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KSi Daily Report: Friday, 04 September 2015

Friday’s trading session was modest with the Kina Securities Indices heading in the positive direction. The Kina Securities main index or KSi fell 29.97 points or 0.87% to 3,554.02 points and similarly the Home Index KSHi rose 10.92 points or 0.11% to 9,550.28 points.
One stock gained compared to another that lost.

Winning stock for the day was retail pharmaceutical stock City Pharmacy Ltd (CPL) ended at K1.46, up by 6toea.

On the downside, dual-listed mining stock Oil Search Ltd (OSH) closed lower by 30toea to end at K14.50.

Other stocks traded unchanged included Bank South Pacific Ltd (BSP) and Marengo Mining Ltd (MMC) at K7.30 and 2toea flat respectively.

Today’s trading session registered a substantial volume of 179,880 shares valued at K193,495.82.

In New York, Wall Street ran out of steam to close the session as oil futures relinquish early gains ahead of anticipated employment report. The Dow Jones Industrial Average rose 23.38 points to 16,374.76 points. Japanese stocks hit a fresh seven-month low on Friday afternoon as investors sold futures as the yen rose further against the dollar. Nikkei share average slumped 390.23 points or 2.15% to 17,792.16 points. Australian share market gained amid respite from Chinese markets, closed for a holiday and ahead of a US jobs market report to shape the Feds interest rate decision. S&P/ASX 200 added 10.70 points or 0.2% to 5,038.50 points.

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