POMSOX trading session ended on moderate activity with the main stock index losing while another remained steady. The Kina Securities Main index KSi declined 49.45 points or 1.37% to 3,567.51 points. Meanwhile the Home Index or KSHi maintained at 9,655.42 points.
One stock gained versus another stock that fell on POMSoX today.
Kina Securities Ltd (KSL) closed 10toea higher to end at K2.70. On ASX, the stock ended at $1.18, up by 1c.
On the downside, mining stock Oil Search Ltd (OSH) shed 50toea to close at K16.00.
Stocks traded unchanged included banking and finance stocks, Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) ended at K7.44 and K2.40 flat respectively.
The day’s trading registered a total of 29,984 shares valued at K100,237.90.
U.S. stocks rose sharply in overnight trading after the minutes from the Federal Reserve’s October policy meeting confirmed that a majority of policy makers were open to an interest-rate hike in December. The Dow Jones Industrial Average rallied 247.66 points, or 1.4%, to finish at 17,737.16 points, extending a three-day ascent for the blue-chips. Likewise, Japan’s Nikkei share average rose on Thursday after Wall Street rallied on stronger dollar. The Nikkei rose 204.80 points or 1.04% to 19,863.38 points by close of market. The Australian Share market followed the upward trend as the benchmark S&P/ASX200 index was up 109.50 points, or 2.13.% at 5,242.60 points as bank and mineral sectors rose.