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KSi Daily Report: 10 April, 2014

Thursday trading on POMSOX was modest that resulted in five stocks were crossed. The Kina Securities Main Index or KSi, enjoyed a 9.64 points or 0.27% increase ending at 3,641.44 points at the close. However, the Home Index, KSHi remained 8,130.97 points.

One stock gained while three stocks remained unchanged.

The sole winner for the day was again the leading oil and gas company Oil Search Ltd (OSH) which closed up by 11 toea to K17.81, reflecting the strength of overseas performance in ASX.

The unchanged was led by the exploration company Highlands Pacific Ltd (HIG) in terms of trading volume and The financial-holding Credit Corporation Ltd (CCP), the financial-holding co as closed at 21 toea and K2.70 respectively. Meanwhile, Bank South Pacific Ltd (BSP) traded even at K7.78.

Trades today registered a combined volume of 15,854 shares valued at K78,730.79

In markets abroad, U.S stocks rallied Wednesday ending at its best gains in a single session in more than a month after minutes revealed by the Federal Open Market that showed little sign of interest-rate rising. The Dow Average surged 181.04 points or 1.11% to end at 16,437.18 points. In Asia, stocks broadly widened gains despite disappointing Chinese trade figures, as optimism rose on delayed U.S rates. Japan’s Nikkei share average was flat at 14,288 points. In Australia, the benchmark S&P/ASX 200 rose 17.02 points ( +0.31%) to 5,480.80 on the Fed minutes whilst the Aussie unemployment unexpectedly declined to 5.8 percent, the biggest drop since August 2010, a report said.

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