stocks clambered higher as the Fed’s raised interest rates for the third time since December 2015 as the Dow Jones Industrial Average rose 112.73 points or 0.5% to end at 20,950.10 points. Japanese stocks declined, hurt by the dollar’s fall against the yen as the Fed signaled interest rate hikes. The Japanese Nikkei share average added 12.76 points or 0.07% to 19,590.14 points. Australian stocks declined following the weak cues overnight and the fall in crude oil prices as the S&P/ASX 200 shed 16.60 points or 0.29% to 5,742.50