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KSi Daily Report: Friday, 08 July 2016

Both Kina Securities Indices were unchanged on POMSoX Friday for second straight session. The main index or KSi was steady at 4,628.60 points likewise, the home index or KSHi was unchanged at 9,717.70 points.

There were two key stocks traded but both closed flat today.

Oil Search Ltd (OSH) crossed at K17.00 even with Credit Corporation Ltd (CCP) steady at K1.68 amid a large trading volume.

The day’s trading recorded a substantial volume of 59,816 shares at value of K112,992.00.

In overseas news, U.S. stocks closed mostly lower in overnight trading, tracking sinking oil prices, but the market pared losses late in the session as investors sought bargains ahead of the closely watched jobs report. The Dow Jones Industrial Average came off intraday low to fall 22.74 points, or 0.1%, to 17,895.88. Chevron Corp. CVX, -1.46% and Verizon Communications Inc. VZ, -1.56% were the worst performers among blue-chips. Japan’s Nikkei share average dropped on Friday, dragged down by caution towards the U.S. jobs report due later in the day and as the yen erased earlier losses and firmed. The Nikkei fell 169.26 points or 1.11% to 15,106.98 points at close. The share market has closed relatively steady as investors wait on the release of key US jobs numbers. By at close of market Friday, the benchmark S&P/ASX 200 index was up 2.6 points, or 0.05% at 5,230.50 points.

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