KSi Daily Report: Wednesday, 10 May 2017
One stock index edged higher amid an active trading session on Wednesday. The Kina Securities main index KSi advanced 204.43 points or 4.18% at 5,095.52 points while the Kina Securities home index KSHi was steady at 11,066.69 points.
Mining giant Newcrest Mining Ltd (NCM) ended on a positive note, closing up by K3.80 at K50.00.
Other stocks traded included Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K9.50 and K1.80 flat respectively.
BSP Unsecured notes (BSPHA) was steady at K26,000.00 followed by Oil Search Ltd (OSH) at K18.00 flat.
A substantial volume of 264,129 shares was recorded at a monetary value of K5,405,756.70.
U.S stocks finished mixed as energy slumped and materials weighed on the market, with Nasdaq soaring to a new record on the back of upbeat earnings report. The Dow Jones Industrial Average closed 39.00 points lower or 0.19% at 20,868.00 points. Japanese stocks edged higher to hover at 17-month highs as a weak yen trend supported sentiment as the Nikkei share average rose 57.09 points or 0.13% to 19,900.09 points. The Australian stock market climbed into positive territory after opening lower following cues overnight from Wall Street with investors digesting the federal budget that includes a levy on the big banks. S&P/ASX 200 benchmark index added 10.60 points or 0.18% to 5,850.50 points.