The Kina Securities indices fell further lower after POMSoX closed today. The main Kina Securities index, the KSi, retreated 80.86 points (-2.32%) to 3,405.94 points. Meanwhile the Home Index KSHi was steady at 9,460.17 points.
One stock fell while none gained accompanied by a debit stock on POMSoX today
Oil Search Ltd (OSH) the duel listed oil and gas stock dropped 80 toea to end at K14.00 following weaker ASX prices. The retreat pulled down the KSi.
Meanwhile, Bank South Pacific (BSP) closed even at K7.35.
BSP unsecured notes (BSPHA) also traded during the session completing K500.00 higher at K25,500.00 today.
Tuesday’s session recorded a total of 15,931 units worth K235,685.50
In off-shore news, U.S. stocks ended an overnight volatile session with modest gains, lifted by a rebound in crude-oil prices with Dow industrials turning a triple-digit loss into a triple-digit gain. The DJIA which was down 120 points at session lows, closed 103.29 points, or 0.6%, higher at 17,368.50 points by close of market. Japan’s Nikkei share average widened its losses and fell to a fresh 7-1/2-week low on Tuesday afternoon in the face of the U.S. Federal Reserve’s interest rate hike decision expected this week. The Nikkei dropped 317.52 points or 1.68% to 18,565.90 points. The Australian share market has closed lower, starting with a splutter before fading into the red by the session’s close. At the close on Tuesday, the benchmark S&P/ASX200 index was 19 points (-0.39%), lower at 4,909.6,