KSi Daily Report: Wednesday, 22 February 2017
Wednesday’s POMSOX trading session closed amid moderate trading as one stock index rose. The Kina Securities main index added 4.66 points or 0.10% ending higher at 4,822.94 points. The Kina Securities Home Index KSHi was steady at 10,684.94 points.
Two stocks gained compared to nil losses.
Junior cap explorer Highlands Pacific Ltd (HIG) added a toea to end at 20toea. Followed by Oil Search Ltd (OSH) which finished at K17.55, edging up 4toea.
Meanwhile, Credit Corporation Ltd (CCP) was unmoved at K1.95 at the close of market.
The day’s session transacted a total of 16,438 shares worth K57,001.70.
U.S stocks rallied with major indexes simultaneously closing at records for a second session in a row on the back of gains in defensive sectors energy. The Dow Jones Industrial Average rose 0.6% or 118.95 points to end at a record of 20,743.00 points. Japanese stocks edged down in choppy trade as a pause in the dollar’s rise against the yen kept investors on the sidelines awaiting minutes of the Fed’s latest meeting for hints on interest rate hikes. The Nikkei share average fell 15.15 points or 0.08% to close at 19,366.29 points. The Australian stock market edged higher in choppy trade as investors digested mixed corporate earnings results. S&P/ASX 200 benchmark index added 6.00 points or 0.10% to 5,797.00 points.