Both Kina Securities stock indices closed positively on Friday with one key mining stock gaining ground . The Kina Securities main index, the KSi, closed 51.03 points or 1.48 % higher to 3,491.61 points. Likewise, the Home Index or KSHi rose 4.83 points or 0.05% to 9,612.75 points.
One stock gained with no other movements.
Dual-listed mining giant Newcrest Mining Ltd (NCM) was the winning stock for the day. Up by K1.00 to close at K26.00.
Junior cap mining explorer Highlands Pacific Ltd (HIG) closed unchanged at 20toea.
Today’s trades registered a total of 7,845 units valued at K3,142.80.
U.S stocks lost steam in the final hour of trading Thursday but still finished with modest gains, snapping a three-day slump that was driven by plunging oil prices. The Dow Jones Industrial Average rose 82.45 points or 0.47% to 17,574.45 points. Japanese stocks rose the first time in five days on Friday, helped by gains on Wall Street and a pullback in the yen’s strength, but investors remained risk averse and indexes were on course to end the week lower. The Nikkei share average advanced 166.55 points or 0.87% to 19,213.10 points. Australian share market has seesawed into positive territory but remains under pressure from heavy falls in the mining and energy stocks. S&P/ASX 200 benchmark index was down 8.22 points or 0.16% to 5,029.50 points.