KSi Daily Report: Tuesday, 2 May 2017
Kina Securities main index, the KSi, extended losses for the second session today amid very thin volume. The index closed at 5,095.98 points down 1.30 points or 0.03%. Meanwhile, the home index stayed at 11,080.31 points unchanged.
One stock lost with no other movements.
Highlands Pacific Ltd (HIG) declined 2 toea to 18toea, the decrease weakened the main index.
Other stocks traded however remained unchanged were led by Bank South Pacific Ltd (BSP) maintained its strong hold at K9.48 followed by Credit Corporation Ltd (CCP) and Oil Search Ltd (OSH) both unmoved at K1.85 and K18.00 respectively.
Only 12,673 units were traded worth about K9,241.31 for Tuesday’s POMSoX session.
In off-shore news, The Dow Jones Industrial Average dipped in and out of negative territory, finishing down 27.05 points, or 0.1%, at 20,913.46, pressured by a 1.3% decline in Boeing Co. and a 1.2% decline in shares of Home Depot Inc. Japan’s Nikkei share average rose to six-week highs on Tuesday in a holiday-shortened week, getting a lift from robust earnings. The Nikkei rose 135.18 points or 0.70 % at 19,445.70 points by close of market today. The Australian share market has failed to make a run at the magical 6,000-point mark as a lacklustre trading update from ANZ cast a shadow over the entire banking sector. At the close, the benchmark S&P/ASX 200 index dipped 6.10 points or 0.10% to 5,950.40 points at close.