KSi Daily Report: Thursday, 23 March 2017

Both Kina Securities stock indices closed the day’s trading on a positive note. The main index inched up a mere 0.31 points (+0.01%) at 5,488.33 points likewise, the home index or KSHi climbed 9.85 points (+0.09%) at 10,960.45 points at the close of market.
Only one stock gained with no losses.
Bank South Pacific Ltd (BSP) the sole winner for the session closed higher at K9.31 after adding a toea during the session.
Meanwhile, Credit Corporation Ltd (CCP) was unchanged at K1.95 followed by Oil Search Ltd (OSH) maintained a strong hold at K18.01.
Thursday’s trading registered a combined volume of 4,680 shares valued at K45,459.30.
In off-shore news, The Dow fell for a fifth straight session in overnight trading as the broader market staged a modest rebound on the back of technology stocks. The Dow Jones Industrial Average shed 6.71 points to close at 20,661.30, its longest losing streak since January. In Japan, The Nikkei share average edged up on Thursday, crawling back from a 1-1/2-month low, as support from a weaker yen helped offset a political scandal centered on the wife of Japan’s prime minister. The Nikkei ended 43.93 points or 0.23% higher at 19,085.31 points, after traversing in negative and positive territory. Meanwhile, Australian shares claw back some of yesterday’s heavy losses after Wall St stabilized overnight as miners shrug off another sharp fall in iron ore, although banks remain weak. Shares have ended at the day’s high, clawing back some of yesterday’s big losses, with gains in miners and energy stocks leading the way higher. The ASX added 23.50 points or 0.41% to close at the day’s high of 5708.00 points.