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KSi Daily Report: Friday, 13 October 2017

The Kina Securities main stock index, the KSi, closed marginally higher for Today. The index ended up 3.23 points or 0.06% to 5,270.25 points. Meanwhile, the home index or the KSHi remained steady at the same level of 10,987.45 points amid a very thin trading for Friday’s POMSoX session.

Oil Search Ltd (OSH) was the sole winner for the day, as the co-partner to the largest LNG-project in PNG, operated by Exxon-Mobile Ltd, advanced 3 toea to end at K17.66. This was the only stock traded today recording a total of 965 units with a value of K17,041.90.
In off-shore news, The U.S. stock market heralded the beginning of third-quarter earnings season by finishing slightly lower in overnight trading, even as Wall Street banks turned in generally upbeat results. The Dow Jones Industrial Average fell 31.88 points, or 0.1%, to close at 22,841.01 points. Meanwhile, Japan’s Nikkei share average edged higher by 200.46 points or 0.96% to 21,182.55 points on Friday helped by index heavyweight Fast Retailing, while selling of Kobe Steel continued as worries from its data fabrication scandal extended overseas. Likewise, Australian shares rallied to their best week since March, in a broad-based advance led by consumer discretionary and utility companies. The benchmark S&P/ASX 200 index climbed 19.70 points, or 0.34%, to end the day at 5,814.20 points.

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