KSi Daily Report: Thursday, 23 February 2017
The Kina Securities main index closed Thursday’s trading on a positive note amid a very quiet session on POMSoX. The KSi collected 2.28 points (+0.05%) to 4,824.99 points. Meanwhile, there was no gain for the home-listed stocks which caused the home index or the KSHi to remain flat at 10,684.94 points.
Oil Search Ltd (OSH) collected a toea to close at K17.56 but the dual listed stock in ASX declined 2cents at $7.24 today. This was the only stock traded for the session with a total of 600 units at K10,536.00
In Off-shore news, The Dow on Wednesday eked out a slight gain to log its best record-setting streak in three decades, but the broader equity benchmarks struggled as Federal Reserve minutes implied that the central bank is comfortable with raising interest rates fairly soon. The Dow Jones Industrial Average added 32.60 points, or 0.16%, to close at 20,775.60 points. Japanese stocks ended marginally lower on Thursday as financials weakened after U.S. yields fell on the cautious tone struck in minutes of the latest Federal Reserve monetary policy meeting. The Nikkei ended down 8.41points or 0.04% to 19,371.46 points. The Australian local share market ended another big day of reporting season in the red, as a slide in miners led by Rio Tinto offset a number of positive earnings surprises. The benchmark S&P/ASX200 Index fell 20.40 points or 0.35% to 5,784.07 points on Thursday.