KSi Daily Report: Thursday, 19 October 2017
Both stock indices closed on the green attributed by a major home-listed stock on Thursday’s POMSOX trading session. The Kina Securities main index KSi was up 4.14 points or 0.08% to 5,275.96 points and similarly the Kina Securities Home Index KSHi advanced 59.10 points or 0.54% to finish at 10,997.30 points.
Bank South Pacific Ltd (BSP) gained 6toea to end higher at K9.46 at the close. Followed closely was Oil Search Ltd (OSH) which added 2toea to close at a high of K17.71.
Meanwhile, BSP Unsecured Notes (BSPHA) slipped by K500.00 to end at K25, 000.00.
The day’s session registered a light volume of 6,992 shares worth K198, 281.48.
U.S stocks finished slightly higher as the Dow Jones Industrial Average added 5.44 points or 0.02% to finish at 23,163.04 points. Japanese Nikkei rose for the 13th straight session establishing its longest winning streak since 1988 while scaling a fresh 21-year peak as gains in global stocks and a weaker yen cheered investors. The Nikkei share average ended up 85.47 points or 0.40% to 21,448.52 points. The Australian stock market was modestly higher following weakness in mining stocks due to lower commodity prices which was off-set by strength in financials. S&P/ASX 200 benchmark index gained 13.20 points or 0.22% to 5,903.70 points.