KSi Daily Report: Tuesday, 18 April 2017
On Tuesday’s POMSOX trading session, one stock index closed lower while another maintained amid an active session after the long Easter weekend. The Kina Securities main index KSi slipped 126.40 points or 2.54% lower to 4,853.39 points. Meanwhile, the Kina Securities Home Index KSHi was steady at 11,050.75 points.
Dual-listed energy stock Oil Search Ltd (OSH) shed K1.25 to close lower at K17.75.
Stocks however traded unchanged included Newcrest Mining Ltd (NCM) and NGIP Agmark Ltd (NGP) at K46.00 and 60toea flat respectively.
A substantial volume of 200,351 shares were transacted at a value of K131,266.80.
U.S stocks bounced back led by gains in financial, real estate and industrial stocks as corporate earnings session got underway and banks rally. The Dow Jones Industrial Average gained 183.67 points or 0.90% at 20,636.92 points. Japan’s Nikkei stock took a cue from a rebound in U.S shares and a weaker yen as the Nikkei was up 63.38 points or 0.35% to 18,418.64 points. The Australian stock market declined despite positive cues overnight from Wall Street with the S&P/ASX 200 benchmark index losing 15.00 points or 0.25% to 5,874.30 points.