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KSi Daily Report: Wednesday, 02 December 2015

POMSOX trading session was quiet today as only two stocks were traded. Both ended unchanged. Kina Securities stock indices remained flat with the Main index, KSi staying at 3,564.14 points. Likewise, the Kina Securities Home Index KSHi remained at 9,647.90 points.

A leading financial stock Bank South Pacific Ltd (BSP) closed even at K7.50, followed by PNG main oil and gas stock Oil Search Ltd (OSH) at K16.01

Total shares registered today were 16,326 units valued at K131,465.60.

In New York, U.S stocks started December on a high note as expectations the European Central Bank would launch further stimulus measures later this week despite disappointing manufacturing data. The Dow Average rose 168.43 points or 0.95% higher to 17,888.35 points. In Japan, the Nikkei share average declined 38.12 points or 0.19% to 19,974.28 points in choppy trade as investors shunned risk. Australian shares traded lower after the latest GDP figures showed 2.50% growth on year in Q3, better than expected. The S&P/ASX 200 fell 6.34 points or 0.12% to 5,259.80 points.

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