KSi Daily Report: Wednesday, 22 March 2017
Wednesday’s POMSOX trading session saw one stock index gaining while the other maintained. The Kina Securities main index KSi climbed 14.16 points or 0.26% to 5,488.02 points. Meanwhile, the Kina Securities Home Index KSHi was steady at 10,970.60 points.
One stock gained, attributing to the positive movement of the home index compared to nil losses.
Oil Search Ltd (OSH) rose by 14toea ending the day at K18.01.
Bank South Pacific Ltd (BSP) was the only other stock unchanged K9.30.
The day recorded a total of 2,714 units at a monetary value of K26,851.55.
In markets offshore, U.S markets closed sharply lower as financials and industrials stocks dropped dramatically. The Dow Jones Industrial Average slipped 70.00 points or 0.34% to 20,557.00 points. Japanese shares extended losses after strong yen and Wall Street losses as the Nikkei share average was down 2% 2.13 points at 19,041.38 points. The Australian stock market was notably lower following the negative lead overnight from Wall Street lost 77.10 points or 1.34% 5,697.50 points.