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KSi Daily Report: Thursday, 10 December 2015

The Kina Securities stock indices closed on a mixed note weaken by a key mining stock after POMSOX trading closed on Thursday. The main index or the KSi fell 121.29 points or 3.41% to 3,440.58 points. Meanwhile, the home index KSHi stood at 9,607.92 points at the close.

There were four stocks traded among one that lost compared to none that gained.

On the downside, oil and gas stock Oil Search Ltd (OSH) contributed to the negative movement in the KSi. The stock closed at K14.80, down by K1.20. On ASX, the stock also gave up 7c to $6.28.

Stocks traded unchanged included financial holding companies Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP), both closing at K7.50 and K2.24 respectively. Followed closely by dual-listed mining stock Newcrest Mining Ltd (NCM) at K25.00 flat.

Kina Securities Ltd is not traded today and remains at K2.60. In ASX, the stock closed at $1.11, down 1c.

Total shares registered today was 11,613 units valued at K39,788.96.

In off-shore markets, U.S stocks fell for a third-straight day with the S&P 500 joining the Dow Industrials in negative territory for the year after a rally in crude-oil prices evaporated. The Dow Jones Industrial Average fell 75.70 points or 0.43% to 17,492.30 points. Japanese stocks fell as weak oil prices continued to batter shares of energy companies and as overnight strengthening of the yen against the dollar hurt sentiment. The Nikkei share average declined 236.36 points or 1.22% to 19,064.71 points. The Australian share market has closed lower as big investors look to market overseas for better value shares. Benchmark index S&P/ASX 200 was 42.75 points or 0.84% lower at 5,037.70 points today.

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