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KSi Daily Report: Thursday, 12 November 2015

The Kina Securities Main Index retreated, weakened by two major stocks that fell on POMSoX. The Index KSi fell 116.58 points or 3.18% to 3,548.47 points. Meanwhile the Home Index KSHi remained at 9,566.77 points.

Thursday’s session ended with two losses against none that gained.

Oil Search Ltd (OSH), the dual-listed company on both ASX and POMSoX, finished lower at K15.85, off 65 toea. Another dual-listed stock Newcrest Mining Ltd (NCM) ended at K25.00, down K1.00.

Bank South Pacific Ltd (BSP), the financial stock, led the unmoved stocks at K7.35 with Credit Corp Ltd (CCP) ending at K2.60 even. In ASX, Kina securities Ltd (KSL) closed at $1.18, -2c.

The day’s trading registered a light volume of 15,209 shares at value of K137,040.10.

Overnight the Dow Jones Industrial Average shed 55.99 points, or 0.3%, to close at 17,702.22 points as U.S. stocks suffered by selloff in energy stocks. Japanese stocks were marginally higher on Thursday despite sharp drops in machinery shares on weak machinery orders data, aided by stocks with strong earnings. The Nikkei Average ended 0.03% higher, or 6.38 points, at 19,697.77 points. The Australian share market is slightly higher as the big banks gained ground after the release of positive jobs report, which showed the rate has dived to 5.9 per cent driven by a surprisingly strong growth in new jobs. At the close, the benchmark S&P/ASX200 index was 3.10 points, or 0.06% higher at 5,125.70 points.

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