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KSi Daily Report: Friday , 18 March 2016

Friday session on POMSoX saw the Kina Securities main Index, the KSi, decline by 1.01% points or 0.03% ending at 3,779.90 points after key stock weakened while, the home index, KSHi, remained at 9,113.92 points.

There was only one stock that lost on today’s session.

PNG’s leading oil and gas company Oil Search Ltd (OSH) attributed the loss as the stock lost a toea to close at K14.30. The dual listed stock also fell on the ASX by 8 cents at $6.99.

Unchanged stock for the session were the Credit Corporation Ltd (CCP) and Bank South Pacific Ltd (BSP) as both financials closed K1.69 and K7.50 respectively.

The session recorded a total of 5,347 units valued at K51,628.79.

The Dow Jones Industrial Average rose for the fifth straight session to close in positive territory for 2016 for the first time this year after the energy, materials and industrials sectors rose sharply, helped by soaring commodity prices. The index of blue-chip companies rose 155.73 points, or 0.9%, to 17,481.49 points. However, The Nikkei share average fell for a fourth day on Friday after the dollar plunged to a near 17-month low against the yen overnight, pressuring exporters and dented overall sentiment. The Nikkei fell 14.90 points or 0.29% to 16,724.81 points. Meanwhile, The Australian share market closed slightly higher Friday, buoyed by gains in mining and energy stocks as commodity and oil prices continue to climb. The benchmark S&P/ASX200 index was up 14.9 points, or 0.29% at 5,183.1 points.

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