KSi Daily Report: Wednesday, 3 May 2017 - Kina Bank

KSi Daily Report: Wednesday, 3 May 2017

Both Kina Securities concluded Wednesday’s POMSoX session on a negative note amid a low volume trading session. The Kina Securities main index, the KSi fell 0.79 points (-0.02%) to 5,095.19 points. Similarly, the Home index, the KSHi shed 23.47 points (-0.21%) to finish low at 11,056.84 points.
There was a single loss compared to equal number of gains.
Bank South Pacific Ltd (BSP), the largest commercial bank in PNG gained a toea at K9.49.
On the down side, another financial stock Credit Corporation Ltd (CCP) had lost 5 toea to finish K1.80 today.
The day’s session registered a very light volume of 6,132 shares with a monetary value of K12,521.77.
U.S. stocks ended with a slight upward bias in overnight trading, though investors mostly held off on making big bets with the Federal Reserve engaged in a two-day policy meeting, which ends on Wednesday. The Dow Jones Industrial Average rose 34.5 points, or 0.2%, to 20,949.89 points. The Japanese stock market was closed today in observance of Constitution Memorial Day. Meanwhile, Australia stocks were lower after the close on Wednesday, as losses in the Financials, Materials and Metals & Mining sectors led shares lower. At the close in Australia, the S&P/ASX 200 lost 58.10 points or 0.98% at 5,892.30 points.